A seemingly ordinary asset auction brings time back to many years ago. These machines and equipment, once started with local government investment, enterprise expansion and industry upward cycle, are now waiting for a new direction in the factory area where production has stopped.
According to the auction content, the appraisal price of 1012 machines and equipment is 137 million yuan, the starting price of 9598.60
dry-type transformers is 5.0909 million yuan, and the starting price is 3.5637 million yuan. The deposit is 710000 yuan.
the same year, Jingyuntong "Wuhai Jingyuntong New Material Industrial Park Project" held a foundation-laying ceremony in Haibowan Industrial Park, Wuhai City. In February 2018, the trial production of the first polysilicon ingot of the project was successful.
Now, brushing away the coat of thousands of equipment to be auctioned, what emerges is the "love and hate" entanglement between Beijing Express and Wuhai City for many years. The "rift" between the two sides may have emerged as early as the relocation of the second phase of the project, and after many years, the two sides finally went to court.
In addition to the above projects, Beijing Express has also planned to build the second phase of 10g W high-efficiency monocrystalline silicon rod project in Wuhai City. On March 7,
2020, Beijing Express released the "Plan for Non-public Issuance of Shares in 2020". The company intends to raise no more than 2.5 billion yuan for Wuhai 10GW high-efficiency monocrystalline silicon rod project and supplementary liquidity. The total investment
of Wuhai 10GW High-efficiency Monocrystalline Silicon Rod Project is about 23.
It is reported that the above fund raised by Beijing Express has been received on January 5, 2021. Just as everyone was looking forward to the landing of Beijing Express Wuhai Phase II project, the company suddenly announced on August 11, 2022 that it would move the above-mentioned 10g W silicon rod project to Leshan, Sichuan, and change it to " Leshan 22 GW High Efficiency Single Crystal Silicon Rod and Slice Project ". The total investment of the new project reached 53.
Regarding the sudden change of the construction site of the project, Beijing Express explained in the announcement: Driven by the overall goal of " carbon neutralization and carbon peak ", " Up to the time of the above announcement, Beijing Express has not yet obtained the relevant procedures for the evaluation of Wuhai Phase II project, but the "Leshan 22GW High Efficiency Monocrystalline Silicon Rod and Slice Project" to be built by the company has obtained the procedures of project filing, land real property certificate and so on. And obtain the relevant procedures for energy assessment in July 2022. In short, the energy assessment procedures of Beijing Express in Wuhai 10g W silicon rod project have not been passed, while the company's new project in Leshan, Sichuan, has not only completed the relevant procedures, but also doubled its scale. After comprehensive consideration, Beijing Express moved the second phase of the project to Leshan. It is noteworthy that before Beijing Express announced the change of Wuhai Phase II project, some investors questioned the progress of Beijing Express Wuhai Phase II project to the Haibowan District Development and Reform Commission in March 2022. To this, the National Development and Reform Commission replied: "According to the Notice of the Energy Bureau of the Department of Industry and Information Technology of the Development and Reform Commission of Inner Mongolia Autonomous Region on Issuing Several Safeguard Measures to Ensure the Completion of the" 14th Five-Year Plan "Energy Consumption Double Control Target Task (Nei Fa Gai Huan Zi Zi [2021] No.209)," II. Accelerate the structural adjustment of high energy-consuming industries Article 7 Control the scale of production capacity of high energy-consuming industries. If it is really necessary to build new capacity projects such as polysilicon and monocrystalline silicon without downstream conversion, it is necessary to implement capacity and energy consumption reduction replacement in the region. ” According to the announcement, the dispute between Beijing Express and Haibowan City Investment originated in 2017. As mentioned above, in 2017, Beijing Express and Wuhai Municipal People's Government reached a cooperation agreement on the project of Wuhai Beijing Express New Material Industrial Park. According to the agreement, the Wuhai Municipal People's Government designated Haibowan Chengtou to repurchase the equity in a lump sum (without compound interest) at the audited basic cost plus the benchmark interest rate of the People's Bank of China for the same period in the eighth year after the signing of the agreement. In July 2017, Haibowan City Investment and China Electronic System Engineering Fourth Construction Co., Ltd. (Hereinafter referred to as "China Electric Power Fourth Construction Company") signed an agreement that China Electric Power Fourth Construction Company will enter the construction plant, and in May 2018, China Electric Power Fourth Construction Company will withdraw from the construction site. Subsequently, Ningxia yuangao Green Technology Construction Co., Ltd. carried out the construction and finally completed the project construction. The project has been occupied, used, operated and disposed by Wuhai Jingyuntong since its completion. In September 2019, China Electric Power Fourth Construction Company filed a lawsuit with Wuhai Intermediate People's Court requesting Haibowan City to pay for the construction project. Eventually, Haibowan City invested in China Power No.4 Construction Company to undertake the payment of 235,605,958. However, after the completion of the project, Haibowan City Investment did not invest in Wuhai Jingyuntong Company in any form from beginning to end. The two sides changed the terms of the previous agreement by actual behavior, but Haibowan City Investment has fulfilled the agreement of the agent construction service and has delivered it to Wuhai Beijing Express. Therefore, Haibowan Chengtou requested the court to order Beijing Express to pay about 236 million yuan for the construction project; The interest of the project payment during the construction period is 6.7054 million yuan and the total amount of the project payment is 2.November 22, 2025. Beijing Express issued an announcement to disclose the verdict of the first instance of the above case: Beijing Express paid the agent construction project funds and interest to Haibowan Chengtou 23,241. For the above verdict, Beijing Express said it would appeal in accordance with the law. On January 22 , 2026, Beijing Express issued a performance forecast for 2025. The company 's net profit loss is expected to be 12.3-17. The company's net profit loss in 2024 was 23. The total cumulative loss in two years was 35.91-41. The Digital New Energy DataBM. Com noted that. From 2013 to 2023, the net profit of Beijing Express totaled 36. It can be seen that in only two years, the company may lose all the profits earned in the previous 10 years.
浙公网安备33010802003254号