Core Viewpoint - Beijing Guanghe Qiancheng Technology Co., Ltd. has been established with a registered capital of 3 billion yuan, focusing on technology services and consulting in the photovoltaic industry [1][5]. Group 1: Company Overview - Guanghe Qiancheng is recognized as a "polysilicon platform company" and has a registered capital of 30 billion yuan [1]. - The company is backed by several major shareholders, including Tongwei Co., Ltd. (30.35%), GCL-Poly Energy Holdings Limited (11.13%), and Xinte Energy Co., Ltd. (10.12%) [4][6]. Group 2: Industry Context - The establishment of Guanghe Qiancheng is seen as a strategic move to explore collaboration opportunities within the photovoltaic industry, focusing on market expansion, capacity optimization, and cost reduction [5]. - Tongwei Co., Ltd. reported a polysilicon sales volume of 161,300 tons in the first half of 2025, holding a global market share of approximately 30% [5]. - GCL-Poly has an annual production capacity of 305,000 tons of high-purity polysilicon, contributing to 8.52% of China's total polysilicon production in the first half of 2025 [6].