Core Insights - The 18th SNEC PV+ International Solar Energy and Smart Energy Exhibition showcased Huasheng's leadership in heterojunction technology, highlighting its innovative products and solutions in the green energy sector [1][3][23] Product Innovations - Huasheng launched three strategic product solutions focused on energy transition, including the Kunlun series heterojunction vertical modules, which achieve nearly 100% bifacial efficiency and are designed for urban and high-density environments [3][10] - The company introduced automotive photovoltaic products in collaboration with Jinpeng Group, featuring a rooftop solar solution that generates 1.2 kWh daily and extends vehicle range by approximately 25 kilometers [5] - A colorful balcony photovoltaic system was unveiled for urban households, allowing for quick deployment in just 15 minutes, promoting green energy accessibility [6] - Huasheng also showcased anti-glare modules and heterojunction-perovskite tandem modules, with the latter expected to exceed 800W in power, indicating advancements towards industrialization [8] Technological Advancements - At the global photovoltaic technology conference, Huasheng's chief scientist presented on efficiency breakthroughs and cost optimization strategies, achieving over 26% efficiency in heterojunction cells and over 740W in module power [10][21] - The company aims to reduce silver usage to below 1 mg/W through innovative materials and techniques, balancing high efficiency with low costs [10][21] Awards and Recognition - Huasheng received multiple prestigious awards at the exhibition, including the SNEC Top 10 Highlights "Gigawatt Gold Award" and recognition in the "Global New Energy ESG Top 100," reflecting its commitment to innovation and sustainability [13][14] Strategic Collaborations - The company established strategic partnerships with several key enterprises to create a collaborative ecosystem for the heterojunction supply chain, focusing on cost reduction and integrated energy management solutions [16][18] - International collaborations include manufacturing partnerships in Italy for BIPV products and joint efforts to standardize new photovoltaic scenarios [18] Market Positioning - Huasheng has built the world's largest heterojunction production capacity, with cumulative shipments exceeding 12GW, positioning itself for significant market penetration [21] - The company is committed to continuous innovation and global expansion, aiming to make photovoltaic energy the primary energy source and contribute to global green development [23]

Core Viewpoint - The article discusses the challenges and strategies of Huasheng New Energy in the photovoltaic industry, particularly focusing on the establishment of the "760W+ Club" to address industry competition and price stabilization while exploring new market opportunities [1][4][7]. Group 1: Company Performance and Strategies - In 2023, Huasheng New Energy achieved operational profitability and completed over 4 billion yuan in financing, totaling more than 5 billion yuan since its establishment three years ago [2]. - The company is adjusting its production strategy in response to a significant price drop across the photovoltaic supply chain in 2024, including reducing output and exploring new markets [3][4]. - Huasheng New Energy's HJT (Heterojunction) technology is positioned to maintain a competitive edge, with current pricing around 0.85 yuan/W, while other technologies like TOPCon and BC continue to decline [4][8]. Group 2: Industry Collaboration and Market Dynamics - The "760W+ Club" was formed by HJT manufacturers to collaborate on supply chain integration, brand building, technical cooperation, and market sales, aiming to reduce costs and enhance efficiency [7]. - The club holds monthly roundtable meetings to facilitate communication among member companies, focusing on sales strategies and technical advancements [7]. - HJT module bidding capacity reached 13.56 GW in 2024, a 333% increase year-on-year, indicating a growing market share for HJT technology [8]. Group 3: Technological Advancements and Market Expansion - Huasheng New Energy is transitioning from SMBB (Multi-busbar) to 0BB technology to reduce production costs and improve efficiency [11]. - The company is also exploring vertical installation of photovoltaic panels, which maximizes the advantages of HJT technology and minimizes land use, potentially becoming a significant market post-531 policy [12]. - The carbon footprint of HJT technology is currently around 366 gCO2eq/W, with plans to reduce it below 300 gCO2eq/W, enhancing its appeal in low-carbon markets [13].

Core Viewpoint - The solar industry, particularly companies like Huasheng New Energy, is facing significant challenges due to a sharp decline in prices across the entire photovoltaic supply chain in 2024, leading to production cuts and layoffs among first and second-tier firms [2][3]. Group 1: Company Performance and Adjustments - Huasheng New Energy has achieved operational profitability in 2023 and raised over 4 billion yuan in financing, totaling over 5 billion yuan since its establishment three years ago [1]. - The company is adjusting its strategies by reducing production, joining industry alliances, and exploring new markets to navigate the current challenges [3]. - The establishment of the "760W+ Club" aims to stabilize pricing and address internal competition among HJT manufacturers, with current pricing around 0.85 yuan/W for HJT products [3][5]. Group 2: Market Dynamics and Technology - HJT technology is gaining traction, with a reported 333% year-on-year increase in HJT component bidding capacity, reaching 13.56 GW [6]. - HJT components are priced higher than TOPCon, with a potential profit increase of 1.356 billion yuan for every penny increase in price [6]. - The company is transitioning to 0BB technology to reduce production costs while maintaining competitive pricing with TOPCon products [7]. Group 3: Innovation and Market Expansion - Huasheng New Energy is exploring vertical installation of solar panels, which maximizes the efficiency of HJT technology while minimizing land use [8]. - The company has established a dedicated solutions department to promote vertical power generation, which is expected to gain traction post-531 policy [8]. - The carbon footprint of HJT technology is currently around 366 gCO2eq/W, with plans to reduce it below 300 gCO2eq/W [9].