Short-term liabilities of nearly 10 billion! More than 5 billion funds are limited! The photovoltaic company responded!

announcement of

Digital New Energy DataBM, by the end of June 2025, the asset-liability ratio of Shuangliang Energy Conservation reached 84.35% , and the monetary capital was 5.612 billion yuan, but the restricted capital accounted for 5.052 billion yuan. Free use of funds is only 5.

At the same time, the short-term debt pressure of Shuangliang Energy Conservation is also very significant. By the end of June 2025, the company's short-term loans and long-term loans due within one year totaled 8.903 billion yuan , and the balance excluding discounted and unmatured bills was 53.

Shuangliang Energy Conservation said that most of the deposits (4.502 billion yuan) were bank acceptance bills, accounting for 95% of the balance of bank acceptance bills issued.

TCL Central Bank's acceptance margin accounted for only 12.28% , while Longji Green Energy accounted for 26.35% . The proportion of Hongyuan green energy is 32.

According to the latest quarterly report, Shuangliang Energy Conservation achieved revenue of 6.076 billion yuan in the first three quarters, down 41.27% from the same period last year; However, in a single quarter, the company's net profit in the third quarter was 53.1779 million yuan , a year-on-year turnaround, an increase of 164

. The identity of customers and suppliers of Shuangliang Energy Conservation has also aroused concern. In the first half of

2025, Shuangliang Energy Saving In the photovoltaic new energy sector," Company B "is the largest customer , with a transaction volume of 4. In the same period, "Company B" also ranked second among its top five suppliers. Shuangliang Energy Saving purchased 2.

is due to the relatively independent settlement of each segment within" Company B "0 HTM L0 UNK1 0, the Company confirms the sales revenue of "Company B" by the total amount method, the pricing of the purchase and sales business of both parties is independent of each other, and there is no association between 0 HTML0 UNK1 1 and 0 HTML0 UNK1 2. 0HTML0 UNK1 3 In addition, Shuangliang Energy Conservation also said in its reply that when purchasing silicon materials and selling monocrystalline silicon rods and wafers from "Company B", the company priced them according to the market, and the pricing was fair and reasonable.