The Company's core business is the investment and operation of photovoltaic power stations, with electricity as its core product. Meanwhile, the Company is engaged in the R&D, manufacturing and sales of photovoltaic cells and modules, which are sold in both domestic and overseas markets, with major overseas markets including Europe, Brazil, and the Asia-Pacific region. The Company steadily drives the continuous transformation of its manufacturing business towards a technology-driven, asset-light competitive model.
The Company focuses on the comprehensive application of solar energy, and is committed to its two core businesses: the investment, construction and operation of photovoltaic power stations, as well as the production and sales of photovoltaic products. Through the deployment of new technologies and high-efficiency information-based and digital development, it effectively promotes the all-round upgrading of its core businesses. The Company's core photovoltaic power station business has consistently maintained its position in the first echelon of the industry. The photovoltaic power generation industry has no obvious cyclicality, though power generation efficiency may fluctuate quarter on quarter due to natural conditions. The Company's solar module products are at the mainstream technical level of the industry.
In terms of photovoltaic power generation, the Company continuously steps up market development and deepens resource reserves, with a focus on high-quality photovoltaic power generation projects. It prioritizes the development of projects in high-load power consumption areas. As of the end of June 2025, the total scale of the company's operating power stations, power stations under construction, power stations to be built, and power stations with pre-acquisition agreements signed is approximately 12.647 GW.
The Company has proactively launched the development of overseas photovoltaic power generation projects, and identified potential projects in Central Asia, Southeast Asia, and other regions. It has established cooperative ties with the Ministry of Energy of Sri Lanka, the Ministry of Energy of the Republic of Uzbekistan, and the Investment Promotion Agency under the President of the Kyrgyz Republic. In the first half of 2025, the Company conducted in-depth on-site investigations in the Central Asian region, laying a solid foundation for subsequent investment in high-quality projects.
PV Power Station Business: The company boasts strong capabilities in project development, construction, operation and management, as well as extensive investment experience. It has built a diverse portfolio of photovoltaic power stations models, including ground-mounted, water-surface, tidal flat, distributed, and agro-photovoltaic projects. As of the end of June 2025, the total scale of the company's operating power stations, power stations under construction, power stations to be built, and power stations with pre-acquisition agreements signed is approximately 12.647 GW.
PV Products Business: The company has invested in the construction of a photovoltaic cell and module manufacturing base in Zhenjiang, Jiangsu Province, China. The base has a total annual solar product production capacity of 5 GW, including 1.5 GW of high-efficiency photovoltaic cells and 3.5 GW of high-efficiency photovoltaic modules. Through continuous technological upgrading and innovative cooperation models, the company steadily promotes the transformation of its manufacturing business towards a technology-driven, asset-light competitive model.
