CECEP Solar Energy Co., Ltd.

CECEP Solar Energy Co., Ltd. is a publicly listed company on the Main Board of the Shenzhen Stock Exchange, primarily engaged in the investment, construction, and operation of photovoltaic (PV) power plants. The company generates electricity as its main product, which is primarily sold to China's State Grid and Southern Power Grid. In addition to power generation, CECEP Solar Energy is involved in the research, development, manufacturing, and sales of PV cells and modules, catering to both domestic and international markets. The company operates through two core business segments: PV power station operations and the production and sale of PV products. As of 2024, CECEP Solar Energy had approximately 6.076 GW of PV power plants in operation, with additional projects under construction and in planning stages, totaling around 12.114 GW. The company has also made strides in technological innovation, including advancements in PV module recycling and the integration of AI in its operations. Its manufacturing capacity for PV products stands at 5 GW, with a focus on high-efficiency technologies.

Overseas Expansion:In FY2024, the company established an Overseas Business Department to drive international PV power plant projects. It identified potential projects in regions such as Southeast Asia and Central Asia, and forged cooperative relationships with the Ministry of Energy of Sri Lanka, the Indonesian Chamber of Commerce and Industry, and the Uzbekistan Energy Company. Module Recycling Breakthrough: In FY2024, the company made significant progress in its PV module recycling business. Together with equipment manufacturers, it developed the first 10,000-tonne scale mobile, containerized intelligent PV module recycling system in China, which was successfully deployed as a demonstration at the Hubei Jianli Power Station project. The mobile design allows for easy transportation, and on-site dismantling and processing effectively reduce the cost of transporting discarded modules. The main recycled materials – aluminum frames and glass – achieve purity levels of over 99%, reflecting an industry-leading recycling process. The launch of this demonstration line marks the establishment of a closed-loop lifecycle for the company's solar modules from production and use to recycling. This achievement also lays a foundation for the company to cultivate new high-quality productive capabilities. Technological Innovation: CECEP Solar Energy Technology (Zhenjiang) Co., Ltd., a subsidiary of the company, has continually strengthened its core technology R&D. It established an incubation platform for advanced solar technologies such as perovskite solar cells and achieved a new milestone in conversion efficiency for wide-bandgap perovskite cells. In 2024, its key collaborative research project on high-efficiency perovskite/crystalline silicon tandem cells was recognized as a key industrial technology innovation project in Jiangsu Province. Digital Strategy Advancement: The company is actively advancing its digitalization strategy by integrating PV products, digital products, and the PV ecosystem. It has expanded applications into diverse scenarios including residential, commercial and industrial facilities, industrial parks, agricultural projects, and intelligent energy management, thereby building a digital, omnichannel ecosystem. The company has established an integrated business chain encompassing product R&D, manufacturing, sales and services, project development, design, construction, and operations & maintenance, enabling it to provide customers with one-stop clean energy solutions. AI Integration: The company deployed the DeepSeek-R1 large-scale AI model at its cloud network data center in Zhenjiang, Jiangsu. To further enhance operational efficiency, it is exploring the establishment of an intelligent knowledge base, AI-driven customer service systems, and other smart business applications.