(I) Company Profile

Shanghai Electric Hency Solar Technology Co., Ltd.is a wholly-owned subsidiary of Shanghai Electric Group, founded in 2023. As a global solar technology company, we are dedicated to providing the world with efficient and clean solar products, as well as one-stop system solutions. Positioned as the Group’s second growth pillar in the new energy sector, the company is strategically advancing next-generation cell technologies, focusing on high-efficiency heterojunction (HJT) photovoltaic cells and modules. We offer a diverse portfolio of PV module products tailored for distributed generation, ground-mounted power stations, and other application scenarios, supporting Shanghai Electric Group in building a comprehensive green energy ecosystem.

Mission – Build a low-carbon future with green technology powered by light.

Values – Persist in innovation, drive low-carbon transformation, act with dedication, and achieve success for our customers.

Vision – To become a world-class provider of efficient, clean solar products and one-stop system solutions.

(II) Team Overview

In its initial phase, the company has assembled a team of over 240 core technical professionals. We are committed to strengthening our talent pool and rapidly building a specialized, high-caliber team to ensure sustainable development.

(III) Core Business

In the initial phase of production, our product portfolio focuses on HJT high-efficiency cells, positioning us at the forefront of emerging PV technologies. We independently master core technologies and offer a range of high-efficiency N-type modules, providing differentiated and comprehensive system solutions tailored to the specific needs of our customers.

Shanghai Electric Hexin PV’s product strategy follows a "1+2+N" structure:

·       1 type of high-efficiency cell: The "Creator 1.0 Series" HJT cell.

·       2 types of high-efficiency modules: The "Creator 1.0 Series" high-efficiency HJT module and the "Pioneer 2.0 Series" high-efficiency TOPCon module.

·       N types of specialized application modules: The "Boundless Series" anti-dust module and the "Thinker Series" smart module.

We provide differentiated and comprehensive system solutions to address the unique requirements of various customers.

(IV) Product Advantages

The Creator 1.0 Series modules utilize advanced high-efficiency packaging technology to encapsulate Shanghai Electric’s high-efficiency HJT cells into bifacial dual-glass PV modules. These modules are characterized by their eco-friendliness, high power output, reduced land use, and low levelized cost of energy (LCOE). The first product in this series has already achieved industry-leading performance.

Compared to conventional N-type modules, our modules offer:

·       Lower degradation: First-year degradation ≤1%, with an annual degradation rate of -0.34%.

·       Industry-leading low-temperature coefficient: Temperature coefficient of -0.26%/°C.

·       High bifaciality and power generation gain: Bifaciality >85%.

This series is suitable not only for traditional centralized energy applications such as ground-mounted power plants and commercial rooftop installations but also excels in decentralized energy scenarios, including residential rooftop systems, solar-powered vehicles, and consumer PV products. It delivers high efficiency and low cost while enhancing the user experience.

(V) PV System Solutions

Our business scope encompasses project development, project financing, engineering design, construction, and operation & maintenance. Through system-based solutions, we are building a "Leading Carbon" ecosystem with "PV+" solutions covering 20 full-scale scenarios. Leveraging our strong technical expertise and manufacturing capabilities in high-end energy equipment and system integration, we provide customized, value-added turnkey solutions for different types of clients, supporting the development of PV module applications across diverse scenarios.