Shanghai Jingao Solar Technology Co., Ltd.

Jingao Solar Technology Co., Ltd. (referred to as "Jingao Technology") is a leading photovoltaic power generation solution provider. The company's founder and chairman, Mr. Jin Baofang, entered the photovoltaic industry in 1996, engaging in silicon rod and silicon wafer businesses. In 2005, he founded Jingao, focusing on solar cell manufacturing. In 2007, Jingao was listed on NASDAQ in the United States. In 2010, the company extended its industry chain downstream to modules and expanded to photovoltaic power generation business in 2012, achieving vertical integration across the entire industry chain. After privatization from the US stock market in 2018, the company completed its listing on the Shenzhen Stock Exchange in 2019 (stock code: 002459). Both the company's origin and the registered address of the listed entity are in Ningjin County, Hebei Province. Jingao Technology has established multiple production bases globally and has 13 overseas sales companies, creating a vertically integrated full industry chain covering silicon wafers, cells, modules, and photovoltaic power stations. The company's product sales and service network extends to 165 countries and regions worldwide. In 2023, it achieved operating revenue of 81.556 billion yuan, a year-on-year increase of 11.74%, and net profit attributable to shareholders of 7.039 billion yuan, up 27.21% year-on-year. In the first half of 2024, Jingao Technology fully leveraged its advantages, with module shipments exceeding 38 GW, a year-on-year increase of approximately 59%, reaching a record high. Module shipments have maintained the leading global position for many consecutive years. Shanghai Jingao Solar Technology Co., Ltd. was established in November 2006, located in Shanghai Fengxian Comprehensive Bonded Zone, covering an area of about 280 mu, with a registered capital of 820 million yuan and approximately 1,300 employees. The company specializes in the design, production, and sales of high-performance solar photovoltaic module products, as well as providing module application solutions. Products are sold to 135 countries and regions and are widely used in ground-mounted photovoltaic power stations and commercial, industrial, and residential distributed photovoltaic systems. The company has a comprehensive enterprise management system and is certified for quality management systems, environmental management systems, occupational health management systems, integration of informationization and industrialization management systems, photovoltaic industry standard management systems, and energy management systems. The company has demonstrated strong business performance, with sales showing an upward trend in the past three years. The current annual module capacity reaches 6 GW. In 2022, the company's annual output value reached 7.658 billion yuan, with sales revenue of 7.9 billion yuan and export earnings of 890 million US dollars. In 2023, the company's output value is expected to reach approximately 8.5 billion yuan, with exports exceeding 6 billion yuan and total tax payments of about 30 million yuan (mainly corporate income tax; if not for the historical loss carryforward of 300 million yuan, total tax payments could reach 75 million yuan). The company has received numerous honors, including National Green Factory, National Intelligent Manufacturing Demonstration Factory, Intelligent Photovoltaic Pilot Demonstration Enterprise, High-tech Enterprise, National Specialized and Innovative "Little Giant" Enterprise, Shanghai Green Factory, Shanghai Enterprise Technology Center, Shanghai Specialized and Innovative Enterprise, Shanghai Safety Production Standardization Enterprise, Shanghai Harmonious Labor Relations Enterprise, ranking 39th among Shanghai Top 100 Manufacturing Enterprises 2023, 20th among Shanghai Top 100 Growing Enterprises 2023, 59th among Shanghai Top 100 Private Enterprises 2023, 37th among Shanghai Top 100 Emerging Industry Enterprises 2023, and 22nd among Shanghai Top 100 Private Manufacturing Enterprises 2023, among dozens of other honors.