SHE:002129

2 stories mentioning SHE:002129Updated just now

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TCL Zhonghuan to Invest 2.6 Billion Yuan in Back Contact Cell, Module Upgrade

TCL Zhonghuan Renewable Energy Technology (SHE:002129) plans to invest 2.6 billion yuan to upgrade 20 gigawatts of cell capacity and 25 gigawatts of module capacity to back-contact technology across multiple bases.The transformation will convert existing TOPCon lines and is expected to be completed by the end of the first quarter of 2027, with phased production beginning in the third quarter of 2026, according to a Friday filing with the Shenzhen bourse.Upon completion, all cell capacity will be back contact-based, with 50% of module capacity converted.Shares of the photovoltaic supplies maker declined 3% in recent trade.

SHE:002129

Asia3h ago

TCL Zhonghuan to Set Up Joint Venture; Shares Down 4%

TCL Zhonghuan Renewable Energy Technology (SHE:002129), through its subsidiaries, agreed to establish a joint venture manufacturing electronic materials and new materials, according to a Shenzhen bourse filing on Friday.The joint venture, Tianjin Huanyao New Materials Technology, will have a registered capital of 630 million yuan.The Chinese photovoltaic supplies maker's subsidiaries, Zhonghuan Leading Semiconductor Technology and Tianjin Zhonghuan Leading Material Technology, will invest 974.1 million yuan and 375.9 million yuan, respectively, into the venture, owning 30.9% and 11.9%.The company's shares dropped 4% during the afternoon trade.

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