"Three in, three out"! Capital tycoon investigated

2023-10-12 09:30:07

The photovoltaic dream of "wool spinning giant" has not been fulfilled for more than ten years.

On the evening of October

9, two companies, Jiangsu Sunshine and Sihuan Biology, announced that their actual controller, Lu Keping, had received the Notice of Filing a Case from the SFC on the same day, and that the SFC had decided to file a case on suspicion of illegal manipulation of the securities market. Although the announcement did not disclose the specific reasons for the investigation, the market speculated that it was related to the manipulation of Sihuan Biology. Who is

Lu Keping?

Lu Keping, a native of Jiangyin, Jiangsu Province, was born in November 1944 and was once known as the "wool spinning giant". According to the data, Lu Keping is a senior economist with high school education. In 1979, he was appointed Deputy Secretary of the Party Branch of Jiangyin Worsted Textile Mill, and in 1986, he was promoted to Director and Secretary of the Party Branch.


Until 1993, with the revitalization of private economy in the market, Jiangyin Worsted Textile Mill also adapted to the situation and carried out joint-stock reform, renaming the company as Jiangsu Sunshine. Six years later, Lu Keping made a small test in capital operation, and Jiangsu Sunshine successfully listed on the A-share market. In 2002, Lu Keping became the actual controller of Jiangsu Sunshine through a series of operations. That is, in a year, Lu Keping set up Sunshine Group, ready to open his larger capital plate. The name of Lu Keping, the photovoltaic dream

of

the woolen textile giant, may not be so well-known in the photovoltaic circle now, but when it comes to Jiangsu Sunshine and Hairun Photovoltaic, we are still somewhat familiar with them. In fact, this "wool spinning giant" has tried to get involved in the photovoltaic industry early. According to the

data, as early as 2006, Lu Keping established Ningxia Sunshine Silicon Industry Co., Ltd. through Jiangsu Sunshine Investment to carry out polysilicon business. In 2008, due to the downturn in the polysilicon market, Ningxia Silicon Industry stopped production. After five years of hard work, it entered bankruptcy proceedings in 2013, completed bankruptcy proceedings in 2016, and cancelled industrial and commercial registration in 2019.

This time, Lu Keping was defeated by "Tianshi". Although he experienced a failure, he did not give up. In 2012, he changed his way of playing. Through Sunshine Group, he directly controlled Hairun Photovoltaic, an old photovoltaic enterprise that has been established for 8 years. In the same year, it successfully backdoor Jiangsu Shenlong listing.

Only a week later, the relevant departments of the state issued the "Twelfth Five-Year Plan for the Development of Solar Photovoltaic Industry ", which made it clear that the development of key photovoltaic enterprises would be supported. With the smooth road of

listing and the support of government policies, this time it seems that Lu Keping's photovoltaic road seems to be "in the right place at the right time", and finally he can play a big role in the photovoltaic industry, but he neglects "people and people". After experiencing the "blood-sucking" and "internal turmoil" of major shareholders, Hairun Photovoltaic finally declared bankruptcy in July 2021.

Lu Keping's photovoltaic road was interrupted again. Maybe the more you can't get, the more you want to conquer, or maybe you are short of money. Lu Keping "three into" photovoltaic, no longer "around" the road, but directly let the "old fellow" Jiangsu Sunshine transformation photovoltaic. In April

2022, Jiangsu Sunshine announced that it had signed the Investment Cooperation Agreement with Baotou Municipal Government and Jiuyuan District Government of Inner Mongolia respectively to invest 20 billion yuan in the construction of 100000 tons of polysilicon, 10g W single crystal rods, 10GW batteries and components and other projects. So far, Jiangsu Sunshine has officially announced a comprehensive transformation to the photovoltaic field.

But only eight months later, Jiangsu Sunshine announced the termination of the Inner Mongolia project and the construction in Ningxia, but so far there has been no follow-up. Lu Keping's photovoltaic road "fog" rises again.

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The photovoltaic dream of "wool spinning giant" has not been fulfilled for more than ten years.

2023-10-12 09:30:07