On February 27, Jiangsu Suntech Solar Power Co., Ltd. was officially established with a registered capital of 630 million RMB.
According to industrial and commercial registration records, the legal representative of Jiangsu Suntech Solar Power Co., Ltd. is Yang Hao. Its business scope encompasses solar power generation technology services, the manufacturing of photovoltaic equipment and components, the manufacturing of specialized equipment for semiconductor devices, and the research and development of new material technologies.
Equity penetration data indicates that Jiangsu Suntech Solar Power Co., Ltd. is a wholly-owned subsidiary, with 100% of its shares held by Hoyuan Solar (Wuxi) Co., Ltd. It is worth noting that Jiangsu Suntech is a newly established, independent legal entity that independently bears civil liability in accordance with the law. It is a completely separate corporate entity from Wuxi Suntech, which is currently undergoing pre-reorganization. The two companies are entirely separated in terms of assets, debts, and legal liabilities.
At a time when the photovoltaic industry is generally facing downward pressure, Hoyuan Green Energy’s confidence to establish a new subsidiary against the prevailing market trend primarily stems from the significant recovery of its profitability and its robust financial fundamentals.
According to the recent earnings forecast disclosed by Hoyuan Green Energy, the company expects to achieve a net profit attributable to the parent company of between 180 million and 250 million RMB in 2025. Compared to the loss of over 2.6 billion RMB in 2024, its operating performance has achieved a substantial turnaround from loss to profit.
Source：EnergyTrend