Hoshine Silicon Industry (Hoshine; Chinese: 合盛硅业; pinyin: Héshèng Guīyè) is a publicly listed Chinese company that engages in the development and sale of silicon-based material products.
 | |
Native name | 合盛硅业股份有限公司 |
|---|---|
| Company type | Public |
| SSE: 603260 | |
| Industry | Chemicals |
| Founded | August 23, 2005 |
| Founder | Luo Liguo |
| Headquarters | Ningbo, Zhejiang, China |
Key people | Luo Liguo (Chairman) Luo Yedong (CEO) |
| Revenue |  CN¥26.58 billion (2023) |
 CN¥2.58 billion (2023) | |
| Total assets | CN¥83.34 billion (2023) |
| Total equity | CN¥32.42 billion (2023) |
Number of employees | 25,309 (2023) |
| Website | www |
| Footnotes / references [1] | |
It is one of the world's largest producers of silicon metal.[2]
Background
editIn 2005, Hoshine was founded by Luo Liguo.[3]
On 30 October 2017, Hoshine held its initial public offering becoming a listed company on the Shanghai Stock Exchange.[3]
In June 2021, the Biden administration ordered a ban on U.S. imports of a key solar panel material from Hoshine. The U.S. Customs and Border Protection (CBP) separately banned imports of silicon-based products made by Hoshine as well as goods made using those products. Alejandro Mayorkas stated the agency had information reasonably indicating that Hoshine used Uyghur forced labor in Xinjiang to produce its silicon-based products. The United States Department of Commerce also added Hoshine to the Entity List.[4][5]
In August 2022, Bloomberg News reported that despite U.S. restrictions, Hoshine continued to expand its business with its share price up 111% since the restrictions were announced.[6]
On 20 February 2024, Hoshine filed a complaint at the United States Court of International Trade challenging the CBP's decision in June 2021.[7]
References
edit- ^ "2023 Annual Report" (PDF). Sina.
- ^ Newcomb, Richard (5 July 2021). "Impact on the US solar, silicon and related industries of new US government actions aimed to address labor practices in Xinjiang". DLA Piper. Retrieved 19 October 2024.
- ^ a b "浙江千亿富豪遭实名举报 创始人与职业经理人反目". henan.china.com.cn. 14 November 2023. Retrieved 19 October 2024.
- ^ Martina, Michael (24 June 2021). "U.S. bans imports of solar panel material from Chinese company". Reuters.
- ^ Kaplan, Thomas (24 June 2021). "U.S. Bans Imports of Some Chinese Solar Materials Tied to Forced Labor". The New York Times.
- ^ Murtaugh, Dan (11 August 2022). "Chinese Solar Billionaire Doubles Fortune Despite US Sanctions". Bloomberg News. Retrieved 19 October 2024.
- ^ Li, Michelle (29 February 2024). "Chinese Silicon Producer Challenges Forced Labor Finding at U.S. Court of International Trade". Thompson Hine. Retrieved 19 October 2024.