On September 4, Bangjie issued a prompt announcement on the application for bankruptcy reorganization of its subsidiaries.
The announcement shows that Yangzhou Bangjie New Energy Technology Co., Ltd., a subsidiary of Bangjie Holdings Co., Ltd., was held by the Suzhou Branch of the Creditor Industrial Bank Co., Ltd. on the grounds that it could not pay off the debts due and obviously lacked the solvency but had the value of reorganization. It has applied to the People's Court of Yangzhou Economic and Technological Development Zone for pre-reorganization, and the court has filed a case for examination .
The data show that the total assets of Yangzhou Bangjie are 2.158 billion yuan, the total liabilities are 2.652 billion yuan, the net assets are-494 million yuan , and the business income from January to June 2025 is 0 . Net profit was-124 million yuan . Its financial liability exposure balance is about 630 million yuan, and Bangjie has provided joint and several liability guarantee; at the same time, Bangjie has directly and indirectly invested 505 million yuan in Yangzhou Bangjie (all paid-in), providing financial support of about 650 million yuan.
If Yangzhou Bangjie enters the reorganization process, the company may face many risks, such as guarantee obligations, long-term equity investment can not be recovered, and other receivables can not be recovered.
However, in addition to the application for bankruptcy pre-reorganization of Yangzhou Bangjie, a subsidiary company of Bangjie, on August 21, not long ago. Bangjie announced that it intends to terminate the project of producing 10g W high-efficiency photovoltaic modules and R & D centers annually.
It is worth noting that the production line of Yangzhou Bangjie high-efficiency photovoltaic solar cells has been shut down since March 1, 2025. On August 15
last year, Bangjie announced that Jiangsu Pratt & Whitney Health Examination Co., Ltd. had applied to the People's Court of Yangzhou Economic and Technological Development Zone (hereinafter referred to as the "Court") for bankruptcy reorganization of Yangzhou Bangjie for the same reasons as above.
But two months later, on October 8 of the same year, Bangjie announced that the company received the Civil Ruling issued by the court on September 30, 2024, and the court allowed the applicant, Jiangsu Pratt & Whitney Health Examination Co., Ltd. , to withdraw the bankruptcy reorganization application for Yangzhou Bangjie.