Jetion Holdings Limited ( zh, t=中建材浚鑫科技有限公司;

AIM AIM or Aim may refer to: Computing * AIM alliance, an Apple-IBM-Motorola alliance * AIM (software), AOL Instant Messenger * Fortyfive, a Japanese software development company previously known as AIM Military * Abrams Integrated Management, an ...

: JHL) is a designer, manufacturer and supplier of

solar cell A solar cell, also known as a photovoltaic cell (PV cell), is an electronic device that converts the energy of light directly into electricity by means of the photovoltaic effect.

s and

modules Module, modular and modularity may refer to the concept of modularity. They may also refer to: Computer science and engineering * Modular design, the engineering discipline of designing complex devices using separately designed sub-components ...

. The holdings holds the factory Jiangyin Jetion Science and Technology Co Ltd which is located at Jiangyin (a county-level city of

Wuxi Wuxi ( zh, s=无锡, p=Wúxī, ) is a city in southern Jiangsu, China. As of the 2024 census, it had a population of 7,495,000. The city lies in the southern Yangtze delta and borders Lake Tai. Notable landmarks include Lihu Park, the Mt. Lings ...

Jiangsu Jiangsu is a coastal Provinces of the People's Republic of China, province in East China. It is one of the leading provinces in finance, education, technology, and tourism, with its capital in Nanjing. Jiangsu is the List of Chinese administra ...

China China, officially the People's Republic of China (PRC), is a country in East Asia. With population of China, a population exceeding 1.4 billion, it is the list of countries by population (United Nations), second-most populous country after ...

. During the year ended 2007, the company had a cell manufacturing capacity of 50 megawatts, and a module capacity of 40 megawatts. The company's output of solar cells for 2007 was 35.2 megawatts. In October 2007, it established a European

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

, Jetion Europe. In March 2008, Jetion announced that it had entered into an agreement with a

Japan Japan is an island country in East Asia. Located in the Pacific Ocean off the northeast coast of the Asia, Asian mainland, it is bordered on the west by the Sea of Japan and extends from the Sea of Okhotsk in the north to the East China Sea ...

ese company to purchase 100 megawatts of solar

polycrystalline silicon Polycrystalline silicon, or multicrystalline silicon, also called polysilicon, poly-Si, or mc-Si, is a high purity, polycrystalline form of silicon, used as a raw material by the solar photovoltaic and electronics industry. Polysilicon is produc ...

feedstock A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials/Intermediate goods that are feedstock for future finishe ...

with immediate effect through until 2011.

History

Jetion listed on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market, Unlisted Securities Market (USM) that had been in opera ...

in 2007. The "Deloitte Technology Fast 500 Asia-Pacific", which identifies the most rapidly expanding businesses in the

Asia–Pacific The Asia–Pacific (APAC) also Known as Indo-Pacific is the region of the world adjoining the western Pacific Ocean. The region's precise boundaries vary depending on context, but countries and territories in Australasia, East Asia, and Southea ...

, listed Jetion as number two in 2008. Robert Linsday of ''

The Times ''The Times'' is a British Newspaper#Daily, daily Newspaper#National, national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its modern name on 1 January 1788. ''The Times'' and its si ...

'' in 2008 attributed Jetion's stock market "slump" to "a perception that it has not communicated well enough with the market". Spain is a significant market for the company. In 2009, Jetion fired its CEO and three members of its leadership team, citing "breaches of their service contracts and fiduciary duties". Comparing Jetion to Bodisen Biotech, the

Nomura Securities is a Japanese financial services company and a wholly owned subsidiary of Nomura Holdings, Inc. (NHI), which forms part of the Nomura Group. It plays a central role in the securities business, the group's core business. Nomura is a financial ...

analyst John-Marc Bunce stated that this action was "likely to have a sentimental knock-on effect on other foreign-listed Chinese companies".

Finance

For the six months ended 30 June 2008, Jetion Holdings Limited's revenues totaled $100.7M, up from $38.6M. Net income totaled $9.7M, up from $2.8M. Revenues reflect an increase in income from cells and modules segment. Net income reflects the presence of other income, lower research & development expenses, increased finance income and the presence of share of profits less losses of joint controlled entity.

References

External links

Official website
{{Wuxi Companies based in Wuxi Jiangyin Photovoltaics manufacturers Technology companies of China Manufacturing companies of China Solar power in China Chinese brands