In September 2004, IRICO Group Electronics Co., Ltd. ("Rainbow Electronics") was registered and established in Xianyang City, Shaanxi Province, China. IRICO Group Corporation, a subsidiary of the State-owned Assets Supervision and Administration Commission of the State Council, was established with display device-related assets and equity.

In December 2004, Rainbow Electronics H shares were successfully listed and traded on the Hong Kong Stock Exchange (stock code: HK0438)

In December 2007, Rainbow Group, Rainbow Electronics, and Rainbow shares completed a major asset reorganization. After the reorganization, Rainbow Electronics is committed to the R&D, production and sales of display device components.

On September 8, 2008, the company's first qualified product of liquid crystal glass substrate was successfully rolled off the production line, filling the domestic gap.

In February 2010, the first phase of the company's Xianyang Yangguang glass project was completed and put into production.

In December 2010, the second phase of the company's Xianyang Yangguang Glass Project was completed and put into production.

In April 2011, the company's AR anti-reflective coated glass project started.

In June 2012, the fourth phase of the company's Xianyang Yangguang Glass Project was completed and put into production.

In December 2012, the company's CRT business was completely closed and completely withdrawn from the CRT industry.

On December 31, 2012, the company's controlling shareholder Rainbow Group Corporation and China Electronics Information Industry Group Co., Ltd. ("China Electronics") were approved by the State-owned Assets Supervision and Administration Commission of the State Council. Rainbow Group Corporation was merged into China Electronics by way of free transfer.

In August 2014, the company completed the equity transfer of four non-profit or non-main business companies: Century Shuanghong, Rainbow Information, Cairui Company, and Kunshan Company.

In October 2014, Rainbow Electronics' Hefei photovoltaic glass renovation project was launched, and the overall production capacity was increased from 500T/D to 750T/D.

In December 2014, the company completed the closure of five three non-businesses including the electron gun factory, Kunshan Yingguang, Nanjing Ruide, Foshan Video, and parts factory.

In June 2015, the company transferred its 13.5% equity interest in Rainbow Shares to CLP Rainbow, and the company will no longer consolidate Rainbow Shares (SH600707).

In February 2016, the company name changed from IRICO Group Electronics Co., Ltd. to IRICO Group New Energy Co., Ltd.

In May 2016, the Rainbow Yan'an 800T/D photovoltaic glass project was officially launched, which will build the world’s largest, most energy-consuming, all-oxygen, ultra-white, high-permeability solar photovoltaic glass furnace and production line.

On September 28, 2017, the second phase of the company's Hefei Photovoltaic Glass Project was ignited and put into operation.

On June 23, 2018, the company's Yan'an photovoltaic glass project was ignited and put into operation.

On December 28, 2020, the equity transfer of four companies including Green Energy Company, New Materials Company, Jiangsu Yongneng and Zhuhai Caizhu was completed.

On January 4, 2021, Jiangxi Rainbow Photovoltaic Co., Ltd. was established.

On January 7, 2021, Xianyang Rainbow Photovoltaic Glass Co., Ltd. was established.

On March 1, 2021, Rainbow Shangrao ultra-thin and high-transmittance photovoltaic glass project started. The project plans to build 10 photovoltaic glass furnaces and supporting deep processing production lines in Shangrao Economic Development Zone in three phases. The first phase is to build three production lines. It is planned to start operation in the first half of 2022.

On March 30, 2021, the Listing Committee of the Stock Exchange has approved the listing and trading of reduced H shares, and the share reduction and capital reduction have come into effect. The company has completed the reduction of every 20 shares with a par value of RMB 1 per share to one reduced share with a par value of RMB 1 per share, the registered capital has been changed to RMB 176,322,070, and the total number of shares has been changed to 176,322,070 shares.