HK Stock Market Move | Triumph New Energy (01108) rose nearly 3%. Its subsidiary Zigong New Energy plans to invest in the construction of a 2000t/d photovoltaic component ultra-thin packaging material project.

Triumph New Energy (01108) rose nearly 3% and, as of the time of writing, was up 1.92% to HKD 4.24, with a trading volume of HKD 5.93 million. On the news front, Triumph New Energy announced that on June 27, 2025, the board of directors approved the construction of a 2000t/d thin-film encapsulation material project for photovoltaic components by a non-wholly owned subsidiary of the company, Zigong New Energy, for use in the group's daily business. The project construction includes the establishment of a 2000t/d ultra-clear photovoltaic rolling glass production line, eight thin-film encapsulation material production lines for photovoltaic components, and other supporting facilities, with a total investment of approximately RMB 1.399 billion. On June 27, 2025, the board also approved the company and Zigong Jinma to inject a total of RMB 500 million into Zigong New Energy through cash injection in accordance with their respective equity proportions in Zigong New Energy's non-wholly owned subsidiary. The company and Zigong Jinma will inject RMB 300 million and RMB 200 million respectively, for the construction of the project. After the capital increase, the registered capital of Zigong New Energy will increase from RMB 500 million to RMB 1 billion, and the equity proportions of the company and Zigong Jinma in Zigong New Energy will remain unchanged at 60% and 40% respectively.