---
title: "DMEGC vs ZNShine - Brand Comparison | ComparePV"
description: "Compare DMEGC vs ZNShine solar panels: full portfolio, efficiency, cell technology breakdown, warranty terms and company background."
source: "https://comparepv.com/dmegc-vs-znshine"
---

# DMEGC vs ZNShine

ZNShine has the broader catalog (212 vs 150 models). DMEGC leads on peak efficiency at 23.50%. DMEGC leans bifacial (73% of lineup).


## The two companies


| Attribute | DMEGC | ZNShine |
| --- | --- | --- |
| Country | China | China |
| Headquarters | Dongyang, Zhejiang Province | Suqian |
| Founded | 1980 | 1988 |
| Employees | 18,831 | 1,200 |
| Annual capacity | 21 GW/year | 10 GW/year |
| Tier 1 | yes | yes |
| Listed | Shenzhen Stock Exchange: SZ: 002056 | NEEQ: 838463 |
| Website | [https://www.dmegcsolar.com](https://www.dmegcsolar.com) | [http://www.znshinesolar.com](http://www.znshinesolar.com) |

DMEGC Solar, founded in 1980, is a global provider of renewable energy solutions, specializing in high-efficiency solar panels for residential, commercial, and utility-scale projects. The company has six manufacturing bases and is known for its integrated supply chain, from wafers to modules. DMEGC Solar is committed...

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 | DMEGC | ZNShine | Margin |
| --- | --- | --- | --- |
| Panel Models | 150 | 212 | +62 |
| Max Power | 720 W | 670 W | +50 W |
| Avg Power | 476 W | 535 W | +59 W |


## Efficiency


| Measure | DMEGC | ZNShine | Margin |
| --- | --- | --- | --- |
| Max Efficiency | 23.50% | 22.83% | +0.67 pp |
| Avg Efficiency | 21.39% | 21.35% | +0.04 pp |


## Reliability & Warranty


| Measure | DMEGC | ZNShine | Margin |
| --- | --- | --- | --- |
| Avg Temp Coefficient | -0.291%/°C | -0.329%/°C | +0.038 |
| Bifacial Share | 109 (73%) | 89 (42%) | +31 pp |
| Avg Warranty | 30.0 yrs | 28.3 yrs | +1.7 yr |


## Efficiency distribution

DMEGC skews to higher efficiency: 21% of lineup is 23%+


| Efficiency band | DMEGC | ZNShine |
| --- | --- | --- |
| \<20% | 24 (16.0%) | 5 (2.4%) |
| 20-21% | 4 (2.7%) | 59 (27.8%) |
| 21-22% | 11 (7.3%) | 101 (47.6%) |
| 22-23% | 79 (52.7%) | 47 (22.2%) |
| 23%+ | 32 (21.3%) | 0 |


## Power distribution

ZNShine offers more 600W+ panels (20% of lineup)


| Power band | DMEGC | ZNShine |
| --- | --- | --- |
| \<400W | 19 (12.7%) | 6 (2.8%) |
| 400-499W | 89 (59.3%) | 64 (30.2%) |
| 500-599W | 23 (15.3%) | 99 (46.7%) |
| 600-699W | 14 (9.3%) | 43 (20.3%) |
| 700W+ | 5 (3.3%) | 0 |


## Cell technology

Dominant cell tech: **TOPCon** (73%)

Dominant cell tech: **PERC** (63%)


| Technology | DMEGC | ZNShine |
| --- | --- | --- |
| TOPCon | 109 (72.7%) | 78 (36.8%) |
| N-type | 41 (27.3%) | 0 |
| PERC | 0 | 134 (63.2%) |


