Ten Milestone Events of Tongwei in 2024

Reflecting on 2024

the entire team of Tongwei forged ahead to conquer one peak after another

and achieve remarkable milestones

Looking ahead to 2025

we are setting sail with determination

steadfastly pursuing our dreams

and striving for a brighter future

Ten Milestone Events of Tongwei in 2024

Contributing to Governance

With Fulfillment of Responsibilities and Commitment to Action

Chairman Liu Hanyuan Attends the National Two Sessions

During the 2024 National Two Sessions, Liu Hanyuan, Deputy to the NPC, Vice Chairman of the All-China Federation of Industry and Commerce, and Chairman of the Board of Directors of Tongwei Group, actively fulfilled his responsibilities and provided policy recommendations. He put forward suggestions for the development of China's PV and energy storage industry and the achievement of the carbon neutrality goal while focusing on key issues, such as accelerating the construction of diverse energy storage systems in China, establishing a carbon emission factor database for the power grid, supporting fair participation of private enterprises in PV power station investments, stabilizing renewable energy subsidy policies, and promoting the development of waterborne PV projects. His suggestions garnered extensive attention and coverage from authoritative media outlets, including CCTV, Xinhua News Agency, and people.com.cn.

Serving the Country through Industry

Exemplifying the Model Role of a Leading Enterprise

Receiving New Year Greetings from the Governors of Sichuan and Guangdong Provinces

On February 6, 2024, Tongwei Group received New Year greetings from Huang Qiang, then Deputy Secretary of the CPC Sichuan Provincial Committee and Governor of Sichuan Province, and Wang Weizhong, Deputy Secretary of CPC Guangdong Provincial Committee and Governor of Guangdong Province. They expressed their warm regards and fully acknowledged Tongwei's significant contributions to the high-quality economic and social development of both regions. In 2024, Tongwei Group was ranked among the "Top 500 Chinese Private Enterprises" and the "Top 100 Sichuan Private Enterprises"; Yunnan Tongwei was recognized as one of the "Top 100 Non-Public Enterprises in Yunnan", while TW Solar (Yancheng) Co., Ltd. was listed among the "2024 Top 200 Jiangsu Private Enterprises". Additionally, TW Solar (Hefei) Co., Ltd. has been recognized for eight consecutive years as one of the top 100 private enterprises in Anhui in terms of revenue and manufacturing industry. In the past year, Tongwei has given full play to its role as a leading enterprise in the supply chain, and continuously strove to build a world-class company with global competitiveness, contributing significantly to the high-quality development of regional economies, the promotion of new industrialization, and the new chapter of Chinese path to modernization.

World Benchmark

Continuously Strengthening the "Champion Gene"

Being Listed in the Fortune Global 500 for Two Consecutive Years

In 2024, Tongwei is committed to advancing through practical efforts, establishing itself as a world benchmark in the PV industry. Tongwei has once again made it to the Fortune Global 500 list, becoming the only company in the global PV sector to be listed for two consecutive years. Yongxiang Co., Ltd. has advocated for all-involvement innovation, cost reduction, and efficiency improvement, leading multiple competitive indicators in the industry with a production capacity exceeding 900,000 tons, further solidifying its position as a global leader. TW Solar has accelerated its capacity structure adjustment to effectively match market demand, with a production capacity exceeding 140 GW, maintaining the top global shipment volume for seven consecutive years by the end of 2023. Tongwei has remained steadfast in the operational strategy for its high-efficiency modules, with an annual production capacity of 85 GW and a continuous increase in market share both domestically and internationally. The PV power station dominated by the "Integration of Fishery and PV" model has been steadily advanced, with a cumulative grid-connected capacity of approximately 4.60 GW, contributing to rural revitalization.

