Hangzhou First Applied

Hangzhou First Applied Material’s first-half 2026 revenue fell 12.2% year-over-year to CNY 6.99 billion, while its net profit rose sharply by 69.9% to CNY 842 million. The company operates in China’s photovoltaic (PV) inverter sector, where manufacturers report varied financial performance as energy storage solutions expand. Industry trends highlight shifting dynamics between declining inverter demand and growing adoption of battery storage systems.

Sep 2026pv magazineNews article

Hangzhou First Applied Material (FIRST) reports a tentative recovery in the polysilicon market amid rising wafer prices. The company disclosed its first-half 2026 financial results on August 20, signaling potential shifts in supply-demand dynamics for solar manufacturing inputs.

Aug 2026pv magazineNews article

Hangzhou First’s Senior Engineer Stephen Tang discusses degradation risks in TOPCon and HJT solar modules at the TaiyangNews Reliable PV Module Design Conference 2024. The presentation highlights key failure modes and optimal packaging strategies for extending module longevity. The company, with over 20 years in encapsulant and backsheet manufacturing, shares insights on improving reliability in advanced photovoltaic technologies.

Dec 2024TaiyangNewsNews article

Hangzhou First Applied Materials, a leading Chinese manufacturer of EVA and backsheet materials, reports a **4.95% year-over-year net profit increase** in H1 2024. The company’s operating income reaches **RMB 10.76 billion**, marking a **1.39% YoY growth** in revenue for the first half of the year. The results highlight strong financial performance in its core materials business amid global demand trends.

Aug 2024TaiyangNewsNews article