Hoyuan Green Energy Establishes Jiangsu Suntech with 630 Million RMB Amid Profit Recovery
Jiangsu Suntech Solar Power Co., Ltd. was established on February 27, 2026, with a registered capital of 630 million RMB. The company, led by legal representative Yang Hao, will focus on solar power generation, photovoltaic equipment manufacturing, and semiconductor device technology. Hoyuan Green Energy's decision to create this subsidiary reflects its recovery from significant losses, with an expected net profit of 180-250 million RMB in 2025, following a loss over 2.6 billion RMB in 2024.
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Jiangsu Suntech Solar Power Co., Ltd. was established on February 27, 2026, with a registered capital of 630 million RMB. Yang Hao serves as the legal representative. The company's business activities include solar power generation technology services, photovoltaic equipment manufacturing, and semiconductor device technology.
Hoyuan Green Energy established this subsidiary amid challenges in the photovoltaic industry, driven by its profitability recovery. The company forecasts a net profit of 180 to 250 million RMB for 2025, a significant improvement from a loss of over 2.6 billion RMB in 2024.
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