Huangshi Group: Considering Selling Photovoltaic Business

2023-12-04 09:51:00

The ten-billion-dollar plan ended in a muddle..

Recently, some investors asked questions on the interactive platform: on October 13, 2022, Anhui Huangshi Green Energy and CNBM Junxin successfully signed a 6GW TOPCon cell sales cooperation framework agreement; on October 16, Anhui Huangshi Green Energy and Yingli Energy successfully signed a 6GW TOPCon cell sales cooperation framework agreement; On December 21, Anhui Huangshi Green Energy and Dongfang Risheng successfully signed a 10GW TOPCon battery sales cooperation framework agreement. In a short period of two months, the cross-border photovoltaic Buffalo milk leader Huangshi Group has successively obtained 22 GW battery sheet length orders. I would like to ask the company hastily ended photovoltaic, how to deal with these orders?

On December 3, Huangshi Group responded that due to the overall strategic adjustment and resource optimization, the company considered transferring the control rights of Anhui Green Energy, and the business of Anhui Green Energy was still normal.

Previously, Huangshi Group had invested tens of billions of yuan to enter the photovoltaic industry. In August

2022, Huangshi Group set up Anhui Huangshi Green Energy Technology Co., Ltd. as the main investor, and planned to invest 10 billion yuan in the construction of 20g W TOPCon ultra-high efficiency solar cell and 2G W module projects in Fuyang, Anhui Province, and then signed a photovoltaic power plant development agreement with the two parties in the same month.

However, only one year after the start of the business, Huangshi Group began to prepare for withdrawal. In August this year, the company formally announced the abandonment of the control rights of Anhui Huangshi Green Energy Technology Co., Ltd., which is responsible for the TOPCon battery project, through two announcements of equity transfer and capital increase and share expansion in one day, which also means that after a year of cross-line pursuit, Huangshi Group's previous ambition of 10 billion layout in Fuyang.

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