Tianjin Telecom is a business company under 35Internet that is carrying out strategic transformation and upgrading to the photovoltaic industry. The current main project is the new energy 5GW heterojunction battery project. The company recently introduced a total of 13 strategic investors including Sichuan Xinhongxing Group Co., Ltd., Hainan Jiayu Technology Co., Ltd., and Chengdu Jumingyang Enterprise Management Partnership (Limited Partnership) at a pre-capital increase valuation of 360 million yuan. It increased the capital of Tianjin Communications by 300 million yuan in currency, and obtained a total of 45.45% of the equity of Tianjin Communications after the capital increase.
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