11, Jiayu announced that Xuzhou Jiayu Solar Energy Technology Co., Ltd. (Hereinafter referred to as "Xuzhou Jiayu"), a wholly-owned subsidiary of the company, intends to sell its photovoltaic modules, frame production lines and auxiliary equipment to Changzhou Shengduo Technology Co., Ltd. The selling price of this transaction is RMB 2.8425 million. According to
the data, Xuzhou Jiayu, founded in 2014, is the main platform for Jiayu to engage in photovoltaic business. At present, the company has 6GW module production capacity, and has three major businesses of module products, EPC scheme and photovoltaic power plant operation.
In 2022, Jiayu's photovoltaic industry chain related business realized revenue of 1.483 billion yuan, an increase of 49.74% over the same period last year. From the perspective of revenue structure, in recent years, photovoltaic business has gradually surpassed the company's main business of building decoration and become the company's largest business. In the first half of 2021, 2022 and 2023, the proportion of photovoltaic business revenue in total revenue showed an increasing trend, which was 69.28%, 75.90% and 89.06% respectively.
Although the revenue of photovoltaic business sector continues to grow, the operation of Xuzhou Jiayu is not smooth.
Last October, the company was listed as the executed person by Gaobeidian City Court, with the execution target of 1.7588 million yuan, and then at the end of December, the company's 275 million contract with BYD Supply Chain Management Co., Ltd. In August
this year, the company was again enforced by the People's Court of Huanggu District of Shenyang City for 204,900 yuan.
In addition, after consulting the annual report of Jiayu in 2022, the Digital New Energy DataBM. Com found that in 2022 alone, Xuzhou Jiayu was involved in five related lawsuits.