BEIJING, Aug. 14 (Xinhua) -- Jiangsu Huantai Group, a solar photovoltaic silicon chip maker located in Yangzhong, Jiangsu Province, raked in 129 million yuan of profits in 2018 with a 20 percent rise in output and sales, despite weakening market demand caused by China's policy of abolishing subsidy to PV power generation.
The policy, jointly released by National Development and Reform Commission, Ministry of Finance and National Energy Administration on May 31, 2018, caused a round of industry integration in the past year.
After the implementation of the policy, China's newly installed photovoltaic power generation capacity reached 43 GW in 2018, decreasing 18 percent year on year.
Contrary to the downward trend, the PV products of Huantai Group remain in short supply, according to Wang Lubao, founder and chairman of the group.
Huantai Group attributes its steady and sustainable growth to the core competiveness created in 16 years and its intelligence in strategic layout and business development.
In business layout, Huantai Group is taking full use of comparative advantages of various regions. In Yangzhong, with rich technology and human resources, the group conducts mono-crystalline and polycrystalline slicing business; in Baotou, with low cost such as electric power, the group conducts mono-crystalline rod and polycrystalline casting ingot business.
In business development, the group is focusing on both domestic and overseas markets and promoting the development of mono-crystalline and polycrystalline products.
Huantai Group, established in 1988 and headquartered in Yangzhong of east China's Jiangsu Province, has established six core enterprises including three high-tech enterprises and two major manufacturing bases in China. (Edited by Tong Wei,tongwei@xinhua.org)
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