Global Footprint

Striving for Excellence and Reaching New Heights

Achieving Dual Breakthroughs in International Influence and Market Share

In 2024, Tongwei's high-efficiency modules have continued to make comprehensive strides. Supported by R&D and production capabilities, Tongwei's high-efficiency modules have achieved breakthroughs in both power and cost, with new module products successfully rolled off at the Hefei, Jintang, and Yancheng bases, marking the full entrance of the era of 700W+ modules featuring large size and high power. With outstanding performance, reliable quality, and efficient supply assurance, Tongwei's high-efficiency modules have reached new heights, supporting the grid connection and power generation of the PV project at the globally highest altitude and setting new height records for PV power stations in China. The overseas expansion has also been accelerated, which continuously enlarges Tongwei's global network. Tongwei's high-efficiency modules have made impressive appearances at international energy exhibitions in France, Spain, and Germany, and have signed strategic cooperation agreements with companies such as EEN, Memodo, and Solfinity. With the official opening and operation of Tongwei's European Marketing Center (Frankfurt), Tongwei's core competitiveness in the global PV field has been further enhanced.

Technological Advancements

Tongwei Global Innovation R&D Center Has Been Put into Use, Setting New Sector Records with Mainstream Technologies

Tongwei Global Innovation R&D Center officially commenced operations in June 2024, showcasing an unparalleled breadth of technological expertise, extensive workshop space, comprehensive equipment facilities, substantial production capacity of pilot tests, and robust future upgrade capabilities within the sector. Since its inception, the center has achieved remarkable results across various technological pathways, with the Tongwei TNC-G12-66 model reaching a maximum output power of 763.4 watts and the G12R-66 model achieving 663.5 watts, setting new industry power records. The independently developed THC-210 high-efficiency module has attained a maximum output power of 776.2 watts, marking the first time that heterojunction module power has surpassed the 775-watt threshold, and this represents the ninth record-breaking achievement for Tongwei since 2023. Moreover, the N-type TBC module batch development has exceeded 650 watts, while the perovskite/c-Si tandem solar cell has reached a maximum efficiency of 33.98%, continuing to lead innovation in PV technology.

Global Attention

As One of the Top Three Global Events in the PV and Energy Storage Sector

2024 The 7th China International PV and Energy Storage Industry Conference Took Place

The 2024 the 7th China International PV and Energy Storage Industry Conference was held from November 17 to 20 in Chengdu. It has been recognized as one of the top three global events in the PV and energy storage sector, alongside the SNEC PV Power Expo in Shanghai and the Intersolar Europe in Munich, Germany. The conference attracted nearly 4,000 enterprises from the global PV and energy storage sector, with contracts exceeding RMB 30 billion signed. The event featured 30 industry-related activities and 15 specialized academic parallel meetings, with over 34,000 participating guests and representatives from both domestic and international backgrounds, drawing the attention of more than 200 global media outlets. In addition, the online reach surpassed 150 million people. It has been held for 7 consecutive sessions since 2018. For the past seven years, the conference has continuously enhanced its industry leadership, global influence, project-driving capacity, and comprehensive outreach, significantly contributing to the rapid development of the PV and energy storage industries in China and worldwide.

Brand Strength

Resonating the Strongest Voice in the PV Brand Sector

Continuously Leading the Global Aquaculture and PV Sectors

In 2024, Tongwei has diligently advanced its systematic, specialized, and distinctive brand development, achieving a historic brand value high of RMB 230,559 million, and maintaining its position as the global leader in both the aquaculture and PV sectors. For two consecutive years, Tongwei has been listed in the World's 500 Most Influential Brands by World Brand Lab, and has received numerous accolades, including "China's 500 Most Valuable Brands", "Top 500 Asia Brands", and "Top 100 Brands in China's Energy Sector". Meanwhile, Tongwei's high-quality development has garnered sustained attention from national media outlets such as CCTV, people.com.cn, and Xinhua News Agency, with CCTV featuring 26 special reports, setting a new historical record. In October, Chairman Liu Hanyuan attended CCTV's program Dialogue. He advocated for the expansion of the application market and accelerating the energy transition, and expressed confidence in the PV industry, sparking widespread interest both within and outside the sector.

