photovoltaic industry , the days of photovoltaic "shovel-sellers" are not easy. On December 31,
2025, the company announced that in March 2024, it had signed an equipment sales contract of 530 million yuan with photovoltaic enterprise customers. Now , due to the adjustment of customer strategy, the two sides adjust the original contract content and sign a supplementary agreement according to the type and quantity of equipment actually delivered by the company.

According to the announcement, after negotiation and adjustment, the total contract amount will be changed from 530 million yuan to 410 million yuan , and the equipment involved in the contract has been delivered after the change. At the same time, the remaining payment arrangements have been agreed, and the remaining unpaid payment will be settled by both parties within the agreed time limit.
It is worth noting that, in addition to micro-nano, Otway, Maiwei shares and other photovoltaic equipment companies are affected by the photovoltaic industry, photovoltaic equipment orders have also declined significantly.
According to Otway's third quarterly report in 2025, as of September 30, 2025, the company's orders in hand amounted to 9.940 billion yuan, down 26% from January to September 2024.
In addition, the company's revenue during the reporting period was 1.991 billion yuan, a decrease of 31.3% compared with the same period last year, mainly due to the overall impact of the photovoltaic industry, the company's sales of solar cell production equipment declined .
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