On May 17, Xiexin Science and Technology announced a comprehensive strategic transformation, the core goal of the company's strategy will shift from " single champion of granular silicon " to "global multi-product new energy material platform", and establish a multi-product matrix with "silicon, lithium and carbon" as the core. Implementing the strategy of "one body, two wings" and international expansion, we are committed to building a high-value industrial chain covering upstream resource integration, advanced material manufacturing, industry standard formulation and forward-looking technology closed-loop. One reason for the
transformation is the lack of anti-cyclical ability of a single business under the deep cyclical adjustment of the photovoltaic industry, and the other is that the technology and talents accumulated by the company in the field of silicon-based materials have the conditions to extend to lithium batteries and cutting-edge materials.
This transformation takes physical iron red lithium iron phosphate as the core growth engine, silicon carbon anode as the second curve, and promotes the landing of overseas production capacity. At present, as the first large-scale carrier of the strategy, Xiexin Xinneng Project in Leshan, Sichuan, has built 200000 tons of lithium iron phosphate production capacity and entered the stage of production and commissioning.
In addition, there is also a performance loss catalyst behind the transformation-revenue of 14.42 billion yuan in 2025 fell 4.46% year-on-year, net loss of 2.868 billion yuan, and cumulative loss of 7.618 billion yuan from 2024 to 2025; At present, the price of silicon materials is still at a low level, and the average price of granular silicon is 34300 yuan/ton, which has been grinding for several weeks.
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