What ZNSHINE PV-TECH Co. does

ZNSHINE PV-TECH Co., Ltd is a China-based photovoltaic module manufacturer founded in 1988 and active in the solar industry since 2006. Headquartered in Suqian City, Jiangsu Province, and listed on China's National Equities Exchange and Quotations (NEEQ) under stock code 838463, the company operates a 5GW+ global production capacity and supplies modules to more than 60 countries through direct enterprise sales, an Australian subsidiary covering ANZ markets, and a regional distributor network.

The company's core products are crystalline-silicon PV modules in three wafer platforms (166mm, 182mm, 210mm) spanning PERC and N-type TOPCon cell technologies in single-glass, double-glass, and bifacial configurations, with maximum module efficiency of up to 22.53% in the 210 N-type series. Differentiated offerings include patented graphene-coated glass modules, patented colored-glass BIPV modules (彩云 series), and ultra-lightweight flexible modules (轻云, 6 kg per panel, 2.99 kg/m²), as well as integrated rooftop systems, PV+BESS and PV+Hydrogen energy-storage solutions, and full-scope EPC and O&M services for utility-scale solar plants. Bankability is anchored by BloombergNEF Tier 1 status held continuously since 2013 and Wood Mackenzie listing.

ZNSHINE monetizes primarily through one-time hardware sales of solar modules to utility-scale developers (e.g., Adapture Renewables, TED Renewables, Ayana Renewable Power), commercial and industrial customers, and residential installers via distributors. EPC, O&M, and integrated energy-storage solutions add a professional-services and systems-integration revenue layer. Pricing is inquiry-based and not publicly disclosed; go-to-market combines enterprise field sales for large utility projects with channel-partner distribution and direct-to-customer motion in select regions.

Name

ZNSHINE PV-TECH Co.

Legal name

ZNSHINE PV-TECH Co.,Ltd

Website

https://znshinesolar.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

ZNSHINE PV-TECH manufactures crystalline-silicon PV modules across PERC and N-type TOPCon platforms (166–210mm), supplying 60+ countries for utility-scale, C&I, and residential solar projects, complemented by EPC services, energy storage, and BIPV specialty modules.

Ownership category

akta.pro rank

Product category

Photovoltaic Solar Modules

NAICS

Solar Electric Power Generation (221114)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA)

akta.pro secondary industries

Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK), Solar Roofing & Roof-Mounted PV Systems (IMADAFAO), Next-Gen Photovoltaics R&D (Perovskite, Tandem, Organic, BIPV Materials) (EUAMAOAA)

Keywords

• Photovoltaic solar modules
• Solar energy solutions
• Energy storage systems
• EPC project services
• Building-integrated photovoltaics

Headquarters

HQ city

Jintan

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Solar Module Sales: ZNSHINE manufactures and sells photovoltaic solar modules across 166, 182, and 210mm wafer platforms, including PERC, N-type TOPCon, bifacial, single-glass, and double-glass variants. Products are sold directly and through regional distributors to utility-scale project developers, commercial & industrial customers, and residential installers.
2. EPC Services: Engineering, Procurement, and Construction (EPC) services for complete solar power station project development, construction, and operation & maintenance (O&M). ZNSHINE functions as both a PV plant partner and investor, delivering bespoke EPC solutions.
3. Energy Storage (PV+BESS and PV+Hydrogen): Integrated energy storage solutions combining PV with Battery Energy Storage Systems (BESS) and PV with Hydrogen technology, providing complete clean energy systems.
4. Integrated Rooftop System (IRTS): Standardized rooftop distributed PV solutions including integrated rooftop solar systems, high-power tile systems, and waterproof tile systems for building-integrated applications.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

ZNSHINE PV-TECH manufactures and sells photovoltaic (PV) solar modules across 166mm, 182mm, and 210mm wafer platforms using PERC and N-type TOPCon cell technologies, with configurations including single glass, double glass, and bifacial double glass. The company also provides integrated energy storage systems (PV+BESS and PV+Hydrogen), building-integrated rooftop solutions, and full-scope EPC project services for utility-scale solar power station development, construction, and O&M.

Product overview

ZNSHINE PV-TECH Co. is a BloombergNEF Tier 1 ranked PV module manufacturer offering a comprehensive portfolio of solar products and energy solutions. The company's product lineup centers on three main solar module series (166, 182, and 210 Series) available in PERC and N-type TOPCon technologies, with configurations including single glass, double glass, and bifacial double glass. Beyond standard modules, ZNSHINE offers specialty product lines including the ZNGreen Energy Cloud series (轻云 ultra-lightweight, 逸云 lightweight reinforced, 彩云 building-integrated aesthetic modules) and Rectangular Cells modules. The company extends its offerings into energy storage through PV+BESS and PV+Hydrogen systems, provides building-integrated photovoltaics via the Integrated Rooftop System (IRTS) product line, and delivers full-scope EPC services for utility-scale solar project development, construction, and operation. The product portfolio serves utility-scale, commercial & industrial, and residential market segments across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• ZNGreen Energy Cloud: Cloud-based energy management platform for monitoring and optimizing solar PV systems
• ZXM Series
• ZXP Series

