IPO preparation for nearly 3 years! Photovoltaic upstart identity has already been rewritten

2026-07-20 18:14:20

Digital New Energy DataBM. Com has learned that recently, China International Finance Corporation Limited (hereinafter referred to as "CICC") issued the eleventh issue of the guidance report on the initial public offering and listing of Gaojing Solar Energy Co., Ltd.

Digital New Energy DataBM.

The content shows that the current counseling period is from April 1, 2026 to June 30, 2026.

Since the voluntary termination of the IPO in September 2023 and the re-launch of the IPO in November of the same year, Gaojing Solar has been preparing for the sprint capital market for nearly three years. Immediately after the termination of the

first round of two months to restart the second IPO

, on June 1, 2023, Gaojing Solar submitted its prospectus for initial public offering and listing on the GEM, and the company launched its first impact on a shares. At that time, Gaojing Solar planned to raise 5 billion yuan for 25 GW silicon rod and 5 GW silicon wafer production projects , R & D center construction and supplementary liquidity in Yibin, Sichuan .

IPO preparation for nearly 3 years!

After the first round of inquiry letters were issued, Gaojing Solar did not reply. Finally, three months after the inquiry letter was sent, Gaojing Solar submitted a new document to Shenzhen Stock Exchange, but it was not a reply to the inquiry letter, but a "withdrawal letter" of the IPO. On September 28,

2023, the Shenzhen Stock Exchange announced that on September 27, Gaojing Solar submitted an application to the Shenzhen Stock Exchange to revoke its application documents for listing on the GEM. Finally, the Shenzhen Stock Exchange announced the termination of the first IPO of Gaojing Solar Energy. Gaojing Solar did not publicly respond to

why it suddenly chose to retreat. Industry insiders analysis, on the one hand, may be related to policy tightening, on the other hand, may be related to the industry environment. " The current capital market environment has changed, and the value of the company is obviously underestimated.". "Also announced in September 2023 the termination of the 16 billion yuan fixed increase in At that time, a person familiar with the situation disclosed that the future does not rule out the possibility that Gaojing Solar will choose the opportunity to submit the listing plan again. Only two months after the

first IPO withdrawal , Gaojing Solar has embarked on the IPO journey again. On November 28,

2023, Gaojing Solar Energy was registered with the Guangdong Securities Regulatory Bureau for guidance. This time, the counseling institution it chose is still CICC. Retreating and sprinting

in such a short period of time raises questions about why Gaojing Solar chose to withdraw its IPO for the first time- perhaps not just because of the industry environment. Since January 10,

2024, CICC has released eleven progress reports on the guidance work of Gaojing Solar Energy.

Digital New Energy DataBM.

IPO preparation for nearly 3 years!

CICC has been guiding Gaojing Solar Energy to improve its internal control and improve its internal control level.

The latest 11th guidance report shows that relying on the previous series of guidance work, the governance structure and internal control system of Gaojing Solar Energy have been continuously optimized and improved. In the column of "the main problems and solutions that still exist at present", Gaojing Solar Energy is currently facing multiple external pressures brought about by the cyclical adjustment of the industry.

IPO preparation for nearly 3 years!

The first is the expansion of business.

At the time of the first declaration, Gaojing Solar Energy was still a pure silicon wafer enterprise. According to the prospectus in June 2021, by the end of 2022, Gaojing Solar has built 30 GW of monocrystalline silicon rods and wafers.

Today's Gaojing Solar Energy has already extended its business tentacles to the downstream links. According to the official website of Gaojing Solar, the company is currently divided into three major business sectors: monocrystalline silicon rods/wafers, photovoltaic December 22-23, 2007." The commissioning ceremony of Gaojing 16g W photovoltaic module production project was held in Huadu District, Guangzhou City, Guangdong Province. The total investment of the project is 10.9 billion yuan, of which the first phase investment is 13.

IPO preparation for nearly 3 years!

Next is the bet on BC technology. On November 29,

2024, Gaojing Solar Energy and Aixu Co., Ltd. held a signing ceremony for strategic cooperation. The two sides cooperated in the three major areas of silicon wafers, batteries and components to achieve large-scale production of BC components. This signing is also seen by the industry as the beginning of Gaojing Solar's bet on BC technology.

IPO preparation for nearly 3 years!

May 7, Gaojing Solar announced that the 3 millionth BC module in Guangzhou base was officially offline. The company said that this marked the completion of a substantial leap from capacity climbing to robust delivery of BC components.

At the same time, the company said it had become one of the only companies in the world to achieve mass production of BC full-screen components.

IPO preparation for nearly 3 years!

Gaojing Solar Energy has changed from the original "silicon wafer upstart" to a photovoltaic enterprise with coordinated development of the industrial chain.

From a market perspective, Gaojing Solar is trying to reduce its dependence on a single business. However, the capital market is more interested in solid profits.

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Correlation

Digital New Energy DataBM. Com has learned that recently, China International Finance Corporation Limited (hereinafter referred to as "CICC") issued the eleventh issue of the guidance report on the initial public offering and listing of Gaojing Solar Energy Co., Ltd.

2026-07-20 18:14:20

Half of 2026 has passed. In the first half of this year, international conflicts, artificial intelligence, space computing and other hot topics continued. Behind these hot topics, people are increasingly aware of the importance of new energy in the present and future. Affected by this, the photovoltaic sector has also become one of the key tracks in the capital market.

2026-07-06 17:47:03

On June 3, the annual "Photovoltaic Spring Festival Gala"-SNEC Conference was held in Shanghai as scheduled. As the "wind vane" of the photovoltaic industry, the exhibitors and products of SNEC exhibition have attracted much attention every year.

2026-06-03 23:09:07

With the intensive disclosure of annual reports of listed companies in 2025 and quarterly reports in 2026, the market generally focuses on the current performance profits and losses of enterprises. In addition to the performance heat, a phenomenon that can not be ignored appears simultaneously: a number of listed companies have issued announcements one after another, and their uncompensated losses have reached one third of the total paid-in equity, and the related operational and financial risks hidden behind them deserve great attention from the market.

2026-05-14 17:25:14

Overall, as of July 31, the market value of 111 photovoltaic listed companies in the statistical scope had evaporated by 61.766 billion yuan to 1.792576 trillion yuan compared with the beginning of the year. However, compared with the overall market value in June (1,633.498 billion yuan), the current PV market value has recovered.

2025-07-31 18:36:49

The amount of liabilities of seven enterprises has exceeded 50 billion yuan.

2023-12-13 18:03:14

It involves photovoltaic business, power plant projects, hydrogen energy applications and other fields.

2023-12-05 17:12:33

After five years, Xiexin New Energy is still selling power stations, but this time it is Xiexin Nengke.

2023-10-13 18:27:42

General contracting of Jijia Depot of Jinan Rail Transit Line 9 Phase I Project, including but not limited to the construction and warranty of all contents within the scope of construction project drawings and bill of quantities. See the bidding documents for details. The project is divided into two bid sections, and the bid is not successful. The first bid section is the entrance and exit line project of Jijia depot, with an estimated contract price of 65 million yuan; the second bid section is other projects of Jijia depot, with an estimated contract price of 700 million yuan.