The China Nonferrous Metals Industry Association noted stable polysilicon prices this week. Top-tier producers priced polysilicon at CNY 40–42/kg, while lower-tier suppliers offered it at CNY 39–40/kg. Granular silicon ranged from CNY 37–39/kg. Weakening wafer demand led downstream buyers to favor lower prices. Wafer prices fell, with 183N wafers at CNY 1.20 per piece, 210RN at CNY 1.45, and 210N at CNY 1.55. P-type M10 wafers traded domestically at CNY 1.05–1.15 and CNY 1.20–1.25 for export. Cell prices also declined, with 182P cells at CNY 0.27–0.29/W, 183N at CNY 0.30/W, and 210RN at CNY 0.29/W. N-type cell prices are expected to decrease further through late April, with stabilization projected for May or June. Module prices, which peaked at CNY 0.78–0.80/W in early April, dropped to CNY 0.67–0.71/W for utility-scale projects and CNY 0.72–0.75/W for distributed projects. Overseas prices for TOPCon modules ranged from $0.080–0.095/W, HJT from $0.095–0.12/W, PERC from $0.07–0.08/W, and N-TBC from $0.10–0.11/W.
Yonz Technology began construction on a CNY 3.5 billion facility in Baotou, Inner Mongolia, to produce 100 GW of aluminum PV module frames annually. The company has not announced a completion timeline.
Xinte Energy reported: “Unaudited revenue for the first quarter of 2025 was CNY 3.19 billion, with a net loss attributable to shareholders of CNY 263.01 million.”
Jinko Technologies stated: “Net profit attributable to shareholders in 2024 fell 15.4% to CNY 324 million, with earnings per share at CNY 0.09.” Revenue grew 9.25% to CNY 4.78 billion, driven by self-owned solar plants and residential solar. The profit decline was attributed to higher solar curtailment and lower investment income due to changes in power market policies. A pre-tax cash dividend of CNY 0.0279 per share will be issued.
