After the crazy continuous cross-border, the declining catering company focused on photovoltaic..

The listed company Zhongke Yunwang, whose main business is "coffee and beverage", announced the cross-border "photovoltaic". On April 18,

2023, its subsidiary, Zhongke Gaoyou, signed the Investment Agreement with the Management Committee of Gaoyou Economic Development Zone in Jiangsu Province.

The announcement shows that the total investment of the plan is 5 billion yuan, 16 production lines are invested (the investment of equipment is about 1.5 billion yuan according to the current market price), and the production scale project of 8GW monocrystalline N-type TOPCON high-efficiency battery is built. The project will be implemented in two phases, of which:

the first phase will invest 2.5 billion yuan and invest 8 production lines to build a 4GW battery production scale;

the second phase will invest 2.5 billion yuan and invest 8 production lines to build an annual 4GW battery production scale; the second phase will be implemented after the first phase is completed. After the

project is completed, it is planned to achieve an annual invoice sales of 7 billion yuan.

November 2009, Xiangeqing was officially listed on the Shenzhen Stock Exchange, becoming the first private catering enterprise listed in China. The scenery of

Hunan and Hubei did not last long. Since the "Eight Provisions" were put forward in 2012, high-end catering related to official consumption has been the first to be severely rectified, and the situation in Hunan and Hubei has also been affected.

In 2012, the company's revenue was 13. In 2013, the revenue was only 802 million yuan, down 41.19% year-on-year, and the net profit was-564 million yuan, down-788. In 2014, the company's performance continued to decline, with a revenue of 621 million yuan. The net profit is -6.

The company has started a continuous cross-border "crazy" move

. Driven by sustained and huge losses, Xiangeqing has started a continuous cross-border self-help road.

In 2014, Xiangeqing changed the name of the company to Zhongke Yunwang Technology Group Co., Ltd., and announced that it would gradually divest the catering business. In the future, the company's main business will be transformed into the main business structure of new media, big data and environmental protection.

Since 2014, the cloud network of China Science and Technology has started a crazy cross-border. Hefei Tianyan Green Energy Development Co., Ltd., whose main project is the research and development, manufacture and sale of biomass energy equipment, was

acquired and 100% controlled.

Acquisition of 51% equity of CTV Wonderful Film and Television Culture Co., Ltd. and 51% equity of Flute Female Film and Television Co., Ltd.;

announcement of establishment of network new media and big data joint laboratory;

signing of Cooperation Agreement with Shandong Radio and Television New Media Co., Ltd.;

. In April

2015, the company issued a notice stating that the company had suffered losses for two consecutive years in 2013 and 2014; the audited net assets at the end of fiscal year 2014 were negative; and the annual financial accounting report of 2014 was issued with an audit report that could not express opinions. According to the relevant provisions of the Rules Governing the Listing of Stocks on the Shenzhen Stock Exchange, the Shenzhen Stock Exchange will implement a "delisting risk warning" on the shares of the Company, and the stock abbreviation has been changed from "Zhongke Yunwang" to "* ST Yunwang" for many times.

Looking through the company's public documents, the most frequent announcements in this period are "risk warning" and "suspension announcement

".

Crossover PV Starting from a "failed" cooperation

in September 2022, the company announced that in order to promote business adjustment and transformation, it signed the Framework Agreement with Shenzhen Pule to cooperate in the research and development and production of ultra-efficient N-type crystalline silicon batteries in two phases.

However, in November, the company announced that after field visits and investigations, it was found that the Xuzhou project of the target company had not been approved for production capacity, that the government's agent plant might be recovered, that the landing time of the first phase of N-type battery production capacity was uncertain, and that there was a big difference in the understanding of Xuzhou Pule's equity valuation between the two sides. The cooperation was aborted.

However, through this unsuccessful cooperation, China Cloud Network "took a fancy" to " China Cloud Network announced that after early understanding and active communication in the field of ultra-efficient N-type crystalline silicon battery research and development and production and manufacturing business, China Cloud Network announced that China Cloud Network had a good understanding of ultra-efficient N-type crystalline silicon battery research and development and manufacturing business. The company has basically determined the strategic development direction of transformation to the R & D and production of photovoltaic cells. The company will continue to promote the related work of expanding to this business area, and conduct further field visits to other new partners and their projects involved in the research and development and production of photovoltaic cells.

Therefore, China Cloud Network and Tongling New Energy (Yangzhou) Co., Ltd. (Hereinafter referred to as "Tongling New Energy") signed the "Cooperation Agreement", the two sides intend to cooperate in the field of research and development and manufacturing of ultra-efficient N-type crystalline silicon batteries, the specific landing project is Tongling New Energy Technology (Gaoyou) Co., Ltd. On December 24,

2022, in order to carry out the project smoothly, the company announced that it would apply for the establishment of a wholly-owned subsidiary, Zhongke Yunwang (Gaoyou) New Energy Technology Co., Ltd. in Gaoyou Economic Development Zone.

This cooperation has also laid the foundation for this year's 5 billion cross-border photovoltaic cell project.

However, by the end of 2022, the total assets of China Cloud Network are about 198 million yuan, the monetary capital on the company's books is 103 million yuan, and the asset-liability ratio is 65.

How to leverage 5 billion photovoltaic investment projects?

In this regard, China Cloud Network explained that the source of funds for project investment is the company's own funds or self-financing funds, and there is no harm to the interests of the company and all shareholders, especially small and medium-sized shareholders.

However, driven by the high prosperity and high demand of photovoltaic industry, after so many years of tossing and turning, China Cloud Network seems to have identified the photovoltaic cell business as the key to its turnaround.

China Cloud Network announced that China Cloud Network (Gaoyou) New Energy Technology Co., Ltd. will be the headquarters of the company's future investment and development of photovoltaic cell business in Gaoyou City, Jiangsu Province. In the future, the company will also choose the opportunity to relocate its registered and current office to Gaoyou headquarters. We will continue to pay attention to whether the cloud network of

China Science and Technology can turn over with this photovoltaic.