Photovoltaic broken halberd cross the border again! Jiangsu Photovoltaic Enterprises' 383 Million yuan Acquisition Was Urgently Asked by the Shanghai Stock Exchange!

26, the announcement of photovoltaic cross-border enterprise style shares said that. It is planned to use self-owned and self-raised funds of 383 million yuan (premium rate 249.

is not up to the standard, the upper limit of the compensation amount of the performance commitment is the total purchase price of the transaction, that is, 3. Yanling Jiaye will become a holding subsidiary of Fengfan and be included in the consolidated statement.

It is noteworthy that just a week before the announcement of the acquisition, Fengfan shares just issued a 2025 annual performance forecast, predicting a net profit loss of 320 million yuan to 3

. However, Fengfan shares chose to acquire a company with limited profitability and unrelated to the main business at a high premium rate of nearly 250% , which quickly attracted the attention of the Shanghai Stock Exchange.

The transaction was asked four times by the Shanghai Stock Exchange!

Regarding the purpose of the transaction, the Shanghai Stock Exchange requires Fengfan shares to clearly explain the relationship between the business of the new target company and the original main business, as well as the reasons for the cross-border acquisition under the company's pre-loss situation; At the same time, Fengfan shares are required to explain whether the target company has the ability of business integration and control. 270%

premium!

In July 2022, in order to seek a new growth point of performance, Fengfan shares had spent 960 million yuan in cash to acquire an asset-liability ratio as high as 78.

Since then, Fengfan shares have officially crossed the border into the photovoltaic track. In terms of production capacity, the official website shows that. Jingying Optoelectronics has formed 10g W silicon wafers , 2G W silicon rods, In terms of the performance of 2GW ingots and 15,000 tons , Jingying Optoelectronics has contributed about 1022 net profits to Fengfan shares since the completion of consolidation in July 2023. The performance of Jingying Optoelectronics took a sharp turn for the worse, and the net profit loss attributable to the parent company in its consolidated statement was about 2.

With the photovoltaic industry entering a period of deep adjustment in 2025, the photovoltaic business of Jingying Optoelectronics was even worse, which not only failed to generate revenue for Fengfan shares, but also became a heavy burden for the company's operation.

According to the previous announcement issued on January 20, the net profit of Fengfan shares in 2025 was expected to lose 320 million yuan to 3. Indicates a notice was announced . ( , but the 2025 pre-loss announcement has already been explained." This series of operations failed to reverse the decline . Looking back

now, the cross-border photovoltaic of Fengfan shares is undoubtedly a failed attempt. After the failure of photovoltaic business, the company turned to cross-border machinery and equipment, but whether it can succeed this time still needs to be tested by the market.