ZNSHINE Solar Applies to List on HKEX

PVTIME – ZNSHINE PV-TECH Co., Ltd. (ZNSHINE Solar), a cutting-edge solar company specialising in solar modules, battery storage, green hydrogen and BIPV solutions has recently submitted its application to the Hong Kong Exchange (HKEX) for public listing.

Since its establishment in 1988, ZNSHINE Solar has specialised in the research, development, production and sales of solar photovoltaic modules, as well as the provision of a range of new energy technology services, including integrated solutions for PV, hydrogen and storage.

In 2016, ZNSHINE Solar successfully listed on China’s National Equities Exchange and Quotations under the code 838463. Following years of development, the company has established itself as a leading global provider of solar modules. Its products are exported to over 80 countries and regions worldwide, winning international recognition. In particular, the company has maintained a leading position in the Indian market for over a decade. In 2018, it became the largest Chinese module supplier in India, and has supplied over 4GW to India to date. ZNSHINE Solar currently operates four major production bases in Suqian, Jiangsu, Changzhou, Yunnan and Indonesia, with a total production capacity of up to 12GW.

Furthermore, in 2021, 2022 and 2023, ZNSHINE Solar’s revenue from sales of photovoltaic modules was RMB2,313.1 million, RMB3,675.1 million and RMB2,914.5 million, representing 82.2%, 88.1% and 81.4% of its total revenue for each of the relevant periods, respectively. Revenue from PV module processing services was RMB285.3 million in 2021, RMB247.1 million in 2022 and RMB402.2 million in 2023.

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