China's photovoltaic industry has returned, but the scenery of Suntech in Wuxi may fall into the past forever.
Digital New Energy DataBM. Chairman Shao Yangming and director Chen Bihua withdrew, and Li Lu was added as director. The legal representative of the company was changed to He Shufan on November 2 , and also became the chairman of Suntech in Wuxi.
In less than a month https://hxny.com/20231109/1699524488054., the chairman of Wuxi Suntech has changed three people.". Interestingly, Wuxi Suntech's parent company, Jiangsu Shunfeng Photovoltaic Technology Co., Ltd. (Hereinafter referred to as "Jiangsu Shunfeng Photovoltaic"), is also experiencing the same group of people "stationed".
On October 26, He Shufan became the chairman of Shunfeng Photovoltaic Company and the legal representative of the company. Wang Yang was added as a supervisor. Former director Liu Bin and former supervisor Xue Juanhua withdrew.
Source: From Tian Eye Check
, the senior leaders of Jiangsu Shunfeng Photovoltaic Company and Wuxi Suntech have changed their blood at the same time, which makes people want to ask, "What's wrong with this?" Is it related to Wuxi Suntech becoming the executed person in September? At the same time, Jiangsu Shunfeng Photovoltaic Company is also on the list of executed persons.
However, Wuxi Suntech and Shi Zhengrong failed to continue their glory. Due to various factors such as poor management and special background of the times, Wuxi Suntech finally went bankrupt and reorganized in March 2013, and Shunfeng Photovoltaic Company also appeared at this time. In July
2013, when four enterprises, Trina Solar, Yingli Group, China West Power and Beijing Putian New Energy, were engaged in a "battle", in September, Shunfeng Photovoltaic suddenly joined in, and eventually took over Wuxi Suntech at a high price of 3.1 billion yuan.
However, Shunfeng Photovoltaic Company is only an unknown small enterprise in Hong Kong. According to the data, in 2012, Shunfeng Photovoltaic Company, which is mainly engaged in photovoltaic cell products, achieved a revenue of HK $ 270 million, and its loss intensified in the first half of 2013. Jinglida-6.
This series of operations can not be separated from the actual controller of Shunfeng Photovoltaic, the capital crocodile Zheng Jianming .
, who was not born in the manufacturing industry but was active in the capital investment field for many years, according to a creditor of Suntech at that time." Zheng Jianming likes to invest in and out quickly, and he used this technique to speculate in land and collections in those years. At the same time, a senior executive of a photovoltaic company said that Zheng Jianming's plan was only for a larger scale of capital operation, whether it was Saiwei before or Suntech now, it would become a financing platform in his huge capital layout. "
There are signs of this from the beginning of the acquisition of Suntech.". At the end of 2012, the cash flow of Shunfeng Photovoltaic Company was only 2. Shunfeng Photovoltaic Company also promised to take a variety of measures to revitalize, but this sentence, when taking over LDK, Zheng Jianming also said, but until Suntech, there was no effective means.
A person whose heart is not here has taken over everyone's hope. When will he be able to climb the high platform again?In
2014, the share price of Shunfeng Photovoltaic Company , which took over Suntech in Wuxi, soared nearly 16 times , which is extremely rare in the depressed photovoltaic industry. Shunfeng Photovoltaic Company also changed its name to Shunfeng International Clean Energy Co., Ltd. (hereinafter referred to as Shunfeng Clean Energy).
But Wuxi Suntech does not seem to have such good luck, after the reorganization of the company's vitality, it seems that they have not been able to get out of the trough. In February
2014, Suntech Power delisted from the New York Stock Exchange.
In 2015, Wuxi Suntech announced that its module production capacity had recovered to 2.
Since then, as the photovoltaic industry has entered a downturn, Wuxi Suntech has been in a tepid state. After the release of China's photovoltaic 531 New Deal
in 2018, Shunfeng Clean Energy, which has been losing money for many years, began to seek to sell Wuxi Suntech . In March
2019, Shunfeng Clean Energy announced that it intends to sell 100% of Jiangsu Shunfeng Photovoltaic Company for 3 billion yuan. The latter controls 100% of Wuxi Suntech's equity . In July
2019, Wuxi Suntech was listed as a discredited executor by the First Intermediate People's Court of Shanghai for a sum of 200 million yuan in arrears , while the property rights of two subsidiaries were frozen.
In 2019, the company achieved business income
of 11.2022, and the company also broke the news of "internal strife" within a year. Chairman Zhang Fubo , President Tang Jun and other four veteran figures left one after another, while the sales team also appeared "lack of people", orders are fault-like decline.
today, there are frequent changes in the executive team and rapid changes in the leadership." Is it the unremitting efforts of Wuxi Suntech or Shunfeng Optoelectronics to return to the glorious years, or the struggle in the quagmire and the resurgence of the storm?
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