Quzhou-based DAS Solar has secured a spot on the 2024 China Top 500 Private Enterprises list, unveiled by the All-China Federation of Industry and Commerce in Lanzhou, Gansu province, on Oct 12.

Since 1998, the annual list has spotlighted leading private enterprises based on their financial performance. The 2024 rankings are derived from data collected throughout 2023, focusing on companies with annual revenues exceeding 500 million yuan ($70.29 million).

"This recognition affirms our strategic direction and accomplishments," said Zhou Xianbiao, vice-president of DAS Solar.

Established in 2018, DAS Solar is at the forefront of photovoltaic innovation, specializing in the development, manufacture, and sale of high-efficiency solar cells and modules. The company also invests in and operates solar power plants.

In 2023, DAS Solar achieved a revenue milestone of 26.325 billion yuan, reflecting a 198-percent growth from the previous year.

The company's commitment to innovation is evident in its R&D spending, which surged by 172% to 878 million yuan in 2023, resulting in over 500 patents.

DAS Solar's international footprint includes subsidiaries in Germany, Japan, Singapore, and Australia, with its products reaching over 80 countries across Europe, Asia, and the Americas. The company's export revenue exceeded $200 million in 2023, a 33.3-percent increase from the previous year.

"Our solar modules save approximately 12.34 million metric tons of standard coal annually and cut carbon dioxide emissions by about 35.96 million tons," Zhou said. DAS Solar plans to intensify its R&D efforts to spearhead new technologies and expand its global influence.