On December 17, HIUV New Materials released a series of announcements disclosing two investment and capital increase plans involving a total amount of RMB 370 million.
In terms of new project development, HIUV New Materials plans to establish a new company in Jintang County, Chengdu, for the construction of a polymer specialty film manufacturing project. The project carries a total investment of RMB 300 million and will mainly involve the construction of production lines for polymer specialty films. The products to be manufactured under this project fall within the company’s core business scope, including EVA film, POE film, and PVE encapsulation film, which are primarily used in high-efficiency photovoltaic modules such as TOPCon, BC, and HJT, as well as other core products.
Upon reaching full capacity, the project will enable the company to improve its strategic regional layout in Southwest China. It will also help adjust and optimize the capacity structure of its existing businesses and enhance the utilization efficiency of current production equipment.
In terms of the operation of existing assets, the company plans to increase the capital of Taizhou HIUV by RMB 70 million using its own funds or self-raised funds. After the completion of this capital increase, the registered capital of Taizhou HIUV will rise from RMB 80 million to RMB 150 million.
According to financial data, as of September 30, 2025, Taizhou HIUV achieved operating revenue of approximately RMB 576 million in the first three quarters of 2025, while recording a net loss of RMB 37.5563 million.
HIUV New Materials stated that this capital increase is intended to meet the business production and operational needs of Taizhou HIUV, strengthen its capital base and operating capabilities, and address its funding requirements for further development.
Source：EnergyTrend