RAYNEN(SH:603933) Bei Jing Shang Bao·2025-09-08 02:44Core Viewpoint - Sichuan Yingfa Ruineng Technology Co., Ltd. has submitted an IPO application to the Hong Kong Stock Exchange, focusing on the research, production, and sales of photovoltaic cells since its establishment in 2016 [1] Company Overview - Yingfa Ruineng specializes in the development and production of both P-type and N-type photovoltaic cells, with a strategic focus on the next-generation N-type xBC cell technology [1] Financial Performance - The company reported revenues of approximately 5.643 billion, 10.494 billion, 4.359 billion, and 2.408 billion for the years 2022, 2023, and the first four months of 2025, respectively [1] - Corresponding profits for the same periods were approximately 350 million, 410 million, -864 million, and 355 million [1]