Recently, Yanhe Technology announced the completion of three rounds of financing, namely A2+, A3, and A4, with the total funds raised in the A round exceeding 500 million yuan. The investors include well-known industrial investors such as Zhonghuan Haihe Fund under TCL, Yuanhang Capital, and Yuekai Capital, market-oriented state-owned institutions like Shanghai Science and Technology Innovation Fund, as well as financial institutions including Delian Capital and Bojiang Capital. Existing shareholders such as Shunwei Capital, Caixin Capital, Xingxiang Capital, and Legend Capital also increased their investments. The funds from this round will be used to advance the global layout of consumer photovoltaics and the construction of core capabilities in space energy.