Image: GCL Opto -Electronics
GCL Opto -Electronics Materials has completed a C2 finance round and has collected almost CNY 200 million. De Ronde was co-led by China Cinda Asset Management and SAIF partners, after the C1 round that investors such as Goldstone Investment, Kunshan Gaoxin Group, Sequoia China and Hanyang Capital. Lighthouse Capital continued to serve as the only financial adviser. The proceeds from the full Series C round will support the use of industrial scale and research into Perovskite zonnet technology on GCL’s Gigawatt-level Production Basis in Kunshan high-tech zone, the province of Jiangsu. The site, which broke site in December 2023, officially started production on 24 June 2025.
China Huadian Corp. said that his second inverter buyer of 2025 will be divided into two parties of a total of 1.2 GW. Lot One comprises 50 kW to 150 kW stringominers, estimated at 0.6 GW. Lot Two will include stringomverters of 50 kW or less, also a total of 0.6 GW, said it.
Irico Group New Energy Said that a net loss expected to attribute to shareholders of its parent company of between CNY 290 million and CNY 320 million for the six months to 30 June 2025, compared to a profit of CNY 4.19 million a year earlier. Operational turnover is expected to fall 25.21% to 26.68% years after year, between CNY 1.49 billion and CNY 1.52 billion. Although the sales volume rose by around 5.5% in the first half, the falling photovoltaic glass prices had an influence on the profit. The company said it saves costs, speeds up technology innovation and performs R&D for mass production of products with high added value. It is also planning to record a restriction on certain stocks.
Hoshine Silicon said that it signed a share transfer agreement with checking shareholder Ningbo Hoshine Group to transfer 60 million shares, which represents 5.08% of the total equity, to private investor Xiao XIUGEN for CNY 2,634 billion or CNY 43.90 per share. The price reflects a discount of 9.86% on the closing price of Hoshine of CNY 48.71 on the day of the deal. The company said that the transaction has no influence on the control, a mandatory offer of the offer or the impact of governance and business activities has activated.
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