Intelligent Manufacturing in China

Establishing a Global Benchmark for Intelligent Manufacturing of PV

Providing Tongwei Solutions for "Intelligent Reform and Digital Transformation"

Tongwei continues to lead in the new track of the PV field, consistently shapes new development momentum and advantages, and pioneers new advancements in the intelligent manufacturing of PV. As the world's first 5G application base in the PV sector, the TW Solar Jintang Base has fully implemented a 5G+ intelligent manufacturing solution, achieving industrial digitization, smart production, and intelligent management ahead of others through core technologies such as unmanned intelligent manufacturing in workshops, digital management of the park, and outdoor unmanned driving logistics. In 2024, TW Solar was included in the Ministry of Industry and Information Technology's "2024 5G Factory Directory" and has been honored as a "Smart PV Pilot Demonstration Enterprise" and a "Benchmark Project for '5G+ Industrial Internet' in Sichuan Province". In the high-efficiency module segment, the TW Solar Yancheng Base has become a module base with the largest single scale in the global PV sector, recognized as the most digitalized, intelligent, and automated smart factory, showcasing the robust strength of "Intelligent Manufacturing in China".

Green and Low-Carbon Development

Accrued Over 70 Domestic and International Awards

Tongwei's Low-Carbon Development Supports Global Sustainability

In the context of the global transition to green energy, embracing ESG principles has become a compulsory challenge for energy companies to rise to. In 2024, Tongwei joined the RE100 initiative as a gold member and participated in the United Nations Climate Change Conference for the fifth consecutive time, actively contributing the "Tongwei Solution" to global sustainable development. Through effective ESG practices, Tongwei has received over 70 awards in the field of sustainability, both domestically and internationally. For two consecutive years, it has been recognized in the Fortune China ESG Impact List and as one of China’s Top 100 ESG Pioneer Listed Companies, and it was awarded as one of the “20 Cases Examples of Private Sector's Sustainable Development in China for 20 Years” by the United Nations Global Compact Liaison Office in China Participant Companies' Sustainability Actions. In March 2024, the "2023 China's Top Ten Classic Cases of Water Conservation" was officially released, with the case study "Sichuan Yongxiang New Energy: Enhancing Water Conservation Processes and Strengthening Water Conservation Measures" being selected, marking it as the only case from Sichuan Province. This sets a benchmark for promoting industrial water conservation and emissions reduction, strongly demonstrating Tongwei's commitment to driving green development through a green industry.

Cultural Leadership

Maintaining Humility and Resilience Through Challenging Times

Stepping into Prosperity with Steadfast Progress

Since the official launch of Tongwei Group's 2024 corporate culture construction in March, affiliated sections and companies have actively engaged in numerous activities centered around the annual theme. Over 100 themed speech competitions were held, with more than 5,000 participating employees; over 3,000 thematic essays were submitted; and the "First Tongwei Group Employee Games" was organized, with over 600 participants from eight teams competing fiercely for victory. The 42nd Anniversary Celebration and Poetry Recitation on Corporate Culture of Tongwei Group was grandly held, alongside a themed speech competition titled "Maintaining Humility and Resilience Through Challenging Times" and its awarding ceremony, all aimed at fostering unity and commitment through shared culture. Embarking on the next journey across mountains and seas, Tongwei people remain steadfast in our commitment to uphold and innovate within the Tongwei culture, continuously igniting the vitality for sustainable growth, and striving tirelessly for our shared mission.

In 2024, 

all Tongwei people will uphold their original aspirations and advance with resolute steps.

In 2025, 

we embark on a new journey, with a more promising future ahead.

We believe that:

Though the road ahead is long, it will surely be reached with persistent steps.

Though tasks may be difficult, they will surely be accomplished through action.

Every Tongwei member,

with a spirit of seizing every moment,

will compose an even more splendid chapter for Tongwei!