December 19, 2025, Beijing News
Beijing Guanghe Qiancheng Technology Co., Ltd. (hereinafter referred to as "Guanghe Qiancheng"), an industry level platform jointly initiated by nine major silicon material enterprises including Tongwei Co., Ltd. and Xiexin Technology, has recently been officially registered and established in Chaoyang District, Beijing. The registered capital of this platform is 3 billion yuan, aiming to break the long-standing low price competition dilemma in the photovoltaic industry and promote sustainable development of the entire industry chain through technological upgrades, market expansion, and capacity optimization.


Led by top enterprises and deeply involved by industry associations
The shareholder structure of Guanghe Qiancheng highlights the determination to integrate the industry: Tongwei Shares ranks as the largest shareholder with a shareholding ratio of 30.35%, followed closely by GCL Technology, Oriental Hope, and Daquan Energy, with the top five shareholders holding a total of over 70% of the shares. It is worth noting that the China Photovoltaic Industry Association provides policy guidance and multi-party coordination support to the platform through its wholly-owned subsidiary Beijing Zhongguang Tonghe Energy Technology Co., Ltd.


Integrating production capacity and formulating rules simultaneously
Faced with the industrial pattern where domestic polycrystalline silicon production capacity accounts for 95% of the world's total and the top five enterprises have a market share of nearly 80%, Guanghe Qiancheng plans to leverage inefficient production capacity through a "debt based" acquisition model with billions of funds to clear it. The platform plans to establish industry rules such as reasonable ranges for polysilicon sales prices and total storage targets, and rely on the futures market to hedge price volatility risks. Data shows that the average price of domestic N-type polycrystalline silicon compound feeding in 2025 has increased by 28% compared to the beginning of the year, and the market's expectations for capacity integration continue to rise.


Capital market reaction differentiation, long-term value recognized
After the announcement of the platform's establishment on December 9th, the stock prices of shareholders such as Tongwei Co., Ltd. and GCL Technology briefly rose and then fell back, while the polycrystalline silicon futures contracts all rose by more than 1%, indicating that funds have a long-term positive judgment on industry integration. Zhu Gongshan, Chairman of GCL Group, previously revealed that 17 companies have reached integration intentions and are expected to complete the first round of capacity optimization by 2026.


Parallel technological collaboration and green transformation
The platform will collaborate with shareholder enterprises to tackle low-carbon production technologies such as granular silicon and silane fluidized bed method, promoting a 15% reduction in energy consumption per unit capacity. Meanwhile, by sharing sales channels and logistics networks, the operating costs of small and medium-sized enterprises can be reduced. The establishment of Guanghe Qiancheng marks the shift of China's photovoltaic industry from scale competition to quality competition, and is expected to consolidate its global leading position, "said Liu Hanyuan, Chairman of Tongwei Corporation


Industry insiders analyze that as the operational rules of Guanghe Qiancheng are gradually implemented, the photovoltaic industry will usher in a new round of reshuffling in 2026, with resources concentrated towards technology and cost advantage enterprises. The synergy effect of the industrial chain may become the core driving force for the next stage of competition.