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About Us

HY SOLAR, founded in 2002 (formerly known as "Shangji Automation"), is a photovoltaic (PV) full-industry-chain product and service provider committed to innovation and application in the new energy sector. The company was listed on the Shanghai Stock Exchange in 2018 with the stock code 603185. As a leading private enterprise in the new energy field, after over two decades of innovative development, HY SOLAR has grown into a rare full-industry-chain ecological enterprise within the new energy industry.

Currently, the company boasts an asset scale of nearly USD 7.04 billion, with its products and services extending to nearly a hundred countries and regions worldwide. It has established overseas marketing and technical service offices in over ten countries globally. With a total investment exceeding USD 8.45 billion, HY SOLAR has built multiple core research, development, and manufacturing bases in Qingshan and Guyang, Inner Mongolia; Xuzhou, Wuxi, and Jiangyin, Jiangsu; as well as Chuzhou, Anhui. These bases are equipped with a production capacity of 100,000 tons of industrial silicon, 75,000 tons of polysilicon, 55 GW of silicon wafers, 26 GW of solar cells, 13 GW of solar modules, and 11.5 GW of power stations. The company currently employs over ten thousand staff members. HY SOLAR has been consistently ranked among the "Top 500 Chinese Manufacturing Enterprises," the "Global Top 500 New Energy Enterprises," and the "Top 100 Chinese Private Energy Enterprises" for several consecutive years.

Looking ahead, guided by the goals of carbon peak and carbon neutrality, HY SOLAR will continue to advance its "Technology-Driven HY SOLAR, Intelligent Services" strategy. Adhering to the vision of "Making Energy Cleaner, Making the World Better" and the business philosophy of being market-oriented, customer-centric, resource-connecting, and mutually beneficial cooperation, the company will collaborate with partners from various fields to jointly explore the global new energy market and forge a technologically advanced, green, and intelligent new HY SOLAR.

  • 2002

    Founded in 2002

  • 2018

    Listing on SSE

  • 229

    Ranked 229th of
    "Hurun China Top 500"

  • 55Billion(CNY)

    Valuation by the end of 2022

  • 6Business Segments

    Equipment, silicon material, PV wafer, cell, module and new energy power station

  • 3Manufacturing Bases

    Wuxi, Baotou, Xuzhou

  • 21.91Billion(CNY)

    Revenue in 2022

  • 21.03Billion(CNY)

    Total assets in 2022

  • 10000+

    Employees

  • 50GW+

    Integrated N-type PV industry capacity

  • Milestones

  • High-end PV Equipment Manufacturer

    2002-2018

    • 2002Establishment of Wuxi Shangji Grinder Co., Ltd.
    • 2004Entry into the solar industry, engaging in the manufacturing of equipment for crystalline silicon
    • 2018Wuxi Shangji Automation was listed on the SSE with stock code of 603185
  • PV New Material Professional Provider

    2019-2021

    • 2019Establishment of HOYUAN New Material (Baotou) Co.,Ltd.
      Start of the production of monocrystalline silicon
    • 2020Expansion of monocrystalline silicon production capacity to 8GW per year
    • 2021Expansion of monocrystalline silicon production capacity to 10GW per year
  • N-type PV industry Chain Integrator

    2022-2025

    • 2022Investment for metallurgical-grade silicon of 150 kilotonnes annual output
      Investment for crystalline silicon of 100 kilotonnes annual output
      Investment for monocrystalline silicon of 40GW annual output
      Investment for PV wafer of 25GW annual output and N-type PV cell of 24GW annual output
    • 2023Investment for the PV module project with 16GW annual output
      Building vertically-integrated PV industry chain
  • Global Green Energy Industry Eco-Integrator

    2026-Future

    • Power plant developer, to create a green energy industry ecosystem
      Strategically provide diverse green energy industrial system solutions
  • Honors

  • Chinese Listed Company Valuation
    Top 500

  • 2022 Forbes Innovation Top 50

  • Hurun China Top 500

  • National High-tech Enterprise

  • National SRDI Enterprise

  • 2022 China Brands
    Top 500

  • China Federation of Commerce Sci-Tech Award

  • China Machinery Industry Sci-Tech Award

  • Major Sci-Tech Undertaking Enterprise of NDRC

  • National Green Factory

  • Jiangsu's Private Company TOP 200

  • Jiangsu's Company in Manufacturing Industry TOP 100

  • Technological Innovation

    "HY SOLAR" has continued to strengthen its independent R&D and innovation capabilities in the field of new energy. lt has its own technical advantages in every field of the photovoltaic industry, thanks to its technical resources and high-end talent reserve, and has received multiple industry accolades.

  • 974Million(CNY)

    R&D input in 2022

  • 4.45%

    R&D Cost Proportion in 2022

  • 205

    National patent authorizations

  • 14

    Software copyrights

  • 1

    National key high-tech product

  • 13

    Jiangsu Provincial high-tech products

  • 5

    Provincial & ministerial Sci-Tech Awards

  • 16

    International product certifications

  • Maunfacturing Bases

  • HY SOLAR Headquarter
  • HY SOLAR Building (Under construction)
  • HOYUAN Solar Jiangyin Base
  • HOYUAN New Material Xuzhou Base
  • HOYUAN Energy Baotou Base
  • HOYUAN New Material Baotou Base