## Top panels, DMEGC


| # | Model | Power | Efficiency | Temp. coefficient | Technology |
| --- | --- | --- | --- | --- | --- |
| 1 | [DM720G12T-B66HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm720g12t-b66hsw) | 720 | 23.2 | -0.290 | Monocrystalline |
| 2 | [DM715G12T-B66HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm715g12t-b66hsw) | 715 | 23.0 | -0.290 | Monocrystalline |
| 3 | [DM710G12T-B66HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm710g12t-b66hsw) | 710 | 22.9 | -0.290 | Monocrystalline |
| 4 | [DM705G12T-B66HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm705g12t-b66hsw) | 705 | 22.7 | -0.290 | Monocrystalline |
| 5 | [DM700G12T-B66HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm700g12t-b66hsw) | 700 | 22.5 | -0.290 | Monocrystalline |
| 6 | [DM695G12T-B66HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm695g12t-b66hsw) | 695 | 22.4 | -0.290 | Monocrystalline |
| 7 | [DM650M10T-B78HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm650m10t-b78hsw) | 650 | 23.3 | -0.290 | Monocrystalline |
| 8 | [DM645M10T-B78HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm645m10t-b78hsw) | 645 | 23.1 | -0.290 | Monocrystalline |
| 9 | [DM640M10T-B78HSW](https://comparepv.com/panel/dmegc-hengdian-group-dm640m10t-b78hsw) | 640 | 22.9 | -0.290 | Monocrystalline |
| 10 | [DM635G12RT-B66HSW](https://comparepv.com/panel/hengdian-group-dmegc-magnetics-co-ltd-dm635g12rt-b66hsw) | 635 | 23.5 | -0.290 | 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

DMEGC Solar is a Chinese manufacturer headquartered in Dongyang, Zhejiang Province, operating as the photovoltaic division of DMEGC Group, a diversified industrial conglomerate. The company holds Tier 1 status in BloombergNEF's Global PV Module Manufacturer Ranking - confirmed for Q3 2025 - and was additionally listed as a Tier 1 supplier by S&P Global Commodity Insights. With module production capacity of around 21 GW per year and cumulative shipments exceeding 50 GW, DMEGC reached 13.4 GW in first-half 2025 shipments alone, a 64% year-over-year increase, and ranked fifth globally among module manufacturers in Wood Mackenzie's 2025 assessment. ZNShine (ZNSHINE PV-TECH Co., Ltd.) is also a Chinese manufacturer based in Zhejiang Province, maintaining BloombergNEF Tier 1 status continuously since 2015 and upgraded to a B rating in PV Tech's bankability ranking in 2025. Its module production capacity is approximately 10 GW per year, and the company is expanding internationally through a planned 1 GW joint-venture module line in India. On the measure of institutional footprint and shipment volume, DMEGC holds a clear lead.

DMEGC's current portfolio centers on N-type TOPCon technology. The flagship Infinity and Infinity RT series target utility-scale and commercial applications, with the Infinity RT achieving 23.5% module efficiency at 635 W output as of late 2025. The company also offers lightweight bifacial TOPCon modules in the 250-270 W range designed for weight-sensitive residential rooftops, alongside agrivoltaic and transparent PV configurations for niche deployments. ZNShine similarly leads with N-type TOPCon across its ZXM7 product family, covering standard residential and commercial modules around 440 W and larger-format panels up to 580 W aimed at utility-scale projects. ZNShine has also showcased HJT bifacial modules at 750 W for large ground-mount plants, pointing to a broader technology roadmap that distinguishes it somewhat from DMEGC's TOPCon-focused lineup.

For international buyers, DMEGC is the stronger default given its higher production scale, dual Tier 1 certifications, and rapid market-share growth. ZNShine is a credible and bankable alternative - particularly for buyers who value a decade-long Tier 1 track record and competitive pricing - but in any project where bankability rather than supplier scale is the primary criterion, the two brands are largely interchangeable.

Written by claude-sonnet from the figures above.


## Other comparisons

- [DMEGC vs A.B. Energy](https://comparepv.com/dmegc-vs-a-b-energy)
- [AE Solar vs ZNShine](https://comparepv.com/ae-solar-vs-znshine)
- [DMEGC vs AEET](https://comparepv.com/dmegc-vs-aeet)
- [AIKO vs ZNShine](https://comparepv.com/aiko-vs-znshine)
- [DMEGC vs AKCOME](https://comparepv.com/dmegc-vs-akcome)
- [ARTsolar vs ZNShine](https://comparepv.com/artsolar-vs-znshine)


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Source: https://comparepv.com/dmegc-vs-znshine

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