Buying photovoltaic production lines and planning to increase production, this photovoltaic company on the verge of delisting is "OK" again?

On December 18, * ST Haiyuan announced that in order to optimize the production capacity structure of photovoltaic modules . Xinyu Haiyuan Power Supply Technology Co., Ltd., a subsidiary company, intends to purchase a second-hand 150 MW TOPCON photovoltaic module production line from Ziguang Industrial Technology (Chuzhou) Co., Ltd. Contract amount 963.

According to the announcement, the N-type photovoltaic production line purchased by * ST Haiyuan will cover the capacity of the company's original P-type photovoltaic production line. In addition, * ST Haiyuan will purchase a small amount of equipment on the basis of this production line and further upgrade it to an annual production line of 300 MW TOPCON photovoltaic modules.

announcement disclosure, The subject matter was purchased by Chuzhou Ziguang on February 18, 2023 at 1196. More than two years later, the purchase price of * ST Haiyuan has been reduced by about 4 million yuan compared with the original price mentioned above. According to

the data, * ST Haiyuan was founded in 1988, and its main business was initially mechanical equipment and composite products. In 2020, it entered the photovoltaic track through the acquisition of Xinyu Saiwei, a subsidiary of Jiangxi Saiwei.

Since then, * ST Haiyuan has planned a number of https://www.databm. exceeding 10 billion yuan, but unfortunately, these projects have not really been implemented . In March 2024, Haiyuan Composite Material transferred 100% of Chuzhou Energy to Aixu Science and Technology for 38 million yuan .

According to the semi-annual report of * ST Haiyuan 2025, as of the end of June 2025, the 2.7 GW N-type high-efficiency photovoltaic cell project under construction is still in a suspended state . The progress of the project is only 12.