---
title: "ASM vs TCL Zhonghuan - Brand Comparison | ComparePV"
description: "Compare ASM vs TCL Zhonghuan solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/asm-vs-tcl-zhonghuan"
---

# ASM vs TCL Zhonghuan

TCL Zhonghuan has the broader catalog (66 vs 1 models). TCL Zhonghuan leads on peak efficiency at 24.60%. TCL Zhonghuan leans bifacial (65% of lineup).


## The two companies


| Attribute | ASM | TCL Zhonghuan |
| --- | --- | --- |
| Country | Australia | China |
| Headquarters | Hallam, Victoria | Tianjin |
| Founded | 2009 | 1981 |
| Employees | 1-10 |  |
| Annual capacity |  |  |
| Tier 1 | no | yes |
| Listed |  | SZSE: 002129 |
| Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [https://www.tjsemi.com](https://www.tjsemi.com) |

Australian Solar Manufacturing (ASM) is a small Australian solar panel assembler that produces crystalline monocrystalline modules domestically using components sourced from Germany, Japan, the USA, and China. The company focuses on providing locally assembled PV modules tailored to Australian conditions, supporting...


## Catalog & Power


| Measure | ASM | TCL Zhonghuan | Margin |
| --- | --- | --- | --- |
| Panel Models | 1 | 66 | +65 |
| Max Power | 170 W | 725 W | +555 W |
| Avg Power | 170 W | 585 W | +415 W |


## Efficiency


| Measure | ASM | TCL Zhonghuan | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 16.00% | 24.60% | +8.60 pp |
| Avg Efficiency | 16.00% | 23.13% | +7.13 pp |


## Reliability & Warranty


| Measure | ASM | TCL Zhonghuan | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.438%/°C | -0.273%/°C | +0.165 |
| Bifacial Share | 0 (0%) | 43 (65%) | +65 pp |
| Avg Warranty | - | 30.0 yrs |  |


## Efficiency distribution

TCL Zhonghuan skews to higher efficiency: 58% of lineup is 23%+


| Efficiency band | ASM | TCL Zhonghuan |
| --- | --- | --- |
| \<20% | 1 (100.0%) | 0 |
| 21-22% | 0 | 1 (1.5%) |
| 22-23% | 0 | 27 (40.9%) |
| 23%+ | 0 | 38 (57.6%) |


## Power distribution

TCL Zhonghuan offers more 600W+ panels (55% of lineup)


| Power band | ASM | TCL Zhonghuan |
| --- | --- | --- |
| \<400W | 1 (100.0%) | 0 |
| 400-499W | 0 | 17 (25.8%) |
| 500-599W | 0 | 13 (19.7%) |
| 600-699W | 0 | 24 (36.4%) |
| 700W+ | 0 | 12 (18.2%) |


## Cell technology

Dominant cell tech: **Back Contact** (45%)


| Technology | ASM | TCL Zhonghuan |
| --- | --- | --- |
| Unknown | 1 (100.0%) | 0 |
| Back Contact | 0 | 30 (45.5%) |
| TOPCon | 0 | 30 (45.5%) |
| N-type | 0 | 6 (9.1%) |


## Top panels, ASM


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [ASM170M](https://comparepv.com/panel/australian-solar-manufacturing-asm170m) | 170 | 16.0 | -0.438 | Monocrystalline |


## Top panels, TCL Zhonghuan


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [HSM-ND66-GK725 (IEC1500V)](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk725-iec1500v) | 725 | 23.3 | -0.280 | Monocrystalline |
| 2 | [HSM-ND66-GK725](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk725) | 725 | 23.3 | -0.280 | Monocrystalline |
| 3 | [HSM-ND66-GK720 (IEC1500V)](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk720-iec1500v) | 720 | 23.0 | -0.280 | Monocrystalline |
| 4 | [HSM-ND66-GK720](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk720) | 720 | 23.2 | -0.280 | Monocrystalline |
| 5 | [HSM-ND66-GK715 (IEC1500V)](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk715-iec1500v) | 715 | 22.9 | -0.280 | Monocrystalline |
| 6 | [HSM-ND66-GK715](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk715) | 715 | 23.0 | -0.280 | Monocrystalline |
| 7 | [HSM-ND66-GK710](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk710) | 710 | 22.9 | -0.280 | Monocrystalline |
| 8 | [HSM-ND66-GK710 (IEC1500V)](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk710-iec1500v) | 710 | 22.9 | -0.280 | Monocrystalline |
| 9 | [HSM-ND66-GK705](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk705) | 705 | 22.7 | -0.280 | Monocrystalline |
| 10 | [HSM-ND66-GK705 (IEC1500V)](https://comparepv.com/panel/tcl-zhonghuan-hsm-nd66-gk705-iec1500v) | 705 | 22.7 | -0.280 | Monocrystalline |


## Summary

ASM does not appear in any major industry databases, Tier 1 lists, or trade-press coverage as a solar module manufacturer - the name consistently surfaces in public searches as an Australian residential installer, not a panel-maker. Because no credible manufacturer profile could be confirmed through WebSearch, the factual claims below are limited to TCL Zhonghuan, and the comparison is necessarily asymmetric.

