![]() GCL Technology Holdings GCL Technology Holdings (協鑫科技控股有限公司, formerly known as GCL-Poly Energy Holdings) is a company that develops and manufactures photovoltaic (PV) materials. | ![]() Tongwei Tongwei is a diversified company manufacturing crystalline silicon, crystalline silicon batteries, and a range of feed. | ![]() DAQO New Energy DAQO New Energy is a company manufacturing polysilicon for the solar photovoltaic industry. | ![]() East Hope Group East Hope Group (东方希望集团有限公司) is a holding company specializing in agriculture, aluminum, silicon, chemical, energy, and real estate markets. | ![]() Shin-Etsu Chemical Shin-Etsu Chemical (信越化学工業株式会社, formerly known as Shin-Etsu Nitrogen Fertilizer) is a company that manufactures and supplies chemicals, semiconductor silicon, and electronic materials. | Hemlock Semiconductor Hemlock Semiconductor (HSC) is a company that manufactures polysilicon products. | |||||
Founding Date | Founding Date 2006 | Founding Date 1982 | Founding Date 1996 | Founding Date 2007 | Founding Date 1982 | Founding Date 2008 | Founding Date 1926 | Founding Date 2006 | Founding Date 1961 | Founding Date 1914 |
Type | Type Public | Type Public | Type Public | Type Public | Type Private | Type Public | Type Public | Type Subsidiary | Type Subsidiary | Type Public |
Tags | ||||||||||
Locations | Locations Hong Kong, HK HQ Beijing, CN Nanjing, CN Suzhou, CN | Locations Chengdu Shi, CN HQ | Locations Lysaker, NO HQ Shanghai, CN Tokyo, JP Seoul, KR Taipei, TW Butte, US Moses Lake, US | Locations Shanghai, CN HQ Chongqing, CN Xinjiang, CN | Locations Shanghai, CN HQ | Locations Wulumuqi Shi, CN HQ | Locations Tokyo, JP HQ Bunbury, AU Samford Village, AU Sao Paulo, BR Dong Guan, CN Guangzhou, CN Jiaxing, CN see more | Locations Richland, US HQ Midland, US | Locations München, DE HQ Mulgrave, AU Dhaka, BD Jandira, BR Beijing, CN Guangdong, CN Guangzhou, CN see more | |
Employees | Employees 9,305 | Employees 55,724 | Employees 466 | Employees 5,765 | Employees 58 | Employees 8,077 | Employees 27,348 | Employees 4,2771% increase | Employees 7614% decrease | Employees 16,6371% increase |
Valuation ($) | Valuation ($) N/A | Valuation ($) 18.3 b | Valuation ($) 322.2 m | Valuation ($) 1.5 b | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) 73.3 b | Valuation ($) N/A | Valuation ($) N/A | Valuation ($) N/A |
Financial | ||||||||||
Revenue (est.) | Revenue (est.) ¥14.4b (FY, 2025) | Revenue (est.) ¥82.9b (FY, 2025) | Revenue (est.) $82.5m (FY, 2025) | Revenue (est.) $665.4m (FY, 2025) | Revenue (est.) N/A | Revenue (est.) ¥14.7b (FY, 2025) | Revenue (est.) ¥2.6t (FY, 2025) | Revenue (est.) $2.9b (FY, 2022) | Revenue (est.) $1b (Y, 2022) | Revenue (est.) €5.5b (FY, 2025) |
Cost of goods | Cost of goods ¥8.8b (FY, 2025) | Cost of goods ¥81.9b (FY, 2025) | Cost of goods $19.5m (FY, 2025) | Cost of goods $566.6m (FY, 2025) | Cost of goods N/A | Cost of goods ¥13.8b (FY, 2025) | Cost of goods ¥1.3t (FY, 2025) | Cost of goods N/A | Cost of goods N/A | Cost of goods €4.2b (FY, 2025) |
Gross profit | Gross profit ¥6.4b (FY, 2025) | Gross profit ¥1.8b (FY, 2025) | Gross profit $70.3m (FY, 2025) | Gross profit $105.7m (FY, 2025) | Gross profit N/A | Gross profit ¥1.2b (FY, 2025) | Gross profit ¥1.2t (FY, 2025) | Gross profit N/A | Gross profit N/A | Gross profit €1.3b (FY, 2025) |
Net income | Net income (¥2.9b) (FY, 2025) | Net income (¥10.9b) (FY, 2025) | Net income ($63.1m) (FY, 2025) | Net income ($216.1m) (FY, 2025) | Net income N/A | Net income (¥1.3b) (FY, 2025) | Net income ¥580.1b (FY, 2025) | Net income N/A | Net income N/A | Net income (€804.9m) (FY, 2025) |
Operating ⚠ | ||||||||||
Annual Polysilicon Production Volume, MT | Annual Polysilicon Production Volume, MT 60.3 k (FY, 2019) | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT 20 k (Jan, 2024) | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT N/A | Annual Polysilicon Production Volume, MT N/A |
Patents | Patents N/A | Patents N/A | Patents N/A | Patents N/A | Patents N/A | Patents N/A | Patents N/A | Patents 3.4 k (FY, 2019) | Patents N/A | Patents 4.2 k (FY, 2020) |
Patents Issued | Patents Issued 729 (FY, 2019) | Patents Issued N/A | Patents Issued N/A | Patents Issued 54 (FY, 2016) | Patents Issued N/A | Patents Issued N/A | Patents Issued N/A | Patents Issued N/A | Patents Issued N/A | Patents Issued N/A |
Patents Pending | Patents Pending N/A | Patents Pending N/A | Patents Pending N/A | Patents Pending 31 (FY, 2016) | Patents Pending N/A | Patents Pending N/A | Patents Pending N/A | Patents Pending N/A | Patents Pending N/A | Patents Pending 1.4 k (FY, 2020) |
Polysilicon Sales Volume (MT) | Polysilicon Sales Volume (MT) 38.8 k (FY, 2019) | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) 10.9 k (FY, 2016) | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) N/A | Polysilicon Sales Volume (MT) N/A |
Production Sites | Production Sites N/A | Production Sites N/A | Production Sites N/A | Production Sites N/A | Production Sites N/A | Production Sites N/A | Production Sites N/A | Production Sites 17 (FY, 2022) | Production Sites N/A | Production Sites 27 (FY, 2022) |

Tongwei is a diversified company manufacturing crystalline silicon, crystalline silicon batteries, and a range of feed.
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DAQO New Energy is a company manufacturing polysilicon for the solar photovoltaic industry.
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