INSIGHTS AND IDEAS

In recent years, with the continuous expansion of industrial scale and the accelerating iteration and upgrading of technology as well as the rapid promotion of intelligent manufacturing, the cost of photovoltaic power generation has dropped by more than 90%. At the same time, the cost of photovoltaic power generation in China has also been greatly reduced. As of now, it has dropped to less than 0.3 yuan/kWh. During the "14th Five-Year Plan" period, it will drop to below 0.25 yuan/kWh. By then, the cost of photovoltaic power generation will be lower than most coal-fired power. If the ecological environment cost is further considered, the advantages of photovoltaic power generation will be even more obvious. In the future, the cost of photovoltaic power generation will be further reduced, while the environmental cost and emission cost of fossil energy will increase.
——Excerpted from an exclusive interview with Chairman Liu Hanyuan by the Daily Economic News in March 2022

When enterprises are facing business pressure, internal management becomes particularly important. Management cadres should have a high sense of responsibility and urgency. Many times, opportunities are fleeting. If the team forms a mediocre and lazy culture for a long time, it will be very difficult to quickly correct and adjust. Be good at seeing the essence through phenomena. At any time, things that can stand the test of time and business performance should be evaluated and understood positively. For companies, speed, efficiency, and effectiveness are always the top priorities for development. The bottom line and boundaries are the fundamental guarantee for the long-term stability of the company at any time. Therefore, we must truly find the right direction, maintain speed, control boundaries, and stick to the bottom line!
——Excerpted from Chairman Liu Hanyuan's speech at the 2022 Work Plan Meeting of Tongwei Group

For a long time, whoever controls oil controls the lifeblood of the world's economic development. The original fossil energy system is very huge and has become the core driving force for the wheels of human history and economic and social development. It is expected that in twenty or thirty years, whoever makes good use of sunlight to convert it into electricity will be able to master the development rhythm of the future era. From then on, humanity will move from an unsustainable era to a high-quality new era of sustainable development of the environment and resources. In this period, the photovoltaic industry will play the leading role in energy development, and China will become the world's most advanced manufacturing country in the photovoltaic field.
——Excerpted from an interview with Chairman Liu Hanyuan by Interface News in December 2021

"Work with dedication, work with wisdom, and work with the spirit of seizing every moment." Working with dedication means that having a plan for a matter is effective. Only with a plan can one face it calmly. Working with wisdom is actually a part of our "ability". Working with the spirit of seizing every moment is often a part of "diligence". A person should have a good habit and keep oneself in a diligent state of mind and a truly practical, diligent and effective working state and working habit. At any time, the spirit of seizing every moment and the mindset of sailing against the current are essential elements for us to be in a leading position and invincible in the face of challenges, breaking through difficulties, and in a competitive market environment.
——Excerpted from Chairman Liu Hanyuan's speech at the 2009 Tongwei Group planning work conference.

We have always advocated that industry division should do something and refrain from doing something. Under the background of large-scale industry and large-scale division of labor and cooperation in modern society, it is difficult for any enterprise to support the innovation and maintenance of long chains, full chains and self-contained competitive capabilities. The simpler a company is, it is often the result of focusing on and accumulating in a certain aspect for a long time. Therefore, the biggest core point for long-term cooperation and synergy is to find a chain docking method that maximizes interests for each other and become an irreplaceable link in the middle!
——Excerpt from Chairman Liu Hanyuan's speech at the 2021 Core Management Cadre Work Report Meeting of Tongwei Photovoltaic Business Department

As any major person in charge of the company, one must have a clear understanding and knowledge of one's own responsibilities and behaviors. This is the minimum common sense that should be possessed. For management leaders, they must possess the basic quality requirements in both technical and management capabilities, which is also the minimum condition for their positioning. Among them, the coordination ability, organization ability, and communication ability are particularly emphasized and valued. At the same time, the person in charge of each department of the company should also have corresponding professional knowledge requirements. Only by having professional knowledge can one better cooperate and play a necessary role in one's own position.
——Excerpted from Chairman Liu Hanyuan's speech at the 2003 Tongwei Internal Management Work Conference

Greatness lies between the ordinary. Plainness and ordinariness are the real truth. For enterprises, operating in accordance with laws and regulations, paying taxes in accordance with the rules, and solving employment problems. Continuously doing so in the long term without creating a mess or shirking responsibilities is the greatest responsibility to society. Removing appearances and combating false appearances, and letting everyone return to the real world. Constraining boundaries and behaviors in accordance with laws and regulations is both a social need and a need for group management. In the face of changes in market conditions and policies, different people and from different angles may reach different conclusions at any time. Therefore, in this process, everyone should find the right direction, stick to the bottom line, and control the boundaries.
——Excerpted from Chairman Liu Hanyuan's speech at the 2021 Management Headquarters Annual Report Meeting of Tongwei Group

For a long time in the past, we thought that without coal, without using natural gas, and without importing oil, it would be difficult for China's economy to maintain rapid development. However, due to the continuous reduction in power generation costs of wind energy and photovoltaic power generation to less than or equal to the cost of coal-fired power generation and hydroelectric power generation, coupled with environmental friendliness and unlimited resources advantages, it has been able to support our effective energy transformation. Therefore, in the past two years, there has been a huge transformation in China's development image in the world. It can be said that the huge turning point in US-China-Europe relations last year is greatly related to China's proposal of the "dual carbon" goals. In this process, the mutual support between China's industries and commitments has played a very solid role.
——Excerpted from Chairman Liu Hanyuan's speech at the 2021 Core Management Cadre Work Report Meeting of Yongxiang Co., Ltd. on January 10, 2022

In the process of business operation, we should respect the market. Under market conditions, only price signals can be used to guide consumption. This is the essential law of the market - price changes, discovery of demand, rebalancing, self-organization, and meeting demand. The only thing that never changes in the market is that it is always changing, and various links are always fluctuating periodically. Despite all the changes, the fundamental principle remains the same. Each investment link will automatically reach equilibrium. If the price is too low, it will damage investor confidence and reduce new investment; if the price is too high, new investment will definitely pour in and then increase supply. In this process, industry participants should have more understanding. Truly understand the market in investment and operation, grasp the laws well, follow the trend, and when conditions permit, conduct counter-cyclical operations.
——Excerpted from an interview with Chairman Liu Hanyuan by Interface News in December 2021
