Shenzhen Topray Solar
- Company typePublic
- Founded2002
- HeadquartersShenzhen, China
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Shenzhen Topray Solar does
Shenzhen Topray Solar (Shenzhen Topray New Energy Technology Co., Ltd.; SZSE: 002218) is a vertically integrated Chinese photovoltaic manufacturer founded on August 15, 2002, and listed on the Shenzhen Stock Exchange on February 28, 2008, as the first pure A-share pure-solar company in the domestic market. Its product portfolio spans solar cells (amorphous, monocrystalline, and polycrystalline silicon), grid-connected and off-grid PV modules, PV glass and EVA encapsulant, battery energy storage systems (residential 1KWh–16KWh, stack-mounted 5KWh–20KWh, and C&I outdoor cabinet 261KWh–5MWh including liquid-cooled variants), solar consumer products (trickle chargers, home lighting, solar water/air heaters, flexible panels, solar blankets), mounting structures, and EPC services for utility-scale and distributed PV power stations. The company operates six production bases across five Chinese provinces and wholly-owned subsidiaries in Germany, the USA, and Uganda, exporting to 81 countries with retail distribution through 38 multinational chains including WAL-MART, HOMEDEPOT, K-MART, CANADIAN TIRE, and CENTRAL PURCHASING.
The underlying technology rests on self-developed solar cell and module manufacturing equipment, industry-leading PV glass at 94.5% light transmittance, space-grade monocrystalline cells flown on the Kaiwo-1 satellite in 2015, and 664+ authorized patents supporting a full-industry-chain model from silicon ingots and wafers through cells, glass, EVA, modules, energy storage, and power station integration. Business model revenue is generated through hardware sales (modules, glass, raw materials, consumer products) and professional services (EPC and power station investment/operation). GTM is sales-led and hybrid: domestic sales of modules, PV glass, and auxiliary materials via a self-operated 1688.com solar mall and direct sales; overseas focus on Belt and Road markets with polycrystalline modules; and US operations constrained to civilian solar consumer products to avoid restrictions on core module categories. Cumulative PV power station capacity exceeds 530MW across Shaanxi, Xinjiang, and Qinghai, and the company has executed 200MW of solar poverty alleviation projects serving nearly 8,000 households.
Shenzhen Topray Solar firmographics
Firmographics- Name
- Shenzhen Topray Solar
- Legal name
- 深圳市拓日新能源科技股份有限公司 (Shenzhen Topray Solar Co., Ltd.)
- Website
- https://topraysolar.com
- Company type
- Public
- Founded year
- 2002
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Shenzhen Topray Solar industry classification
Industry- Product category
- Solar Photovoltaic Equipment Manufacturing
- NAICS
- Solar Electric Power Generation (221114), Semiconductor and Related Device Manufacturing (334413)
- SIC
- Semiconductors & Related Devices (3674), Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)
- akta.pro secondary industries
- Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film) (EUAMAHAA), Solar EPC & Construction (Utility-Scale, Rooftop, Balance of System) (EUAMABAB), Solar Plant Components Supply & Manufacturing (Modules, Cells, Wafers, Mirrors, Heliostats) (EUACAGAK)
Keywords
Where Shenzhen Topray Solar is headquartered
LocationHeadquarters
- HQ city
- Shenzhen
- HQ country
- China
- HQ region
- Asia
Offices10 records
Markets served
Shenzhen Topray Solar business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Solar Module Manufacturing and Sales: Manufacturing and sales of grid-connected, off-grid, monocrystalline and polycrystalline solar modules as core revenue stream.
- Solar Glass and Auxiliary Materials: Production and sales of PV glass and EVA materials, which have higher gross margins and have been a focus of recent business布局.
- PV Power Station Development and Operation: Investment, construction and operation of PV power stations with accumulated installed capacity exceeding 530MW in Shaanxi, Xinjiang, Qinghai and other regions. Also includes EPC services.
- Solar Consumer Products: Solar consumer products including solar chargers, solar home lighting systems, solar water heaters, flexible panels and solar blankets for residential and outdoor applications.
