On July 16, Haiyou New Material announced the termination of the "200 million square meters photovoltaic packaging film project (Phase I)".
As for the reasons for the termination of the project, Haiyou New Material explained in the announcement that it was mainly affected by the global ". Previously, on March 5 , 2025, Haiyou New Material had postponed the project from March 2024 to September 2025, but now it has not yet started . He announced the termination directly.
It is understood that the terminated "photovoltaic packaging film project with an annual output of 200 million square meters (Phase I)" is located in Pinghu City, Zhejiang Province and Beijiang Province , Vietnam. The total investment is 45913.
As of July 11, 2025, the accumulated raised funds actually invested in the project are 99.9127 million yuan , and the unused raised funds are 22602.