On May 17, Xiexin Technologies issued an announcement on the overall strategic transformation plan of the Group.
The announcement shows that Xiexin Science and Technology has decided to transform its core strategic objectives from "single champion of granular silicon" to "global multi-product new energy material platform" , and to establish " silicon, lithium and carbon " as the core. It extends to the multi-product matrix of new energy frontier materials, implements the strategy of " one body, two wings " and international industrial expansion, and is committed to building a high-value industrial chain covering upstream resource integration, advanced material manufacturing, industry standard formulation and forward-looking technology closed-loop.
of the photovoltaic industry, the anti-cyclical volatility of a single business and a single product has been insufficient . On the other hand, relying on the engineering iteration system, high-purity purification technology and professional material talents accumulated in the field of silicon-based materials, Xiexin Science and Technology has the mature conditions for strategic extension to the field of lithium batteries and frontier materials.
In this transformation, Xiexin Technologies will build physical iron red lithium iron phosphate (LFP) as the core growth engine, build the second growth curve of silicon carbon anode business, and promote overseas production capacity and market landing. At this time
, Xiexin Technologies announced its strategic transformation, which may also accelerate the catalytic effect of performance losses.
Data show that in 2025, the total revenue of Xiexin technology was 14 billion 420 million yuan, down 4.46% year on year; Net profit loss of 2.868 billion yuan, a year-on-year decrease of 39.
Although the performance of GCL Technology in 2025 has improved compared with 2024, the overall company is still in the quagmire of declining revenue and profit loss . According to the statistics of Digital New Energy DataBM. Com, from 2024 to 2025, GCL Technology has accumulated a loss of 76.
However, from the perspective of the photovoltaic industry market, the price of silicon materials is still at a low level. And may continue for some time yet. On May 13, the Silicon Branch released the price of silicon materials, and the current average transaction price of granular silicon is 3.
In the past two years, the industry environment has changed dramatically, and many photovoltaic enterprises are looking for new ways out. With the help of the policy, the energy storage industry has become a new target for photovoltaic enterprises.
According to the Digital New Energy DataBM. Com, Xiexin Technology has already been laid out in 2022.". On August 6,
2022, Sichuan Xiexin Lithium Electricity Technology Co., Ltd. signed a contract with Renshou Jingkai District, Meishan City, Sichuan Province to invest 5 billion yuan to build a project with an annual output of 360,000 tons of lithium iron phosphate cathode materials, which will be completed in three phases. Among them, 120000 tons of lithium iron phosphate cathode material production line was built in the first phase of the project, which was put into operation in July 2023.
According to industry media reports in October 2025, Huang Mengchu, deputy general manager of Xiexin Lithium Power, revealed that Xiexin has also planned 150000 tons of production capacity in Leshan, Sichuan.
According to Digital New Energy DataBM. At present, the Xinneng Project in Leshan, Sichuan has built a production capacity of 200,000 tons of lithium iron phosphate and entered the stage of production and commissioning.
September 16, Xiexin Technologies announced that it would issue 4.736 billion additional shares to Infini Capital, an internationally renowned investment institution with the background of the Middle East Sovereign Fund, to raise funds
. Xiexin Technologies said it would reserve funds for supply-side structural reform to promote structural adjustment of polysilicon production capacity; Strengthen the second curve , complete overseas substitution with the world's largest production capacity and output of silane gas, build a new growth pole of GCL with silane gas, and optimize the company's capital structure.
In addition, in terms of overseas production capacity and landing, in early January this year, Xiexin Technologies announced that it would enter into a subscription agreement for convertible bonds issued to CPICIM AI Computing Power SP with a total amount not exceeding HK $1.17 billion. The estimate involves 7.
For the proceeds from the issuance of convertible bonds, GCL Technology said it would be used as an investment and merger and acquisition fund .
According to media reports at the time, the fund will focus on the new energy market in the United States, focusing on the upgrading of granular silicon production capacity, the application of silane gas and perovskite June 3, 2007." GCL announced its intention to establish an integrated silicon ecosystem of global and regional importance in the UAE. The project is regarded as the first overseas granular silicon project of Xiexin Science and Technology.
For the above-mentioned "overall strategic transformation plan", Xiexin Science and Technology said that this marks that Xiexin Group has formally entered a new stage of material diversification, high added value and globalization.
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