Jiangsu's three major photovoltaic projects were terminated ahead of schedule!

On December 5, Tianyang New Material issued an announcement. Announced that it intends to terminate the follow-up investment of " Nantong Photovoltaic Film Project" and "Haian Photovoltaic Film Project" in the non-public offering fund-raising investment projects in 2022.

In this regard, Tianyang New Material explained that by the end of the third quarter of 2025, the supply and demand of photovoltaic industry capacity had not improved significantly, and the photovoltaic film business continued to compete at low prices, which aggravated the loss of the sector. With the further intensification of market competition, the business operation may continue to be under pressure, continue to invest and operate or fail to achieve the expected return .

It is noteworthy that on May 26, 2025, Tianyang New Material postponed the completion time of the two photovoltaic film projects from June 2025 to June 2026.

Among them, "Haian Photovoltaic Film Project" has experienced two delays . In addition, Kunshan Tianyang Photovoltaic Materials Co., Ltd., another investment project of Tianyang New Materials, has a new annual output of 1. (Related reading: ill-fated!

As of the disclosure date of the announcement, the investment progress of "Nantong Photovoltaic Film Project" was 79.38%, the construction area of the plant was 88260 89 square meters, and the investment of 25 photovoltaic packaging film production lines was completed; The investment progress of

"Haian Photovoltaic Film Project" is 31.33%. 76607 of completed construction area. The fund usage is as follows:

that for the completed plants of the previous two projects, the company will, according to the needs, Part of the equipment is used for the production of hot melt film and other products, and the remaining part is used for the production of other new businesses or for rental or sale; part of the equipment that has been put into use is used for the production of other products through transformation, and part of the equipment will be sold according to market demand.

In addition, on November 29, Tongling shares also terminated the "solar Regarding the reasons for termination, Tongling said that the current production capacity of the company's photovoltaic junction box has been able to meet the expected order demand at present and in the future, and if new construction continues, it may further increase the risk of idle production capacity.

It is reported that the project is located in Yancheng, Jiangsu Province." If the project is completed and fully put into production, it is estimated that the annual production capacity of 60 million sets of junction boxes will be increased. As of November 29, Tongling Co., Ltd. has built a production capacity of 7.5 million sets per year .