Products and services

• 166 Series PV Modules PERC-based monocrystalline and polycrystalline PV modules in 166mm cell size, available in bifacial double glass, single glass, and double glass configurations with power ranges from 265W to 420W. Designed for utility-scale, commercial, and residential solar installations.
• 182 Series PV Modules Large-size 182mm silicon wafer-based modules available in PERC and N-type TOPCon variants, including single glass, double glass, and bifacial double glass configurations with power ranges from 395W to 510W. Targeted at utility-scale and C&I solar projects.
• 210 Series PV Modules Large-size 210mm silicon wafer-based modules in PERC and N-type variants, featuring multi-busbar and half-cut cell technology with power outputs up to 700W and module efficiencies up to 22.53%. Targeted at utility-scale projects requiring highest power output per module.
• Rectangular Cells Module (ZXM Series) Multi-busbar technology modules with innovative non-destructive cutting technology, featuring lower temperature coefficient (-0.28%) for improved power generation and reduced BOS costs in large-scale solar installations.

Quantifiable outcome

• Maximum module efficiency up to 22.53% (210N-type single glass series)
• +5 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• SungrowcoreTechnology or IntegrationSungrow supplied inverters for the Cherry Valley I PV Project in Arkansas, USA. As a leading inverter manufacturer, Sungrow provides complementary power conversion technology that works with ZNSHINE's PV modules in utility-scale solar installations.
• SOLV EnergycoreImplementation/ SI/ Consulting PartnerSOLV Energy served as the Engineering, Procurement, and Construction (EPC) contractor for the Cherry Valley I PV Project in Arkansas, USA. ZNSHINE's modules are integrated into SOLV Energy's construction of the utility-scale solar power plant.
• Adapture RenewablescoreStrategic or Co-development PartnerAdapture Renewables developed the Cherry Valley I PV Project in Cherry Valley, Arkansas, USA. As the project developer, Adapture sourced ZNSHINE's modules along with other suppliers for the 185 MW DC utility-scale solar project.
• TED RenewablescoreStrategic or Co-development PartnerTED Renewables co-developed the Cherry Valley I PV Project alongside Adapture Renewables in Cherry Valley, Arkansas, USA. The project represents ZNSHINE's entry into the US utility-scale solar market.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• First Solar: Largest US-headquartered thin-film (CdTe) PV module manufacturer and major utility-scale project developer. Competes with ZNSHINE in US utility-scale procurement but via a different (thin-film) technology platform and US-based manufacturing.

Direct peers

• JinkoSolar: One of the world's largest PV module manufacturers and a fellow Chinese Tier 1 supplier with a broad utility-scale product portfolio spanning PERC, TOPCon, and bifacial modules. Direct competitor in ZNSHINE's core utility-scale module segment.
• JA Solar Technology: Leading Chinese Tier 1 PV module manufacturer with comparable wafer-size platforms (182/210mm) and N-type TOPCon product lines. Direct competitor across utility-scale, C&I, and residential segments.
• Risen Energy: Chinese Tier 1-adjacent PV module manufacturer with bifacial, half-cell, and TOPCon module offerings serving global utility-scale markets. Closely comparable mid-to-large scale Chinese module peer.
• Hanwha Q Cells: Major global PV module manufacturer (Korean-owned, with significant Chinese manufacturing) offering PERC and TOPCon modules with strong utility-scale presence. Competes directly with ZNSHINE in US, European, and Australian markets.
• Talesun Solar: Chinese PV module manufacturer with bifacial, half-cell, and large-wafer module offerings serving global utility-scale and distributed markets. Closely comparable mid-scale Chinese module peer in product breadth and target segments.
• Canadian Solar: Vertically integrated PV module and solar power project developer with global utility-scale presence and energy storage offerings. Directly comparable on module supply, EPC, and project development business model.
• LONGi Green Energy: Vertically integrated Chinese solar manufacturer spanning silicon wafers to modules, with leadership in monocrystalline and emerging HPBC cell technologies. Competes with ZNSHINE in both supply and technology leadership.
• Trina Solar: Global Chinese Tier 1 PV module manufacturer with vertically integrated wafer-to-system capabilities and strong utility-scale presence. Competes head-to-head with ZNSHINE in N-type TOPCon modules and project supply.
• Seraphim Solar: Chinese PV module manufacturer with bifacial half-cell and TOPCon module products serving global utility-scale and C&I markets. Comparable mid-tier Chinese module peer with similar global distribution footprint.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/znshines
• Facebookfacebook.com/ZNSHINE
• LinkedInlinkedin.com/company/znshinesolar

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ZNSHINE PV-TECH Co.