Tongwei Group Chairman Liu Shuqi: The photovoltaic industry still has a vast ocean of opportunities.

On the afternoon of May 20th, 2024, the annual shareholder meeting of Tongwei Group was held in Chengdu. The company's chairman, Liu Shuqi, stated at the meeting that looking back on the past, both the photovoltaic and feed industries have faced different degrees of challenges. Due to the impact of temporary supply and demand imbalances, competition has further intensified, leading to industry-wide adjustments. The company also experienced its first loss since its establishment. She also stated that behind the pressure, the company has always maintained its strategic focus, improved quality and reduced costs, explored innovation, actively managed risks, and operated steadily. The company achieved counter-cyclical growth in aquaculture feed and continued to consolidate its core competitiveness in the photovoltaic industry. In her view, every industry will experience cyclical fluctuations, but the global transition to clean energy and the vision of achieving dual carbon goals will not change. The important strategic position of photovoltaics in energy transition will also not change. "With the increasing demand for green content in global economic development, the continuous improvement of photovoltaic energy storage integration, the photovoltaic industry still holds a promising future for us to look forward to." She stated that the company has firm confidence in the development space of the industry and its own competitive advantages.