2002 Establishment of Wuxi Shangji Grinder Co., Ltd.

2004 Entry into the solar industry, engaging in the manufacturing of equipment for crystalline silicon

2018 Wuxi Shangji Automation was listed on the SSE with stock code of 603185

2019 Establishment of HOYUAN New Material (Baotou) Co.,Ltd.
Start of the production of monocrystalline silicon

2020 Expansion of monocrystalline silicon production capacity to 8GW per year

2021 Expansion of monocrystalline silicon production capacity to 10GW per year

2022 Investment for metallurgical-grade silicon of 150 kilotonnes annual output
Investment for crystalline silicon of 100 kilotonnes annual output
Investment for monocrystalline silicon of 40GW annual output
Investment for PV wafer of 25GW annual output and N-type PV cell of 24GW annual output

2023 Investment for the PV module project with 16GW annual output
Building vertically-integrated PV industry chain

Power plant developer, to create a green energy industry ecosystem
Strategically provide diverse green energy industrial system solutions