On February 8, Mingguan New Material announced that. Decided to terminate the investment in the construction of solar energy in Feidong County 
on the reasons for termination, Mingguan New Material said that since the fourth quarter of 2023, Photovoltaic industry has emerged " Considering that in 2026, the global backplane market will further shrink to less than 5%. Mingguan New Material decided to terminate the above project.
However, thanks to the previous research and development of Mingguan New Material, the 0BB functional film has won BC " such as Aixu and Longji. The first phase of Mingguan New Material plans to produce 350 million square meters of special functional film for new battery packaging annually, with a total investment of 290 million yuan , and has started construction; 1.
Looking back, the preparation of Mingguan New Material for the above-mentioned Feidong Project can be traced back to 2023 at the earliest. In February
of that year, Mingguan New Material reached cooperation with Feidong County, Hefei, Anhui Province, and signed a contract to build the above-mentioned production base project. To this end, Mingguan New Material (Hefei) Co., Ltd., a wholly-owned subsidiary of Mingguan New Material, has been set up to implement the investment, construction and operation of the project.
According to the initial plan, the total investment of the project is estimated to be 5 billion yuan , which is planned to be implemented in two phases, of which the first phase plans to build an annual output of 300 million square meters of solar backplane and 200 million square meters of functional film; The second phase will start in time according to the construction and operation of the first phase. After the signing of the
project, the first phase of infrastructure such as factory buildings, office buildings and dormitories was entrusted by Feidong County Government to Hefei Dongcheng Industrial Investment Co., Ltd. for construction, which has been basically completed by the fourth quarter of 2025. However, as of the announcement date, the project has not yet carried out equipment installation .
The announcement also disclosed that Mingguan New Material had invested a total of 1.6341 million yuan in the Feidong project, and the final payment is expected to be paid 87
. Recently, Mingguan New Material also issued a 2025 annual performance forecast, saying that the company expects to achieve a net profit loss of 125 million yuan during the reporting period. It is worth noting that this is the third consecutive year of loss for Mingguan New Material.Previously, in 2023 and 2024, the total net profit loss of the company was 0.
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