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Core Viewpoint - Beijing Guanghe Qiancheng Technology Co., Ltd. is established as a "polysilicon storage platform" with a registered capital of 3 billion RMB, aiming to promote strategic cooperation among companies in the photovoltaic industry [2][5][10]. Company Information - The company was officially registered on December 9, 2025, with a registered capital of 30 billion RMB [3][5]. - The legal representative is Hou Yicong, and the company is classified as a limited liability company (foreign-invested and domestic joint venture) [3][5]. Shareholder Composition - Guanghe Qiancheng has 10 shareholders, including notable companies such as Xinte Energy, Qinghai Lihua New Energy Technology, Tongwei Photovoltaic Technology, Daqo Energy, and others [5][10]. - The largest shareholder is Tongwei Photovoltaic, holding 30.35% with a subscribed capital of 910.5 million RMB [8][10]. - Other significant shareholders include Shanghai Dongfang Hope New Energy (11.3%), Daqo Energy (11.13%), and Xinte Energy (10.12%) [8][10]. Financial Contributions - Tongwei Photovoltaic's contribution is 910.5 million RMB, while Daqo Energy and Xinte Energy contributed 333.9 million RMB and 303.6 million RMB, respectively [10]. - The company also has contributions from other shareholders, including 503.7 million RMB from GCL-Poly Energy and 153.9 million RMB from Qinghai Lihua [10]. Management and Personnel - The company has disclosed information about 13 personnel, including Hou Yicong as the legal representative and Qian Cheng as the chairman [10][11]. - The board includes industry professionals such as Ding Xiaoke from Tongwei and Liu Yiyang from the China Photovoltaic Industry Association [10][11]. Industry Context - Guanghe Qiancheng is viewed as a platform to facilitate strategic cooperation in the polysilicon sector amid ongoing efforts to reduce "involution" in the photovoltaic industry [10][12]. - The company aims to explore potential collaborations and promote healthy industry development, although specific acquisition operations remain unclear [10][12].