Abalance Corporation (3856) Stock Price

Abalance operates primarily in solar panel manufacturing and green energy businesses. In solar panel manufacturing, Vietnam Sunergy Joint Stock Company (VSUN) and TOYO SOLAR COMPANY LIMITED work together to manufacture and sell solar panels. The company is also advancing in-house production of cells, ingots, and wafers to strengthen its global supply chain.

In the green energy business, WWB Corporation and Barrows Corporation serve as core operations, selling solar power plants and related equipment. Additionally, the company is expanding its own ownership of solar power plants to secure electricity sales revenue and strengthen its business foundation. This business generates revenue from both flow-type and stock-type business models.

Other business segments include IT operations, photocatalyst business, and construction equipment sales. In particular, WWB Corporation conducts domestic and international sales and rental of construction machinery. In November 2024, the company sold all shares of Digisign Corporation and excluded it from consolidated operations.

Abalance is pursuing a growth strategy to become a "core global renewable energy company" by 2030. The company has set a target of achieving 1GW of power generation capacity domestically and internationally. In its solar panel manufacturing business, it aims to produce 8GW of ingots and wafers, 16GW of cells, and 12GW of panels.

The company is building an optimal global supply chain in consideration of market demand trends in the solar panel sector and policies across countries. It is particularly focused on optimizing production operations in Vietnam and increasing in-house manufacturing of ingots and wafers to improve profitability. Additionally, the company is advancing construction of new factories in Ethiopia and Texas, USA to strengthen its product supply capabilities.

In its green energy business, the company is expanding ownership of solar power plants and strengthening its stock-type business model through electricity sales. It is leveraging development of non-FIT power plants and M&A to expand its revenue base, while also targeting expansion of its grid-scale battery storage business.

On the financial front, the company is working to improve its equity ratio. Through growth in both its solar panel manufacturing and green energy businesses, it is building retained earnings to strengthen its financial position. The company prioritizes operating profit, ROE, and equity ratio as it pursues sustained enhancement of corporate value.