TCL Zhonghuan Renewable Energy Technology Co., Ltd. is a Chinese manufacturer headquartered in Tianjin, with roots tracing back to 1958 when it operated as Tianjin Zhonghuan Semiconductor. It rebranded under the TCL group in 2022. The company holds a position on BloombergNEF's Tier 1 list of global PV module manufacturers as of Q3 2025, confirming its bankability for project-financed installations. Its core strength is silicon wafer production - it held roughly 19% of global crystalline silicon wafer capacity as of 2024, placing it among the two or three largest wafer suppliers in the world. Its module brand, Huansheng Solar, ranked approximately 15th globally by shipment volume in 2024, with reported annual module shipments near 8 GW. TCL Zhonghuan has a considerably stronger institutional footprint than ASM, whose manufacturer credentials could not be verified.

On the product side, TCL Zhonghuan's confirmed module lineup centers on TOPCon technology. Its T5 Pro series spans residential, commercial-and-industrial, and utility-scale segments, with efficiency claims up to 25.17% and power outputs ranging from roughly 450 W for rooftop formats up to 760 W for large ground-mount arrays. The vertically integrated wafer supply underpins cost competitiveness in utility-scale and C&I procurement contexts.

For any buyer seeking a bankable, institutionally recognized panel in 2025-2026, TCL Zhonghuan is a verifiable option with a documented Tier 1 standing and an established product roadmap. ASM cannot be recommended in the same breath as a panel manufacturer because no substantiating evidence of its manufacturing operations was found - buyers should treat it as an unverified brand and request documentation of production capacity, certifications, and warranty backing before proceeding.

\---LINKS---

\- https://www.solarbeglobal.com/tier-1-tcl-zhonghuan-ranks-on-bloombergnefs-tier-1-list-of-global-pv-module-manufacturers/ \| TCL Zhonghuan achieves BNEF Tier 1 status - Solarbe Global \| article

\- https://solarquarter.com/2025/09/04/tcl-ranks-in-tier-1-pv-module-manufacturer-by-bnef-leading-with-technology-to-reshape-the-global-energy-ecosystem/ \| TCL Ranks in Tier 1 PV Module Manufacturer by BNEF - SolarQuarter \| article

\- https://www.pv-magazine.com/2025/11/18/tcl-zhonghuan-unveils-25-15-efficient-topcon-solar-modules-series-with-multi-slice-design/ \| TCL Zhonghuan unveils 25.17%-efficient TOPCon module series - PV Magazine \| article

\- https://www.yicaiglobal.com/star50news/2025\_04\_066812642778246283268 \| TCL Zhonghuan strategy and financials after major loss - Yicai Global \| article

Sources:

\- \[Tier 1 - TCL Zhonghuan Ranks on BloombergNEF's Tier 1 List\](https://www.solarbeglobal.com/tier-1-tcl-zhonghuan-ranks-on-bloombergnefs-tier-1-list-of-global-pv-module-manufacturers/)

\- \[TCL Ranks in Tier 1 PV Module Manufacturer by BNEF - SolarQuarter\](https://solarquarter.com/2025/09/04/tcl-ranks-in-tier-1-pv-module-manufacturer-by-bnef-leading-with-technology-to-reshape-the-global-energy-ecosystem/)

\- \[TCL Zhonghuan unveils 25.17%-efficient TOPCon modules - PV Magazine\](https://www.pv-magazine.com/2025/11/18/tcl-zhonghuan-unveils-25-15-efficient-topcon-solar-modules-series-with-multi-slice-design/)

\- \[TCL Zhonghuan company profile - CBInsights\](https://www.cbinsights.com/company/tianjin-zhonghuan-semiconductor)

\- \[TCL Zhonghuan financial and strategy overview - Yicai Global\](https://www.yicaiglobal.com/star50news/2025\_04\_066812642778246283268)

Written by claude-sonnet from the figures above.


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- [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy)
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- [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome)
- [ARTsolar vs TCL Zhonghuan](https://comparepv.com/artsolar-vs-tcl-zhonghuan)


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Source: https://comparepv.com/asm-vs-tcl-zhonghuan

Not in this file, on the page: the distributions above drawn as charts.