Lost 1.2 billion in 6 years! Photovoltaic "monster stock" myth shattered

2026-07-13 17:40:42

On the evening of July 7, a paper announcement pushed the photovoltaic "monster stock" Guosheng Science and Technology to the top of the storm again.

On the evening of July

7, a paper announcement pushed the photovoltaic "monster stock" Guosheng Science and Technology to the top of the storm again.

The announcement shows that Anhui Guosheng New Energy, a second-level holding subsidiary of Guosheng Science and Technology, recently received a summons from the court and was sued by Shanghai Electric Group Hengxi Photovoltaic Technology (Nantong) Co., Ltd.

In addition to Anhui Guosheng New Energy, its controlling shareholder Guosheng Energy Co., Ltd. (Hereinafter referred to as "Guosheng Energy") and Wu Jun, the current chairman and actual controller of the company, were also listed as defendants.

In retrospect, this dispute originated from the Photovoltaic

agreement landed, Hengxi Photovoltaic completed the delivery of goods in batches according to the contract, but Anhui Guosheng New Energy only paid 41 million yuan for the goods, the remaining 1. For this reason, Hengxi Photovoltaic sued for immediate payment of 115 million yuan for the remaining goods. And bear liquidated damages 23.

6 years of loss of 1.2 billion!

It was sued by Hongrun Taiyang (Xuancheng) Green Energy Co., Ltd., and the amount involved was about 0.

By the end of June 2026, in addition to the litigation and arbitration cases that had been publicized. For 12 consecutive months, the cumulative amount of new lawsuits and arbitrations by Guosheng Technology and its subsidiaries has reached 8214.

The company's share price has been soaring in the secondary market. Data show that on September 23, 2025, the share price of Guosheng Science and Technology had touched a low of 3.23 yuan; by April 9, 2026, the company's share price had soared to 34.

Why can a company with constant disputes and hidden dangers get out of the capital market? Ccement. Com/news/2607/richtext/IMG/xisu4lk07vp1783935421859.

However, due to the decline in the profitability of the main business, the company has successively crossed the fields of cultural tourism, environmental protection, cemeteries and so on, but all ended in failure. In 2022, the company aimed at the hot photovoltaic track, joined hands with Guosheng Energy to start business restructuring, and bet all the chips on HJT technology , which was hot in the market at that time . After the

transformation of photovoltaic, the company has landed a number of 10 billion-level heterojunction projects, and has also established in-depth cooperation with state-owned enterprises such as CGN and China Nuclear Huineng, and has won many orders for centralized procurement. According to the official website, the company has built six production bases in Jiangsu and Anhui, and is accelerating the construction of two bases in Xinjiang and Hebei.

Lost 1.2 billion in 6 years!

October, The official of Guosheng Science and Technology announced that Anhui Guosheng New Energy planned to invest 2.

The good news was released one after another, which directly pushed the share price of Guosheng Science and Technology up and down for several consecutive days. Then in

December, Musk announced that he would deploy 100GW solar AI satellite energy network to space every year, " that Guosheng Technology, with its heavy warehouse HJT technology, is highly expected by the market. It is believed that the large-scale and low-cost domestic substitution of space photovoltaic can be realized quickly. After wearing this halo, the company's share price soared all the way.

Although the company clarified in February 2026 that it did not actually carry out space photovoltaic business and had no related revenue, the announcement did not dilute the enthusiasm of the market, and the share price of Guosheng Technologies remained high.

From heterojunction to solid-state batteries, to lithium batteries and space photovoltaics, each of them is a hot topic in the market stage, and almost all of them have declined. With the ultimate "storytelling" ability, Guosheng Science and Technology took only seven months to give birth to the myth of a tenfold increase in the company's share price.

Myth is shattered: Performance punctures the truth

of the story. No matter how beautiful the story is, the long-term value is ultimately determined by performance.

The data show that from 2020 to 2025, Guosheng Science and Technology has been losing money for six consecutive years, with a total loss of more than 1.2 billion yuan . Among them, there was a huge loss in 2025 alone. 5. In 2026, the company's loss situation has not been reversed, with another loss of 34.83 million yuan in the first quarter . By the end of the first quarter of 2026, the company had total assets of 2.679 billion yuan and total liabilities of 21.

lost 1.2 billion yuan in 6 years!

April, 2. ( is affected by this, The stock price of Guosheng Science and Technology dropped by one word the next day, and its market value evaporated by more than 2 billion yuan in a single day.

More than failure of mergers and acquisitions, Guosheng Science and Technology has previously announced 2. It is worth noting that Guosheng Science and Technology has repeatedly indicated liquidity and project delay risks in the announcement of changes. When

the house leaks, it rains all night. When the company's 2025 annual report came out, even the company's identity as a "heterojunction photovoltaic cell manufacturer" began to be questioned by the market. According to the

data, the output of photovoltaic cells of Guosheng Science and Technology in 2025 was only 2.62 MW , a sharp drop of 96 compared with the same period last year . Whether it has become a component "assembler" highly dependent on outsourcing.

Lost 1.2 billion in 6 years!

The authenticity of financial reports has long been questioned by regulators.

In the postscript

, from soaring to exploding, Guosheng Science and Technology has sounded an alarm bell for enterprises keen on the concept of speculation: the concept can support a temporary high valuation. However , sustained profitability, healthy operating conditions, hard-core technological competitiveness and standardized operation are the foundation for the long-term development of an enterprise.

It is noteworthy that the Ministry of Industry and Information Technology, the Development and Reform Commission and the General Administration of Market Supervision recently jointly issued three mandatory national standards for energy efficiency of photovoltaic energy consumption, which will be implemented soon, indicating that the photovoltaic industry will shift from the era of "scale competition" to the era of "energy efficiency competition" , and a new round of "big clearance" has begun.

For enterprises, instead of following the trend to hype all kinds of track concepts, it is better to sink down and polish core products .

All can be viewed after purchase
Correlation

On the evening of July 7, a paper announcement pushed the photovoltaic "monster stock" Guosheng Science and Technology to the top of the storm again.

2026-07-13 17:40:42

Acquisition of Asia Silicon by Red Lion Holdings Group Limited

2023-03-14 09:39:31

Further enhance the company's market competitiveness and profitability.

2023-02-16 09:39:32

The project has just expanded from 15GW to 29GW per year!

2023-02-07 10:29:12

According to the China Cement Network Market Data Center news, the northwest cement market as a whole is weak, the implementation of price increases is uneven, and the short-term situation continues to be volatile.