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Zhongxinbo (688408), a leading global enterprise in photovoltaic brackets, recently announced that it plans to invest 2.022 billion yuan to build a "zero-carbon headquarters base" in Lujia Town, Kunshan, Jiangsu Province, focusing on the research and development of photovoltaic power generation building materials, polymer materials and energy storage technologies. This is another major move by Zhongxinbo in the integration of its industrial chain following the 4-billion-yuan new energy industrial park in 2024.
Project highlights:
Technical collaboration: The base will promote the integrated innovation of photovoltaic building materials and energy storage technologies, and enhance the capacity for "tracking +" and "green electricity +" system solutions.
Capacity support: The project is planned to occupy 175.04 mu of land. It is expected that after completion, it will form a cluster with a production value of over 10 billion yuan, further enhancing the overseas delivery capacity.
Performance endorsement: In 2024, Zhongxinbo's revenue was 9.026 billion yuan, with a year-on-year increase of 83% in net profit. The proportion of overseas revenue was 81%, and the outstanding orders reached 4.65 billion yuan (overseas accounted for 94.9%).
Industry impact: This move marks the transformation of Zhongxinbo from a traditional bracket manufacturer to a zero-carbon ecosystem builder, providing a new model for the global competition of Chinese photovoltaic enterprises.
