China’s Top 10 Photovoltaic Component Manufacturers in the First Half of 2023
China’s Top 10 Photovoltaic Component Manufacturers in the First Half of 2023

China’s Top 10 Photovoltaic Component Manufacturers in the First Half of 2023

China’s Top 10 Photovoltaic Component Manufacturers in the First Half of 2023

In the first half of 2023, China’s photovoltaic component manufacturers continued to show remarkable growth, solidifying their positions on the global stage.

InfoLink’s statistics reveal that the top 10 component manufacturers achieved a combined shipment volume of approximately 159-160 GW during this period.

Compared to the previous year, these top manufacturers saw a 57% increase in shipments, although the growth rate narrowed slightly. As September begins, the mid-year financial reports for major component companies are coming to light.

Photovoltaic Industry Network has compiled some of the key shipment data for domestic component manufacturers for reference.

  1. Jinko Solar:
    • In the first half of 2023, Jinko Solar sold approximately 30.8 GW of photovoltaic components worldwide, with N-type TigerNeo components accounting for over half of the total.
    • They expect to see a further increase in component shipments, with third-quarter figures estimated at 19-21 GW.
    • The company has raised its annual component shipment target from 60-70 GW to 70-75 GW, with N-type components making up a significant portion.
  2. Trina Solar:
    • Trina Solar reported component shipments of around 27 GW in the first half of 2023, marking a nearly 50% year-on-year growth.
    • They anticipate reaching silicon wafer, cell, and component capacities of 50 GW, 75 GW, and 95 GW, respectively, by the end of 2023.
    • The company also achieved a significant milestone by producing TOPCon components with a power output exceeding 700W at its Qinghai base.
  3. Longi Green Energy Technology:
    • Longi Green Energy Technology announced component shipments of 26.64 GW in the first half of 2023, with 26.49 GW for export.
    • They reported substantial growth in Q2, with a 52.3% increase in quarterly net profit.
    • Longi Green Energy Technology is steadily maintaining its position among the world’s top component manufacturers.
  4. JA Solar Technology:
    • JA Solar Technology achieved record-high component and cell shipments in the first half of the year, totaling 23.95 GW, including 497 MW for self-use.
    • Approximately 55% of component shipments were overseas, with distribution accounting for about 34%.
    • They plan to reach a component capacity of 95 GW by the end of 2023, equivalent to about 90% of silicon wafer and cell capacities.
  5. Canadian Solar:
    • After returning to the A-share market, Canadian Solar reported global component sales of 14.3 GW in the first half of 2023.
    • They expect to ship 8.5-8.7 GW in the third quarter, with a full-year component shipment target of 30-35 GW.
  6. Risen Energy:
    • Risen Energy maintained its position in the top ten global component manufacturers, with shipments of 11.5 GW in the first half of 2023 and an annual capacity of 25 GW.
    • The company continues to focus on technological innovation and process improvement.
  7. Chint Solar:
    • Chint Solar secured the sixth position globally with a total component production of 10 GW in the first half of 2023, with a capacity of 25 GW.
    • They plan to increase their component capacity to 55 GW by the end of the year, with N-type TOPCon components comprising 81%.
  8. Tongwei:
    • After entering the component market in the second half of the previous year, Tongwei achieved impressive sales, with an accumulated component sales volume of 8.96 GW in the first half of 2023.
    • The company has rapidly expanded its component production capacity, which now stands at 55 GW.
  9. Yidao New Energy:
    • Yidao New Energy, established less than five years ago, has firmly secured a position in the top ten, with first-half component shipments reaching 7.5 GW, close to their total for the previous year.
    • Their remarkable growth includes a 2 GW component shipment in June alone.
  10. Solargiga Energy or Huansheng Solar:
    • Competition in the component sector remains fierce, and the final ranking of the tenth manufacturer remains uncertain.

These top Chinese photovoltaic component manufacturers have demonstrated exceptional growth in the first half of 2023, contributing significantly to the global solar energy industry’s expansion. Their impressive performance sets the stage for further advancements in the renewable energy sector.

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