On October 14, Guosheng Science and Technology announced that on October 13, the company received a notice from the controlling shareholder Guosheng Energy Co., Ltd. (Hereinafter referred to as "Guosheng Energy") that part of the company's shares held by Guosheng Energy were judicially frozen, waiting for freezing and judicially marked.
The announcement shows that Guosheng Energy holds 108,295,827 shares of Guosheng Technology. Among them, 24,914,310 shares were frozen this time, accounting for 23.01% of its shareholding; 13,718,974 shares were waiting to be frozen, accounting for 12.67% of its shareholding; Judicially marked 1,450,000 shares, accounting for 1% of its shareholdings.
Regarding the freezing of shares, waiting for freezing and judicial marking, Guosheng Technology said that it was due to the debt of Guosheng Energy itself and the overdue debt guaranteed for the holding subsidiaries of listed companies.
As of the disclosure date of the announcement, among the shares of listed companies held by Guosheng Energy, 100,678,974 shares were frozen, frozen and judicially marked, accounting for 92.97% of its shares.
On the one hand, the controlling shareholder's equity has been frozen, waiting for freezing and judicial marking due to debt problems, while on the other hand, the subsidiary of Guosheng Science and Technology has also been deeply involved in debt recovery disputes. The
former "Little Sweetie" has now become the defendant
. On October 13, Guosheng Science and Technology disclosed that. Holding subsidiaries Jiangsu Guosheng Shian New Energy Co., Ltd. (Hereinafter referred to as Jiangsu Guosheng Shian), Xinjiang Guosheng Shian New Energy Co., Ltd. and Xinjiang Guosheng Qicheng New Energy Co., Ltd. (Hereinafter referred to as Xinjiang Guosheng Qicheng) have recently received the Application for Arbitration served by the Beijing Arbitration Commission. According to
the Arbitration Application, the Bazhou Emerging Industry Investment Fund Partnership (Limited Partnership) (hereinafter referred to as the Bazhou Fund) submitted an arbitration to the Beijing Arbitration Commission, requesting an award that Jiangsu Guoshengshi'an should buy back its shares in Xinjiang Guoshengshi, pay liquidated damages and various expenses, and submit to the Beijing Arbitration Commission for arbitration. The amount involved in the case is temporarily 42,827,771.46 yuan (about 4282.
capital increase, Xinjiang Guosheng Shi'an New Energy is responsible for and guarantees that Xinjiang Guosheng Qicheng will complete and put into operation the first phase of the 2.5g W project before June 30, 2025 , and start the remaining
2.5g W project before December 31, 2025. If the matters for which Xinjiang Guosheng Shian New Energy is responsible fail to be satisfied within the time stipulated in the agreement, Bazhou Fund has the right to require Jiangsu Guosheng Shian to repurchase all (or) part of the equity of the target company held by it, and has agreed on the corresponding joint and several liabilities. At the same time,
the agreement stipulates that if Jiangsu Guosheng Shian fails to fulfill its repurchase obligation before the expiration of the time limit, it shall pay liquidated damages to the Bazhou Fund according to the standard of 4 /10000 of the repurchase price per day from the date of overdue. The annual interest rate is 14.
According to the data, Guosheng Energy has built Guosheng (Ruoqiang) Double Carbon Silicon-based Industrial Park Project in Ruoqiang County, Bayingolin Mongolian Autonomous Prefecture, Xinjiang, with a planned investment of about 30 billion yuan. The construction of 100000 tons of silicon materials , 40 GW crystal pulling, 5G W silicon wafers, 5G W heterojunction batteries and 5GW heterojunction " is planned to invest about 12.2 billion yuan in the first phase of the project. 50,000 tons of high-purity silicon materials, 10g W crystal pulling, 5G W silicon wafers, 2G W batteries and 2G W heterojunction modules will be constructed. The project started construction on October 27, 2023. In January 2025, the first 5G W heterojunction module of the industrial park project was successfully launched.
