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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 total assets of approximately 41.4 billion USD, with its products and services reaching nearly 100 countries and regions worldwide. It has established overseas subsidiaries specializing in marketing and technical support across multiple countries.The company operates several state-of-the-art R&D and smart manufacturing bases strategically located in Inner Mongolia, Jiangsu, and Anhui, forming a complete N-type zero-carbon photovoltaic industry chain. With a global workforce of nearly 10,000 employees, the company continues to drive innovation in renewable energy solutions.

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

  • 185

    Ranked 185th of
    2024 Global Top 500 New Energy Enterprises

  • 6Business Segments

    Equipment, silicon material, PV wafer, cell, module and Storage

  • 1Billion(USD)

    Revenue in 2024

  • 3.95Billion(USD)

    Total assets in 2024

  • 10000+

    Employees

  • 100GW+

    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
  • Specialized Provider A New PV Materials

    2019-2021

    • 2019Establishment of HONGYUAN New Material (Baotou) Co.,Ltd.
      Entry into PV monocrystalline silicon industry
    • 2020Expansion of monocrystalline silicon production capacity to 8GW per year
    • 2021Expansion of monocrystalline silicon production capacity to 10GW per year
  • Deeply Vertically-integrated PV Service Provider

    2022-2025

    • 2022-2025 Metallurgical-grade silicon with 150 kilotonnes annual output
      High purity crystalline silicon with 100 kilotonnes annual output
      Monocrystalline silicon wafer with 55GW annual output
      N-TOPCon PV cell with 26GW annual output
      N-TOPCon PV module with 26GW annual output
  • Global Leader In Green Energy Ecosystem

    2026-Future

    • 2026-Future Synergized Solar-Storage New Energy Ecosystem
      Integrated Solutions for New Industry Scenarios & Demands
      Long-termism-driven Win-win Value Model for Industry Chain Partners
  • Honors

  • 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.

  • 48.7Million(USD)

    R&D input in 2024

  • 4.65%

    R&D Cost Proportion in 2024

  • 655

    National patent authorizations

  • 15

    Jiangsu Provincial high-tech products

  • 15

    Provincial & ministerial Sci-Tech Awards

  • 17

    International product certifications

  • Maunfacturing Bases

  • High-end Equipment Intelligent Manufacturing Base

    No. 158, Nanhu Middle Road, Binhu District, Wuxi City, Jiangsu Province,China
  • Industrial Silicon Intelligent Manufacturing Base

    Room 501, Management Committee Building, Baotou Jinshan Industrial Park, Guyang County, Baotou City, Inner Mongolia Autonomous Region,China
  • Polysilicon Intelligent Manufacturing Base

    Room 501, Management Committee Building, Baotou Jinshan Industrial Park, Guyang County, Baotou City, Inner Mongolia Autonomous Region
  • PV Wafer Manufacturing Base

    No. 1 South Yuanqu Road, New Planning Zone, Equipment Manufacturing Industrial Park, Qingshan District, Baotou City, Inner Mongolia Autonomous Region
  • PV Cell Manufacturing Base

    No. 88 Jinfeng Road, Economic and Technological Development Zone, Xuzhou City, Jiangsu Province
  • PV Moudle Manufacturing Base

    1159 Gangcheng Avenue, Jiangyin City, Jiangsu Province, China
  • Intelligent Energy Storage Manufacturing Base

    No. 2 Huyang Road, Hudai Industrial Park, Binhu District, Wuxi City, Jiangsu Province, China