TONGWEI CO.,LTD(SH:600438) Hua Xia Shi Bao·2025-03-29 12:31Core Viewpoint - The integration of technological innovation and industrial innovation is essential for transforming scientific advancements into productive capabilities, particularly in the photovoltaic (PV) component sector [2][3]. Group 1: Technological Innovations - The company has upgraded its TNC1.0 product to TNC2.0, achieving a power increase of over 20W while maintaining the same component size, and reducing system costs by 1.0 to 2.9 cents/W [2][4]. - TNC2.0 incorporates four new technologies: 908 busbar technology, steel mesh printing technology, EPT passivation technology, and Poly tech technology, which collectively enhance efficiency and reduce costs [4][6]. - The company aims to further improve component power and reduce customer system costs through additional technological applications and mass production [4][6]. Group 2: Market Position and Performance - The company is the first and only photovoltaic enterprise in the Fortune Global 500, with a global workforce of nearly 60,000 and over 200 subsidiaries [4][5]. - The company has achieved the highest global shipment volume of high-purity crystalline silicon for four consecutive years and high-efficiency cells for eight consecutive years [5]. - In 2024, the company ranked first in domestic component shipments, reaching a new high of over 46GW, with a compound annual growth rate of 169% in component shipments over the past three years [5]. Group 3: Research and Development - The company maintains an open and inclusive approach to R&D, with the largest global photovoltaic innovation R&D center located in Chengdu, focusing on current and future mainstream technologies [6]. - The company recently achieved a record of 790.8W in heterojunction-related products [6].