- PV Raw Materials: Sales of PV module raw materials including junction boxes, polysilicon wafers, monocrystalline wafers, polysilicon ingots, and monocrystalline ingots.
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Shenzhen Topray Solar product offering
Product offeringCore offering
Shenzhen Topray Solar is a vertically integrated photovoltaic manufacturer that designs, produces, and sells solar cells (amorphous, monocrystalline, and polycrystalline silicon), PV modules, PV glass, EVA encapsulant materials, battery energy storage systems, and solar consumer products such as chargers, lighting, and portable panels. The company also provides EPC services and invests in, constructs, and operates photovoltaic power stations, with cumulative installed capacity exceeding 530MW.
Product overview
Shenzhen Topray Solar is a vertically integrated photovoltaic (PV) company offering a comprehensive solar energy product portfolio. The company operates as a pure A-share listed solar enterprise (stock code 002218.SZ) established in 2002. Their vertical integration model covers the entire solar value chain from raw materials (silicon wafers, silicon cells, junction boxes) through solar glass, EVA materials, PV modules (monocrystalline and polycrystalline), energy storage systems (residential 1-20KWh and commercial/industrial 261KWh-5MWh), and solar consumer products (chargers, lighting, air heaters). The company also provides EPC services for large-scale ground-mounted and distributed photovoltaic power stations. Their products are sold under the TOPRAY Solar brand and distributed globally to 81 countries.
Differentiator
Problem solved
Functional benefit
Products and services
- Battery Energy Storage Systems Energy storage systems including residential 1KWh and 16KWh home systems, plus commercial/industrial outdoor cabinet solutions ranging from 261KWh to 5MWh, featuring liquid-cooling thermal management for C&I applications.
- Grid-connected Solar Modules Grid-connected photovoltaic modules available in monocrystalline and polycrystalline variants, including 60-cell and 72-cell configurations, full-cell and half-cell, single-glass and double-glass, in regular and all-black aesthetics.
- Off-grid Solar Modules Off-grid solar modules including standard components, flexible panels using ETFE flexible crystalline silicon technology (50W, 100W, 150W outputs for curved surfaces on RVs and boats), solar blankets, and folding panels for portable and remote power applications.
- Solar Consumer Products Consumer-oriented solar products including the TPS-TC-III solar trickle charger for vehicles (motorcycles, cars, trucks, RVs, boats) with interchangeable connectors, solar home lighting systems, solar air heaters, solar fountains, and flexible panels.
- Photovoltaic Glass Solar glass products including ultra-high transmittance (94.5%), textured, and rolled finishes available in raw, tempered, and coated varieties with thicknesses of 2.0mm to 4.0mm and maximum dimensions up to 1298 x 2500mm.
- Photovoltaic Module Raw Materials
- EPC Services for Photovoltaic Power Stations Engineering, Procurement, and Construction services for photovoltaic power stations, including large-scale ground-mounted solar farms (such as Shaanxi Dingbian 110MW) and distributed photovoltaic systems.
- Solar Mounting Systems
- Solar Thermal Collectors and Water Heating Systems
Quantifiable outcome
- 530MW+ cumulative PV power station capacity installed and operated
- +3 more outcomes
Companies that use Shenzhen Topray Solar
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Shenzhen Topray Solar technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Shenzhen Topray Solar partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered minor.
- Peking UniversityminorIndustry-academia-research partnership for joint research and development in solar technology. This is one of the main research partners for Topray Solar's collaborative R&D projects.
- Nankai UniversityminorIndustry-academia-research partnership for joint research and development in solar technology. Main research partners for Topray Solar's collaborative R&D projects.
- Shenzhen UniversityminorIndustry-academia-research partnership for joint research and development in solar technology. Main research partners for Topray Solar's collaborative R&D projects.
Scale indicators9 records
Recent moves13 records
Expansion highlights5 records
Shenzhen Topray Solar competitors and assessment
Company assessmentDirect peers
- Talesun Solar: Mid-tier Chinese PV module and cell manufacturer with international sales network. Closely comparable in scale, product mix and export orientation.
