After being ordered to correct by Zhejiang Securities Regulatory Bureau for several days, on January 30, Hesheng Silicon Industry supplemented and disclosed information on related party transactions and major investment projects.
Among them, the major investment project is "Hesheng New Energy High-end Manufacturing Industrial Park Project", with a total investment of 11 billion yuan , and a total investment of about 7.2 billion yuan in the construction of silicon carbide substrate, epitaxy, device manufacturing and industrial park projects. The total investment in the construction of 1.2 million power device modules per year is about 3.8 billion yuan.
The announcement shows that the investment is a strategic project of the whole silicon carbide industry chain jointly promoted by Hesheng Silicon Industry and its subsidiary Ningbo Alpha Semiconductor Co., Ltd. (Formerly known as "Ningbo Hesheng New Materials Co., Ltd.", hereinafter referred to as "Alpha Semiconductor"), the People's Government of Xiaoshan District of Hangzhou City and the Management Committee of Xiaoshan Economic and Technological Development Zone.
For this investment, Hesheng Silicon Industry said that it aims to rely on the technological advantages of Hesheng Silicon Industry in the field of silicon carbide, seize the opportunity of market demand outbreak brought by new energy vehicles, new infrastructure and other fields. Complete the strategic extension of the company 's industrial chain from basic silicon materials to high-end semiconductor device manufacturing, and realize the independence of key technologies and import substitution.
At the same time, Hesheng Silicon said in the announcement that the project was invested, constructed and operated by the company and its subsidiary Alpha Semiconductor, and did not involve other investors.
The project is divided into three phases, of which the first phase is planned to invest about 1.4 billion yuan , and has started construction (starting in November 2023), and the second and third phases are still in the planning stage. At present, Hesheng Silicon Industry said that there is no clear plan to continue to invest in the second and third phases of construction, and the related investment is in a state of suspension.
As of December 31, 2025, 70% of the civil works of the first phase of the project have been completed, with a total investment of about 589 million yuan.
Previously, on January 16, Hesheng Silicon Industry received the Decision on Ordering Corrective Measures to Hesheng Silicon Industry Co., Ltd. (Hereinafter referred to as "Decision I") and the Decision on Issuing Warning Letters to Luo Liguo, Luo Yedong, Zhang Yacong and Gao Junqiu (hereinafter referred to as "Decision II") issued by Zhejiang Securities Regulatory Bureau.
Due to the failure to fulfill the relevant review procedures and information disclosure obligations, Hesheng Silicon Industry and its senior executives were subject to supervision and management measures by Zhejiang Securities Regulatory Bureau. At the same time, the Shanghai Stock Exchange also carried out regulatory warnings. (For details, please click: Chairman, General Manager and Secretary of a Photovoltaic Enterprise Are Warned! ）
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