Recently, the " China Photovoltaic Module Shipment TOP10 in the First Half of 2025" produced by the Digital New Energy DataBM. Com came out. The total shipments of the top 10 PV module companies reached 248 GW in the first half of the year, an increase of 7% over the same period last year. In the
first half of the year, Jingke Energy continued to rank first in the country with 41.84 GW of component shipments, and the cumulative global shipments of the company's components reached about 350 GW (of which the N-type TigerNeo series reached 200 GW). The total revenue of component business reached 30.1 billion yuan.
Longji Green Energy achieved 39.57 GW of module shipments, ranking second, an increase of 26.26% over the same period last year. BC module shipments are outstanding. The company's monthly BC output is about 2.5g W and is expected to increase month by month in the future. As the average unit price of BC modules is higher than that of TopCon modules. Longji photovoltaic module business revenue has ranked first, reaching 30.68 billion yuan.
Jingao Technology ranked third, with component business revenue of 21.78 billion yuan. Trina Solar ranked fourth, with component business revenue of 20.08 billion yuan. The
four major PV module shipments all exceeded 30GW, totaling 147.2GW, accounting for 66.85% of TOP10. Tongwei shares ranked fifth, and Tongwei Solar Energy, a subsidiary of component business, realized business income of 13.215 billion yuan.
Figure 1: Module shipments
of TOP10 PV enterprises in the first half of 2025 Source: Digital New Energy DataBM. Com
JA, TRW, Jinko Shipments shrank year-on-year. Compared
with the same period last year, the shipments of photovoltaic modules of TOP10 enterprises showed a certain differentiation. Among them, the shipments of photovoltaic modules of Jingao Technology, Trina Solar Energy and Jingke Energy declined by 11%, 5.88% and 4.77% respectively. The sharp decline
of Jingao Technology was mainly due to the sharp decline of 24% in overseas shipments and the impact of trade policies on overseas exports. The company lost 2.58 billion yuan in the first half of the year, and the loss increased significantly year on year. Shipments
of Yingli Energy and Yidao New Energy Components increased significantly, with a growth rate of more than 50%, and frequently won large orders in the domestic component market. The growth rate of Xiexin Integration, Tongwei Stock and Longji Green Energy is between 25% and 35%, maintaining strong growth, while the growth rate of Zhengtai Xinneng and Atlas Components is relatively low.
Figure 2: Module shipment growth rate
of TOP10 PV enterprise Data source: Digital New Energy DataBM. Com
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