In the third quarter of this year, the unaudited profit of Xuxin Technology Photovoltaic Materials Business Division was approximately RMB 921 million, the production of granular silicon was approximately 53,607 tons, and the shipment was approximately 67,607 tons (including internal sales of approximately 3,611 tons); the production of silicon wafers was approximately 15 GW (including OEM silicon wafers of approximately 7 GW), and the sales volume was approximately 15 GW (including OEM silicon wafers of approximately 6 GW).

On October 19, Xuxin Technology voluntarily disclosed a business update regarding the Photovoltaic Materials Business Division. According to reports, in the second half of 2023, the price of polysilicon bottomed out and rebounded, currently operating in the bottom range, and the shortage of polysilicon completely reversed. The market shifted to a comprehensive competition of quality and cost, and the company's granular silicon products showed strong competitiveness in this process.