On August 12, Haining Picheng issued an announcement. Its wholly-owned subsidiary, Haining Picheng New Energy Development Co., Ltd., intends to acquire 100% equity of 38 target photovoltaic companies for 226 million yuan . On August 11, the relevant equity transfer agreement was signed.
The announcement shows that according to the needs of business development, Haining Picheng New Energy Development Co., Ltd. intends to purchase 38 shares of photovoltaic companies under Zhejiang Shengmao New Energy Technology Co., Ltd., Haining Juhui New Energy Co., Ltd. and Haining Xinjie New Energy Technology Co., Ltd.
It is understood that the above target photovoltaic companies are distributed in Zhejiang, Jiangsu, Anhui and Hubei provinces . According to the
data, Haining Picheng was established in Jiaxing, Zhejiang Province in February 1999 and successfully listed on the Shenzhen Stock Exchange in January 2010. In recent years, while maintaining the development of the main leather industry, enterprises have actively expanded the upgrading of the fashion industry and laid out the health industry. According to the data of
2025 annual report, the company realized 1.021 billion yuan in operating income and 71 million yuan in net profit during the reporting period. It is noteworthy that the company's net profit has declined four times in a row since 2021.
In this context, the company's layout of photovoltaic assets business through new energy companies is regarded as a measure to expand new growth points .
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