Jetion Holdings Limited is a designer, manufacturer and supplier of solar cell

Solar cell

A solar cell is a solid state electrical device that converts the energy of light directly into electricity by the photovoltaic effect....

s and modules

Photovoltaic module

A solar panel is a packaged, connected assembly of solar cells, also known as photovoltaic cells...

. The holdings holds the factory Jiangyin Jetion Science and Technology Co Ltd which is located at Jiangyin (a county-level city of Wuxi

Wuxi

Wuxi is an old city in Jiangsu province, People's Republic of China. Split in half by Lake Tai, Wuxi borders Changzhou to the west and Suzhou to the east. The northern half looks across to Taizhou across the Yangtze River, while the southern half also borders the province of Zhejiang to the south...

), Jiangsu

Jiangsu

' is a province of the People's Republic of China, located along the east coast of the country. The name comes from jiang, short for the city of Jiangning , and su, for the city of Suzhou. The abbreviation for this province is "苏" , the second character of its name...

, China

China

Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...

. During the year ended 2007, the company had a cell manufacturing capacity of 50 megawatts, and a module capacity of 40 megawatts. The company’s output of solar cells for 2007 was 35.2 megawatts. In October 2007, it established a European joint venture

Joint venture

A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...

, Jetion Europe. In March 2008, Jetion announced that it had entered into an agreement with a Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

ese company to purchase 100 megawatts of solar polycrystalline silicon

Polycrystalline silicon

Polycrystalline silicon, also called polysilicon, is a material consisting of small silicon crystals. It differs from single-crystal silicon, used for electronics and solar cells, and from amorphous silicon, used for thin film devices and solar cells....

 feedstock with immediate effect through until 2011.

Finance

For the six months ended 30 June 2008, Jetion Holdings Limited's revenues totaled $100.7M, up from $38.6M. Net income totaled $9.7M, up from $2.8M. Revenues reflect an increase in incme from cells and modules segment. Net income reflects the presence of other income, lower research & development expenses, increased finance income and the presence of share of profits less losses of joint controlled entity.