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  7. Hangzhou First Applied Material
Company logo

Hangzhou First Applied Material | Sustainability Performance

https://www.firstpvm.com/
Linkedin

Manufacturer of materials for photovoltaic, electronics, and new energy industries

2003

China

1,001 - 5,000 employees

Renewable Energy Manufacturing

$1B - 10B in revenue

$100M - 500M in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#11563
Overall
#705
in China
#161
in Renewable Energy Manufacturing

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

168 out of 192

Overview
Environmental
Energy consumptionWater managementNature and biodiversityNature riskClimate risk
Social
Externalities
Governance
TargetsSDG ImpactESG scores and exclusionsB-corp & CDP
Financial Data
Business performanceCapital & innovationAnalyst projections

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Externalities

31.7M $, 2024
Laggard

Market cap

272.3B $, 2026▼9.3% YoY

Revenue

2.2B $, 2025▼23.6% YoY

R&D intensity

3.01% 2025

Renewable electricity

Reveal data for 1 credit
%2023

Industry rank: Beyond Top 100


Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: Beyond Top 100

Total electricity

Share of renewable electricity

Industry benchmark

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Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Hangzhou First Applied Material Co Ltd, Chinese solar encapsulation film major, has faced sustained scrutiny over Xinjiang-linked polysilicon supply chain exposure following the 2024 Sheffield Hallam University 'Over-Exposed' report findings on Chinese solar component sourcing, plus the contested EU and US tariff threats affecting institutional shareholders.
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Climate risk

OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic
23 assets assessed
ScenarioComing soon
64High
$262.3Mestimated revenue at risk
Thematic risk scoresESRS aligned scoresComing soon
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Nature risk

Reveal data for 10 credits

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Production loss

Reveal data for 5 credits

Share of company output at risk (%)

Direct operations
Upstream supply chain
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Revenue at risk

Reveal data for 5 credits

Production-loss NVaR expressed in monetary terms ($)

Direct revenue at risk
Upstream revenue at risk
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Assets exposed to sensitive locations

Reveal data for 5 credits

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Biodiversity loss in km²

Reveal data for 2 credits

Biodiversity loss in terms of the equivalent land affected (km²e)

Total biodiversity loss (km²e)
Industry benchmark
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Biodiversity loss in CO2e

Reveal data for 2 credits

Total biodiversity loss as CO2e tonnes

Total biodiversity loss (CO2e tonnes)
Industry benchmark

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Potential species loss

Reveal data for 2 credits

Estimated nature species lost due to corporate activity, expressed as Potentially Disappeared Fraction (PDF)

One row per year, with the latest at the top. Each driver uses its own scale.

Low ImpactHigh Impact
Industry benchmark
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Biodiversity impact

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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PDF: Potentially Disappeared Fraction (of species) due to corporate activities

Water management

Reveal data for 2 credits

KPIMetricYear
20192020202120222023Benchmark
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Land use

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Externalities

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
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Market cap

272.3B $, 2026▼9.3% YoY

Revenue

2.2B $, FY2025▼23.6% YoY

EBITDA

131.9M $, FY2025▼9.1% YoY

Operating margin

6% Industry: -52▼30.3% YoY

Revenue & EBITDA

$2.2BFY2025 revenue

Total Annual
Revenue & EBITDA
($ B)

Annual revenue
EBITDA
3 year change
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Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

525.5M 2024▲120.5% YoY

Capex

90.0M 2024▼15.6% YoY

R&D intensity

3.0%FY2025

R&D as % of revenue

R&D as % of revenue
Industry benchmark

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Return on invested capital

5.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

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Analyst revenue estimates & actuals


Analyst consensus vs actuals
($ B)

Actual revenue
Consensus estimates
Estimate only

3.2

▼ 5.1%

2023

2.7

▼ 12.3%

2024

2.2

▼ 16.7%

2025

21.8

2028

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Environmental policy coverage

Carbon reduction policy

Available

Human rights policy

Available

Recycling policy

Not available

Workplace health & safety policy

Available

23%
Independent Directors

3 out of 13 incl. management

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Overall score

82

Environment

99

Social

80

Governance

66

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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CDP Scores


Climate Score

D

Water Score

Not disclosed

A

A-

B

B-

C

C-

D

D-

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SDG impact

Reveal data for 5 credits
2024

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SDG impact (historical)

Reveal data for 5 credits

KPIMetricYear
20192020202120222023Benchmark
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Reporting

sustainability report symbol

Sustainability Report

Available

Not committed to key sustainability initiatives

Sustainability employees


    Available in
    Scale package

    Access
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