China Zhongji Investment completed a targeted investment in Jiega Weichuang through a private placement.
Recently, China Zhongji Investment completed a targeted investment in Shenzhen Jie Jia Wei Chuang New Energy Equipment Co., Ltd. (hereinafter referred to as "Jie Jia Wei Chuang," stock code: 300724.SZ). Jie Jia Wei Chuang is a leading global supplier of crystalline silicon solar cell equipment, having provided equipment and services to over 200 photovoltaic cell manufacturers and nearly 1,000 production lines worldwide.
Established in 2007, Jie Jia Wei Chuang has always focused on the research and development of technology and processes for crystalline silicon solar cell production equipment. It has accumulated rich industry application experience and, through continuous technological and product innovation, has mastered a number of original core process technologies. Its main products have reached internationally advanced levels in technology and quality. Currently, the main photovoltaic cell technologies include PERC cells (2nd generation), PERC+ cells (TOPCon) (2.5th generation), and HJT cells (3rd generation). The conversion efficiency of PERC cells has approached the theoretical limit of 24%, with limited room for future improvement. As PERC cell development reaches a bottleneck, major manufacturers are focusing on new technologies to further improve conversion efficiency: TOPCon technology, compatible with some PERC production lines, and HJT heterojunction cell technology, which has a completely different structure from PERC cells. HJT is recognized by the industry as a future battery technology solution with good prospects. Jie Jia Wei Chuang has a presence in all three technology lines. Its PERC and TOPCon products have a market share exceeding 50% in various key equipment markets. In HJT technology, Jie Jia Wei Chuang is the world's first provider of a complete, independently developed four-process solution, demonstrating a significant technological advantage. It has begun providing core equipment for HJT cell production lines. Relying on its comprehensive advantages in technological research and development, product performance, and service quality, Jie Jia Wei Chuang has established long-term cooperative relationships with mainstream crystalline silicon solar cell manufacturers, including, but not limited to, Trina Solar, LONGi Green Energy Technology, JinkoSolar, Risen Energy, JA Solar, Tongwei Solar, and Zhonghuan Semiconductor. Through collaboration with mainstream domestic and international enterprises, the company continuously promotes innovation in R&D and production technology and improves product performance. Tan Runzhan, Partner and Managing Director of China Zhongji Investment, introduced that with "carbon peak" and "carbon neutrality" included in the Government Work Report of the 2021 Two Sessions, the solar energy industry, led by photovoltaics, has begun to grow rapidly. Increased downstream demand has also driven the rapid development of solar cell production equipment. Jie Jia Wei Chuang, with its advantages in independent research and development and high cost-performance ratio, has rapidly captured the market and received full affirmation from users and recognition from domestic and foreign peers. Its products are widely used in well-known solar cell manufacturing companies at home and abroad, with a high market share. This targeted increase will further enhance the company's core technological competitiveness, guarantee the company's high-speed growth, and bring good returns to investors.
