On December 12, * ST Changyao announced that Yiheng Science and Technology, a subsidiary of the company, had recently stopped production. The reason is that the competitive environment of the photovoltaic industry and its own capital constraints, sustained losses, in order to avoid the expansion of losses, reduce costs and stop production. Yiheng
Science and Technology was founded in June 2000. Its main business is the research and development and production of solar cell module equipment. In the first three quarters of 2025, its revenue was 61.1555 million yuan, its net profit loss was 26.8548 million yuan, and its total assets were 139 million yuan as of September 30. The net assets are-64 million yuan.
* ST Changyao said that the shutdown of Yiheng Science and Technology is in line with the strategy of focusing on the pharmaceutical industry. The company has arranged to set up a special class to collect payment for goods and give priority to the settlement of arrears of wages. Yiheng Science and Technology will decide whether to resume production according to market conditions and seek cooperation to reduce the impact of shutdown.
浙公网安备33010802003254号