After half a year, Yisheng Technology lost the first battle in the "cross-border" energy storage industry. On the evening of October
14, Yisheng Technologies announced the termination of the transaction related to the purchase of 69.71% of the shares of Xingchu Century.
Earlier in April, Liusheng Technologies announced that it intends to issue shares and pay cash. Purchase 69.71% of the total shares of Xingchu Century from 38 counterparties such as Zigong Jinma Investment, Fuzhou new digital infrastructure Industry Investment Partnership (Limited Partnership) and Qingchuang Bole Dahai (Qingdao) Equity Investment Partnership (Limited Partnership). At the same time, Yisheng Science and Technology intends to raise matching funds by issuing shares to Hainan Yisheng.
As for the reasons for the termination of the transaction, Liusheng Technologies disclosed that the parties to the transaction failed to reach an agreement on the core terms such as the transaction price.
In October 15th, the closing price of the technology was 6.52 yuan per share, a decline of 4.68%.
At present , the photovoltaic industry is in the stage of accelerated liquidation, and many cross-border enterprises have withdrawn actively or passively. As a member of the cross-border, Yisheng Technology is still strong at present, but the days are very difficult.
According to this year's semi-annual report, the company achieved revenue of 209.4 million yuan and net profit loss of 0.5 billion yuan in the first half of the year. Among them, the loss in the second quarter of this year was 0.27 billion yuan. Since the second quarter of 2021, Yisheng Technologies has lost 17 consecutive quarters.
Note: The value in brackets in the picture indicates the loss value
. As of the end of June this year, the total assets of Yisheng Technology were 3.031 billion yuan, the total liabilities were 2.324 billion yuan, and the asset-liability ratio was 76.69%. Among them, the company's monetary capital on its books is only 87 million yuan, but its accounts payable alone has reached 740 million yuan.
After years of losses, Yisheng Technology had to rack its brains to "return blood", for which the company "sold" many times, while its controlling shareholder, Hainan Yisheng, also "transfused blood" many times.
In addition, on September 19, Lishengke announced that it would change the purchase contract of 2G W heterojunction solar cell production line equipment with Jinshi Energy to terminate the purchase of 1G W solar cell production line equipment. In this regard, Shengsheng Technologies said that it is expected to effectively reduce the company's liabilities and future debt repayment risks, help to reduce related operating expenses, improve operational efficiency and operating profits.
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