- JA Solar: Vertically integrated Chinese PV cell and module manufacturer with global shipments. Closely comparable in module/cell production and overseas channel strategy.
- Risen Energy: Chinese PV module manufacturer with global distribution and utility-scale project development. Comparable scale and overseas footprint to Topray.
- Trina Solar: Top-tier global PV module manufacturer with vertically integrated wafer-to-module production and growing energy storage business. Closely comparable product portfolio and scale.
- Canadian Solar: Vertically integrated solar module manufacturer with significant project development arm. Comparable in module sales to 80+ countries and utility-scale EPC operations.
- JinkoSolar: One of the world's largest PV module manufacturers with strong international distribution. Comparable as a Chinese vertically integrated module/cell exporter serving 80+ countries.
- Yingli Energy (Yingli Green Energy): Chinese vertically integrated PV module manufacturer with historic global retail presence. Comparable in product scope and export-driven model.
- LONGi Green Energy: World's largest monocrystalline silicon wafer and module manufacturer. Directly comparable as a vertically integrated Chinese PV module and cell maker with global distribution.
Broad incumbents
- First Solar: Largest Western thin-film PV module manufacturer and utility-scale project developer. Comparable in solar power generation and EPC services, though not in cell technology.
Emerging players
- Sungrow Power Supply: Global leader in solar inverters and rapidly growing energy storage systems provider. Comparable as Topray expands its ESS business into commercial and residential segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Shenzhen Topray Solar social profiles
Digital presenceShenzhen Topray Solar financial estimates
Financial estimateRevenue estimate
Valuation estimate
Shenzhen Topray Solar leadership team
Management profileNumber of profiles
Profiles9 records
Shenzhen Topray Solar subsidiaries and ownership
Company hierarchySubsidiaries9 records
Shenzhen Topray Solar funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Shenzhen Topray Solar M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Shenzhen Topray Solar
What does Shenzhen Topray Solar do?
Shenzhen Topray Solar is a vertically integrated photovoltaic manufacturer that designs, produces, and sells solar cells (amorphous, monocrystalline, and polycrystalline silicon), PV modules, PV glass, EVA encapsulant materials, battery energy storage systems, and solar consumer products such as chargers, lighting, and portable panels. The company also provides EPC services and invests in, constructs, and operates photovoltaic power stations, with cumulative installed capacity exceeding 530MW.
Is Shenzhen Topray Solar a public or private company?
Shenzhen Topray Solar is a public company. It is classified as public and is currently operating.
When was Shenzhen Topray Solar founded?
Shenzhen Topray Solar was founded in 2002. It employs 1,001 to 5,000 people.
Where is Shenzhen Topray Solar based?
Shenzhen Topray Solar is headquartered in Shenzhen, China, in the Asia region.
How does Shenzhen Topray Solar make money?
Five revenue lines are on record. Solar Module Manufacturing and Sales are the primary driver. The others are solar Glass and Auxiliary Materials, PV Power Station Development and Operation, solar Consumer Products and PV Raw Materials.
Who are Shenzhen Topray Solar's main competitors?
Direct peers on record are Talesun Solar, JA Solar, Risen Energy, Trina Solar, Canadian Solar, JinkoSolar, Yingli Energy (Yingli Green Energy) and LONGi Green Energy. First Solar is listed as a broad incumbent. Sungrow Power Supply is listed as an emerging player.
Does Shenzhen Topray Solar have an API?
No public API is recorded for Shenzhen Topray Solar.
What industry is Shenzhen Topray Solar in?
Shenzhen Topray Solar's product category is Solar Photovoltaic Equipment Manufacturing. Its primary akta.pro industry code is EUAMABAD, Solar PV Module Manufacturing (Cells, Modules, Thin-Film), with a secondary code of EUAMAHAA, Solar PV Module & Cell Manufacturing (Crystalline, Thin-Film). Its NAICS code is 221114 and its SIC code is 3674.