--- title: "ASM vs ZNShine - Brand Comparison | ComparePV" description: "Compare ASM vs ZNShine solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background." source: "https://comparepv.com/asm-vs-znshine" --- # ASM vs ZNShine ZNShine has the broader catalog (212 vs 1 models). ZNShine leads on peak efficiency at 22.83%. ZNShine leans bifacial (42% of lineup). ## The two companies | Attribute | ASM | ZNShine | | --- | --- | --- | | Country | Australia | China | | Headquarters | Hallam, Victoria | Suqian | | Founded | 2009 | 1988 | | Employees | 1-10 | 1,200 | | Annual capacity | | 10 GW/year | | Tier 1 | no | yes | | Listed | | NEEQ: 838463 | | Website | [https://www.australiansolarmanufacturing.com.au](https://www.australiansolarmanufacturing.com.au) | [http://www.znshinesolar.com](http://www.znshinesolar.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... ZNShine Solar is a high-tech PV enterprise specializing in R&D, manufacturing, and sales of solar modules. They also provide integrated photovoltaic, battery storage, and green hydrogen solutions, as well as BIPV, rooftop solar, and utility-scale solar solutions with a commitment to boosting green electricity... ## Catalog & Power | Measure | ASM | ZNShine | Margin | | --- | --- | --- | --- | | Panel Models | 1 | 212 | +211 | | Max Power | 170 W | 670 W | +500 W | | Avg Power | 170 W | 535 W | +365 W | ## Efficiency | Measure | ASM | ZNShine | Margin | | --- | --- | --- | --- | | Max Efficiency | 16.00% | 22.83% | +6.83 pp | | Avg Efficiency | 16.00% | 21.35% | +5.35 pp | ## Reliability & Warranty | Measure | ASM | ZNShine | Margin | | --- | --- | --- | --- | | Avg Temp Coefficient | -0.438%/°C | -0.329%/°C | +0.109 | | Bifacial Share | 0 (0%) | 89 (42%) | +42 pp | | Avg Warranty | - | 28.3 yrs | | ## Efficiency distribution | Efficiency band | ASM | ZNShine | | --- | --- | --- | | \<20% | 1 (100.0%) | 5 (2.4%) | | 20-21% | 0 | 59 (27.8%) | | 21-22% | 0 | 101 (47.6%) | | 22-23% | 0 | 47 (22.2%) | ## Power distribution ZNShine offers more 600W+ panels (20% of lineup) | Power band | ASM | ZNShine | | --- | --- | --- | | \<400W | 1 (100.0%) | 6 (2.8%) | | 400-499W | 0 | 64 (30.2%) | | 500-599W | 0 | 99 (46.7%) | | 600-699W | 0 | 43 (20.3%) | ## Cell technology Dominant cell tech: **PERC** (63%) | Technology | ASM | ZNShine | | --- | --- | --- | | Unknown | 1 (100.0%) | 0 | | PERC | 0 | 134 (63.2%) | | TOPCon | 0 | 78 (36.8%) | ## 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, ZNShine | # | Model | Power | Efficiency | Temp. coefficient | Technology | | --- | --- | --- | --- | --- | --- | | 1 | [ZXM8-TP132-670W](https://comparepv.com/panel/znshine-zxm8-tp132-670w) | 670 | 21.6 | -0.340 | Monocrystalline | | 2 | [ZXM8-TPLD132-670](https://comparepv.com/panel/znshine-zxm8-tpld132-670) | 670 | 21.6 | -0.340 | Monocrystalline | | 3 | [ZXM8-TPLDD132-670](https://comparepv.com/panel/znshine-zxm8-tpldd132-670) | 670 | 21.6 | -0.340 | Monocrystalline | | 4 | [ZXM8-TP132-670](https://comparepv.com/panel/znshine-zxm8-tp132-670) | 670 | 21.6 | -0.340 | Monocrystalline | | 5 | [ZXM8-TPLD132-670W](https://comparepv.com/panel/znshine-zxm8-tpld132-670w) | 670 | 21.6 | -0.340 | Monocrystalline | | 6 | [ZXM8-TP132-665W](https://comparepv.com/panel/znshine-zxm8-tp132-665w) | 665 | 21.4 | -0.340 | Monocrystalline | | 7 | [ZXM8-TPLD132-665](https://comparepv.com/panel/znshine-zxm8-tpld132-665) | 665 | 21.4 | -0.340 | Monocrystalline | | 8 | [ZXM8-TPLDD132-665](https://comparepv.com/panel/znshine-zxm8-tpldd132-665) | 665 | 21.4 | -0.340 | Monocrystalline | | 9 | [ZXM8-TPLD132-665W](https://comparepv.com/panel/znshine-zxm8-tpld132-665w) | 665 | 21.4 | -0.340 | Monocrystalline | | 10 | [ZXM8-TP132-665](https://comparepv.com/panel/znshine-zxm8-tp132-665) | 665 | 21.4 | -0.340 | Monocrystalline | ## Summary ASM, listed on ENF Solar's panel directory as Australian Solar Manufacturing Pty Ltd, is a small-scale Australian manufacturer with a limited public profile and no confirmed Bloomberg NEF Tier 1 bankability status based on available industry sources. Its catalog appears to center on older monocrystalline modules in the sub-200 W range, and the company does not appear to have a significant footprint in utility-scale or international markets. ZNShine, by contrast, is a Chinese manufacturer headquartered in Changzhou, Jiangsu province, that has held Bloomberg NEF Tier 1 status continuously since 2013 - a distinction it has maintained for more than a decade. Search results cite an annual production capacity that has grown to roughly 10 GW across multiple facilities in Jiangsu and Yunnan. ZNShine carries a substantially stronger institutional footprint by any measure. ZNShine's current product range covers both PERC and n-type TOPCon cell technologies, including bifacial dual-glass formats targeting utility-scale ground mounts and large commercial rooftops, alongside more conventional single-glass panels suited to residential and small commercial applications. The company also markets panels featuring a proprietary graphene-coated glass it describes as self-cleaning, which has been cited in third-party performance tests. Module power output across the catalog reportedly runs from approximately 380 Wp to over 660 Wp. ASM's publicly documented lineup does not include TOPCon or bifacial products, and the company appears to be positioned, if at all, in the small residential or off-grid segment of the Australian domestic market. For most buyers in 2025 - whether residential, commercial, or utility-scale - ZNShine is the clearer default choice: it offers bankable credentials, a broad technology mix, and documented third-party test performance. ASM may appeal to buyers who specifically require Australian-manufactured panels for regulatory or procurement reasons, but its limited scale and absence from major industry rankings make it difficult to recommend on product merits alone. \---LINKS--- \- https://canalsolar.com.br/en/znshine-tier-1-bnef-seal-since-2013/ \| ZNShine has maintained BNEF Tier 1 certification since 2013 \| article \- https://www.solarreviews.com/blog/znshine-solar-panels-review \| Complete Review of ZNShine Solar Panels - SolarReviews \| review \- https://www.solarchoice.net.au/products/panels/Znshine-Review \| ZNShine Solar Panels - Independent Review by Solar Choice \| review \- https://a1solarstore.com/blog/znshine-solar-panels-review-lets-be-clear.html \| ZNShine Solar Panels Review 2026 - A1 SolarStore Magazine \| review \- https://www.enfsolar.com/asm \| Australian Solar Manufacturing Pty Ltd - ENF Solar Panel Directory \| article Written by claude-sonnet from the figures above. ## Other comparisons - [ASM vs A.B. Energy](https://comparepv.com/asm-vs-a-b-energy) - [AE Solar vs ZNShine](https://comparepv.com/ae-solar-vs-znshine) - [ASM vs AEET](https://comparepv.com/asm-vs-aeet) - [AIKO vs ZNShine](https://comparepv.com/aiko-vs-znshine) - [ASM vs AKCOME](https://comparepv.com/asm-vs-akcome) - [ARTsolar vs ZNShine](https://comparepv.com/artsolar-vs-znshine) --- Source: https://comparepv.com/asm-vs-znshine Not in this file, on the page: the distributions above drawn as charts.