Xinjiang Technology (03800.HK) plans to implement a comprehensive and in-depth strategic transformation and upgrade towards achieving a "globalized multi-product new energy materials platform" for a leapfrog transformation.

China Fortune Financial News APP, Xin, Xin Xin Technology (03800.HK) announced that after twenty years of deep industry cultivation and continuous investment in scientific research and development, the group has built a core technology, product, and market advantage based on fluidized bed reactor (FBR) granular silicon and new generation perovskite. Facing the structural opportunities brought by the global new energy power and energy storage market entering the terawatt-hour (TWh) era, as well as the deep cyclical adjustment of the photovoltaic industry, the insufficient ability of single industry, single product to resist cyclical fluctuations has become apparent. The company, relying on its systematic capabilities in the field of silicon-based materials, such as its engineering iterative system, high purity purification technology, and professional material talents, has mature conditions for strategic extension into the lithium battery and cutting-edge materials fields. The company has decided to implement a comprehensive and in-depth strategic transformation and upgrade.