Daqo and Longi report that lower polysilicon prices have affected their earnings. Aiko Solar, meanwhile, has announced a 120% year-on-year increase in its net results for the first half, with shipments reaching 18.7 GW.

August 4, 2023Vincent Shaw and Valerie Thompson

Aiko Solar has achieved a first-half turnover of CNY 16.48 billion, with a year-on-year increase of 3.09%. Its net profit attributable to shareholders hit CNY 1.31 billion, up 120% from the same period a year earlier. Solar cell and module shipments for the first six months of the year totaled 18.7 GW.

TCL Zhonghuan is seeking to raise CNY 13.8 billion by issuing convertible bonds. It says it will use the funds to expand the capacity of its wafer factory to 35 GW and its TOPCon module manufacturing facility to 25 GW.

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