Core Viewpoint - JunDa Co., Ltd. has made significant strides in its globalization strategy, highlighted by its recent listing on the Hong Kong Stock Exchange and a strategic partnership in Turkey to establish a solar cell production base [1][4]. Group 1: Globalization Strategy - The company has successfully listed on the Hong Kong Stock Exchange, becoming the first "A+H" share listed company in the photovoltaic industry, which enhances its international capital market valuation and financing capabilities [1][4]. - A strategic cooperation agreement was signed with Schmid Pekinta Energy to build a 2GW high-efficiency solar cell production base in Turkey, demonstrating the company's execution capability and regional industry insight [1][2]. Group 2: Localized Production and Market Demand - The joint venture in Turkey employs a "local cooperation + technology output" model, allowing JunDa to leverage its N-type high-efficiency battery technology while utilizing local resources for production [2][3]. - Turkey has a significant annual photovoltaic battery supply gap of up to 10GW, and JunDa's entry into this market aims to fill this gap and establish a sustainable solar supply chain [2][3]. Group 3: Technological and Capital Advancements - JunDa has transitioned from "product export" to "capacity export," establishing a global sales network across multiple regions and achieving a shipment of 33.74GW in 2024, with over 90% being N-type products [3][4]. - The company’s successful listing and inclusion in the Hong Kong Stock Connect enhance its liquidity and international valuation, reflecting market recognition of its growth potential through a "technology + globalization" approach [4][5]. Group 4: Future Outlook - JunDa aims to continue its strategy of "technology leadership and global collaboration," focusing on core markets in the Middle East, Europe, and North America to build a stable and controllable global capacity network [5].

Core Insights - The third XBC Battery and Component Technology Forum 2025 will be held on May 15-16 in Jiaxing, focusing on advancements in photovoltaic technology and market trends [6][13]. Company Developments - JunDa Co., Ltd. officially listed on the Hong Kong Stock Exchange on May 8, becoming the first photovoltaic company to operate under an "A+H" dual capital platform [2][4]. - The company issued 63.43 million shares at a price of HKD 22.15 per share, with proceeds aimed at establishing overseas photovoltaic cell production bases and enhancing technology research and development [4]. - JunDa's N-type battery technology has achieved a conversion efficiency of over 26.3%, with a 30% reduction in non-silicon costs, establishing a competitive edge in the market [4][5]. Industry Trends - The global demand for photovoltaic products is increasing, with JunDa's overseas sales rising from 23.85% in 2024 to 58.00% in Q1 2025, indicating strong market penetration [5]. - The XBC battery technology is gaining traction, with significant advancements in efficiency and production capacity expected in 2025, driven by leading companies in the industry [12][14]. - The market share of XBC batteries is projected to increase significantly, with estimates suggesting a market share of approximately 5% in 2024 compared to 2023 [12]. Forum Agenda Highlights - The forum will cover topics such as the competitive landscape of XBC, TOPCon, and heterojunction batteries, as well as the advantages of XBC components in distributed applications [13][14]. - Key discussions will include advancements in TBC, HBC, and HTBC technologies, cost reduction strategies, and the application of advanced conductive pastes and metallization techniques in XBC batteries [14][15].