According to local media reports in January 2025, Zhu Mengyu, then deputy general manager of Xinjiang Guosheng Qicheng, said that the first phase of the project had the conditions for mass production and was expected to reach full production in mid-March 2025.
Digital New Energy DataBM. Com consulted Guosheng Science and Technology Periodic Report and found that the annual report of 2024 showed that the construction progress of Ruoqiang production base in Xinjiang was only 58.89%, and by the first half of 2025, the progress had reached 85.46%. By the end of 2025, it will reach 99. However, in the semi-annual report of the company in 2026, the progress of the above-mentioned projects is still 99.
Backdoor Listing,
Although Guosheng Energy was founded in January 2022 and is a novice in the photovoltaic industry, it has planned a total investment of 80 billion yuan in less than two years. The company was once called "photovoltaic black horse" by the industry.
At the same time, Guosheng Energy also acquired dry landscape gardens in the second half of 2023 to achieve backdoor listing. Subsequently, Ganjing Garden was renamed Guosheng Science and Technology, and its business scope also increased photovoltaic, wind power and so on.
It's just that Guosheng, who used to have unlimited scenery, is now full of wolves.
First of all, there is more than blood loss in performance. Digital new energy DataBM. Com only counted the performance of Guosheng Energy after its successful backdoor borrowing. In the first half of 2023 to 2026, the company lost 8. In the first half of this year, the net profit of Guosheng Science and Technology lost 0.
During this period, the company's asset-liability ratio continued to rise. As of the first half of 2026, the company's asset-liability ratio has reached 82.
According to the announcement of Guosheng Science and Technology on September 17, As of the announcement date, Guosheng Technology and its wholly-owned and holding subsidiaries have accumulated 5,226 new litigation and arbitration amounts for 12 consecutive months in addition to the disclosed litigation and arbitration.
On September 23, Guosheng Technology disclosed litigation disputes with Jiangsu Zhenjiang Municipal Construction Group Co., Ltd. The amount involved was 53 million yuan and interest. However, behind this, a disguised high-interest loan of 20 million yuan was involved. On March 2
this year, Zhenjiang Municipal Administration and Guosheng Science and Technology signed the Agreement on Cooperation of China Nuclear Huineng Fengtai Huisheng Photovoltaic Power Generation Project, which stipulates that the two sides will cooperate in the development of China Nuclear Huineng Fengtai Huisheng 100 MW Photovoltaic Power Generation Project and China Nuclear Huineng Fengtai Huisheng 100 MW Photovoltaic Power Generation Project in 2026, and that the two sides will cooperate in the development of China Nuclear Huineng. Zhenjiang Municipal Administration provided Guosheng Science and Technology with a loan of 20 million yuan to coordinate the early needs of the above projects.
However, the above contract failed to land smoothly. According to the agreement, Guosheng Science and Technology will not only return 20 million yuan of loans, but also bear 15% of the annual interest on funds, and compensate Zhenjiang Municipal Administration for 5% of the total investment of the project.
It is noteworthy that the EPC general contracting of the above-mentioned China Nuclear Huineng Fengtai Huisheng 100MW Photovoltaic Power Generation Project only issued the first tender announcement on August 19, 2026. At this point, people can not help but wonder: Why Guosheng Technology and Zhenjiang Municipal Administration reached cooperation as early as March? Ccement. Com/news/2610/richtext/IMG/6ad09c332ecb96840137.
According to the loan market quotation rate (LPR) released by the official website of the People's Bank of China on February 24, the one-year LPR is 3%. The LPR of more than 5 years is 3. The interest rate of 15% of the above contract is five times the LPR at that time. According to relevant regulations, the interest rate has exceeded the upper limit of judicial protection for private lending.
On the other hand, according to the data of Oriental Wealth Network, in the first half of 2026, the gross profit rate of Guosheng Science and Technology was -6.75%, and the net profit rate was -35. As mentioned above, the company is still in a state of continuous loss.
In this case, why does Guosheng Science and Technology dare to promise 15% interest on capital in the above contract?
In response to the above questions, Guosheng Science and Technology has not yet responded publicly.
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