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Gao Haichun, the daughter of 0132-year-old Gao Jifan, the actual controller of Trina Solar, became the company's co-chairman and the president of the solution business group.

02In addition to Gao Haichun, Liu Shuqi, the daughter of Liu Hanyuan, the founder of photovoltaic giant Tongwei Group, and Ruan Zeyun, the daughter of Ruan Hongliang, the founder of Follett, have also become the chairman and CEO of their respective companies.

03 Gao Haichun joined Trina in 2017 and held important senior management positions, and currently directly holds 18,100 shares of Trina Solar and indirectly holds shares in 5 companies.

04Due to the sharp decline in the price of the photovoltaic industry chain, Trina Solar terminated the planned spin-off of the listing of its holding subsidiary, Trina Fujia.

05At the same time, the listing plans of Chint Aneng and Sunshine New Energy have also been stranded.

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Red Star Capital Bureau reported on January 5 that recently, Trina Solar (688599. At the age of 32, she became the co-chairman of Trina Solar, which has a market value of more than 40 billion yuan, and concurrently serves as the president of the company's solution business group.

The "second generation" of photovoltaic is intensively taking over. In addition to Gao Haichun, Liu Shuqi, the daughter of Liu Hanyuan, the founder of Tongwei Group, became the daughter of Tongwei Co., Ltd. (600438. SH); Photovoltaic glass faucet Follett (601865. SH) founder Nguyen Hong Luong and his daughter Nguyen Ze Yun also took over the position of president of Flat in June 2023.

Trina Solar's "second-generation" successor stepped forward

Recently, Trina Solar announced that the company's board of directors has added one co-chairman, and all directors unanimously agreed to elect Gao Haichun as the co-chairman of the company's third board of directors.

Gao Haichun was born in 1993, is 32 years old this year, and graduated from Brown University with a bachelor's degree. It is worth noting that she is the daughter of Gao Jifan, the controlling shareholder and actual controller of Trina Solar, her mother Wu Chunyan is also a shareholder holding more than 5% of Trina Solar's shares, and her uncle Gao Jiqing is a director and senior manager of Trina Solar. Gao Haichun is also known as the "second generation of the most beautiful light" by netizens because of his good looks. Up to now, Gao Haichun directly holds 18,100 shares of Trina Solar, and indirectly holds shares through five companies.

According to Trina Solar's WeChat public account

As the successor of the "second generation of light", Gao Haichun entered the Tianhe system in 2017 and held important senior management positions. He has served as Deputy General Manager of the Strategic Investment Department, Chairman of Trina Fujia and other important positions, and has served as a Director of Trina Solar since June 2024.

According to the information disclosed in the announcement, Gao Haichun became the co-chairman and shouldered the important mission of promoting the company's transformation. Trina Solar said that the company has established a new solution business group, and Gao Haichun is also the president of the company's solution business group, and is committed to leading the company's transformation from a photovoltaic product manufacturer to a photovoltaic storage smart energy solution service provider, leading the development of new scenarios of photovoltaic and storage integration, and helping the company build a differentiated competitive advantage. 

Since December 2024, Gao Haichun has served as the President of Trina Solar's Solutions Business Group. Red Star Capital Bureau noted that in December 2024, Gao Haichun attended the "2024 (22nd) Annual Meeting of Chinese Business Leaders" and delivered a speech with the theme of "The Journey of Light Chaser".

Gao Haichun mentioned in his speech: "We must move from self-interest to altruism, find a balance between self-interest and altruism, and move from duality to unity of opposites. Only in this way can we move from short-term benefits to longer-term, more sustainable development. ”

Red Star Capital Bureau has noticed that in recent years, the "second generation" of photovoltaic has been intensively taking over. Liu Shuqi, the daughter of Liu Hanyuan, the founder of Tongwei Group, became the chairman and CEO of Tongwei in April 2023; Ruan Hong Luong, the founder of photovoltaic glass leader Follett, and his daughter Ruan Zeyun will also take over the position of president of Flat in June 2023.

After ringing the bell and shattering the dream, he shouldered the heavy responsibility of TRW's transformation

Last month, Gao Haichun's name attracted much attention because of the termination of the listing of Tianhe Fujia. In December 2024, Trina Solar announced that it would terminate the planned spin-off of the listing of its holding subsidiary, Trina Fujia, and at that time, a market voice said, "Gao Haichun lost the opportunity to ring the bell." ”

Gao Haichun has served as the chairman of Tianhe Fujia since June 2022, and she has been involved in Tianhe Fujia's multiple capital increases and share expansions, and the spin-off and listing is also one of the major projects during her tenure.

In the 20 months when the planned spin-off and listing were planned, the photovoltaic industry has undergone tremendous changes, and the price of the industrial chain has fallen sharply. The PV Industry Association issued a document in October 2024 pointing out that since the second half of 2023, China's PV module prices have continued to decline, and the bidding market has frequently seen below-cost offers. Trina Solar explained that the termination of the planned spin-off of Trina Fortune's listing is a strategic decision made in combination with the development trend of the industry and its own advantages.

It can also be seen from the announcement of Gao Haichun's appointment as co-chairman that Trina Solar is adjusting and transforming. Trina Solar said that the company has established a new solution business group, focusing on serving the company's business philosophy of "scenario-oriented and customer-centric", continuously gaining insight into customer needs, providing one-stop smart energy solutions for centralized and distributed application scenarios, and is committed to the construction and promotion of new application scenarios such as "new microgrids" and "zero-carbon parks". 

The Red Star Capital Bureau noticed that not only Tianhe Fujia, but also the listing plans of Chint Aneng and Sunshine New Energy have been stranded. The IPO review status of Chint Aneng was changed to "suspended" on September 30, 2024, due to the fact that "the financial information has expired and needs to be supplemented", and there has been no new progress so far. Although the IPO plan of Sunshine New Energy is still advancing, the progress is slow and it is still waiting in the queue.

In addition to changes in the industry, the adjustment and transformation are also related to the changes in Trina Solar's own performance. In the first three quarters of 2024, Trina Solar's operating income was 63.147 billion yuan, a year-on-year decrease of 22.16%; The net profit attributable to the parent company was 847 million yuan, a year-on-year profit turned into a loss, and the net profit attributable to the parent company decreased by 116.67% year-on-year. Regarding the change in performance, Trina Solar said that it was mainly due to the year-on-year decline in the selling price of photovoltaic module-related products and the decline in the profitability of photovoltaic products during the reporting period, affected by the supply and demand of the photovoltaic industry chain.

At Trina Solar's third-quarter earnings briefing held in November 2024, Gao Jifan said that the company's advantageous markets (the United States) and advantageous sectors (residential distribution) are facing extremely strong external uncertainties, and the company's choice is to slow down into the corner and not take too many risks.