Ten Years to Grow a Tree | Pntech and Skycorp Join Hands to Cultivate the Tree of Listing Together
In 2015, Pntech joined SkyMoon and embarked on the journey toward a Nasdaq listing. On March 4, 2025, leveraging its deep expertise in the photovoltaic industry and multiple technology patents, Pntech played a key role in helping SkyMoon become China's first new energy wiring harness company to be listed in the U.S. This journey, from being listed on the New Third Board in 2015 to achieving a Nasdaq listing in 2025, marks Pntech’s remarkable transformation from obscurity to the global stage.
The Early Years: The Birth of a Dream
The story begins in April 2011. In a modest building in Ningbo, Ningbo Pntech New Energy Co., Ltd. was officially founded. In its early days, Pntech focused on the field of solar photovoltaic cables and accessories. That same year, the company’s photovoltaic cables and connectors received TÜV certification, making Pntech one of the first manufacturers in the industry to obtain this prestigious professional accreditation.
Strategic Expansion: Setting Sail
In 2015, Pntech broadened its strategic vision to the global market by establishing a dedicated international trade department to expand its overseas business. That same year, the company’s founder embraced Ningbo Skycrop’s proposal for a New Third Board listing. By transferring part of its equity, Pntech laid a solid foundation for its parent company’s listing journey. This strategic move not only brought in fresh capital but also strengthened the company’s foundation for future global expansion.
With the injection of new funds in 2016, Pntech rapidly scaled up its operations, relocating to a new factory, expanding its production capacity, and obtaining multiple authoritative certifications in the photovoltaic industry, including TÜV, IEC, CE, CQC, and ISO9001. The following year, the company’s annual output value surpassed 50 million RMB, marking the beginning of a golden era of growth.
Growth Through Adversity: Unyielding Resilience
In 2018, China’s photovoltaic industry was hit hard by the “531 Policy”, plunging the entire sector into a downturn. However, Pntech demonstrated remarkable resilience in the face of adversity—not only standing firm but also seizing new growth opportunities.
After two years of steady development, the company achieved a historic breakthrough in 2020, with its annual output value surpassing 100 million RMB for the first time.
In 2021, the company officially changed its name to Zhejiang Pntech Technology Co., Ltd., a move that significantly enhanced its influence and standing within the industry.
Zhejiang Pntech not only made major breakthroughs in technology research and development but also successfully expanded into several new domestic and international markets. The company adhered to a business philosophy that balanced innovation and pragmatism, constantly optimizing product quality and service standards, earning widespread praise from its customers.
Rapid Growth: Reaching New Heights
Entering 2022, Pntech’s momentum continued to grow stronger. The company relocated to a new factory, expanding its photovoltaic cable production lines to six and increasing its photovoltaic connector production equipment to eight machines.
In 2023, despite a complex and volatile market environment, Zhejiang Pntech maintained its strong growth trajectory. The company optimized its internal management system, enhanced operational efficiency, and increased investment in talent recruitment and training, laying a solid foundation for its long-term development.
In 2024, due to further expansion needs, the company increased its factory area to 16,000 square meters.
Currently, Pntech’s main products cover a wide range, including solar photovoltaic DC cables, photovoltaic connectors, MC4 photovoltaic cable assemblies, thin-film module photovoltaic combiner boxes, solar photovoltaic rapid installation kits, solar photovoltaic module smart optimizers, photovoltaic smart disconnectors, photovoltaic smart monitoring systems, and solar photovoltaic microinverter cable assemblies, forming a comprehensive product line.
Nasdaq Listing: A Moment of Glory
On March 4, 2025, Pntech played a crucial role in helping its parent company, Skycorp Solar Group Limited, successfully list on Nasdaq under the stock code PN.US.
The listing of Ningbo Skycorp Solar Group Limited on the U.S. Nasdaq marked the establishment of China’s leadership in the global new energy industry chain. This milestone not only reflects the joint commitment of Ningbo's local government and enterprises to promote high-quality development but also showcases the effectiveness of their contributions to the country's strategic goals.
Ten Years of Growth, Ten Years of Unity
The shared journey to Nasdaq between Pntech and Skycrop is one filled with both challenges and opportunities. From obscurity to becoming an industry leader, Pntech has written a legendary story in the new energy sector, driven by its outstanding technological strength, firm market strategy, and relentless spirit of innovation.
Looking ahead, Pntech will continue to adhere to its business philosophy of innovation and pragmatism, striving to become a global leader in the new energy wiring harness industry and contributing even more to the development of the global new energy sector.
No.108, West of Yinxian Avenue. HaishuDistrict, Ningbo, Zhejiang, China, 315012