daisybingo|国晟科技董事长解除留置股价涨停 跨界“追光者”如何过冬

A few days after the chairman was detained for more than 80 days without being announced.DaisybingoGuosheng Science and Technology (rights protection) disclosed the case on the evening of May 5.DaisybingoThe latest development: Wu Jun, the actual controller and chairman of the board, has been released from detention and has been taken residential surveillance measures by the public security organs.

On May 6, Guosheng Science and Technology closed at 3.Daisybingo.50 yuan per share, up 10%Daisybingo.06%. Guosheng Technology Securities Department staff told Shell Financial reporters that the company is operating normally.

Wu Jun used to work in the local government department in Xuzhou, an important photovoltaic city. Wu Xiaohong, a lawyer at Beijing Weiheng Law firm, told Shell Financial reporters that judging from the contents of the announcement, the case may not have been settled yet.

Guosheng science and technology predecessor is the first domestic ecological garden motherboard listed company dry landscape garden, changed the main photovoltaic enterprise Guosheng energy in 2023. The new main photovoltaic industry has not yet brought profits to Guosheng Technology, although the company's losses narrowed last year, but under the influence of the decline in the photovoltaic market and the decline in sales unit prices in the first quarter of this year, Guosheng Technology continued to lose money.

As the photovoltaic plate bid farewell to the golden age of creating wealth, many cross-border "light pursuers" are also unavoidable in the waves of overcapacity and low-price competition. Since the beginning of this year, several cross-border companies have terminated their investment projects.

The chairman lifted the lien and was under surveillance, and the company was warned because it had not been announced for more than 80 days.

On the evening of May 5th, 603778.SH announced that it had received notification from controlling shareholder Guosheng Energy Co., Ltd. and Wu Jun's family that the Huai'an District Supervisory Committee of Huai'an City had lifted the detention measures against Wu Jun; at the same time, Wu Jun was taken residential surveillance measures by the public security organs, and the matters involved had nothing to do with the company.

"judging from the contents of the announcement, after the lien was lifted by the Supervisory Commission, the public security organs monitored his residence, which means that the case may not have been dealt with yet." Wu Xiaohong, a lawyer at Beijing Weiheng Law firm, told Shell Financial and Economic reporters that liens are measures taken by supervisory organs to investigate serious job violations or job-related crimes, and the applicable illegal and criminal acts are mainly embezzlement, bribery, dereliction of duty and other acts, mainly applicable to public officials exercising public power, etc. The retention time shall not exceed three months. If the period expires or there is no illegal or criminal act, the lien will be rescinded in time.

Earlier, after trading on January 28, Guosheng Technology announced that Wu Jun, the actual controller and chairman of the company, was taken retention measures on November 2, 2023. Guosheng Technology was given a regulatory warning by the Shanghai Stock Exchange at the end of April because the chairman was detained for more than 80 days without an announcement.

Guosheng, the predecessor of science and technology, is the dry landscape garden. At the end of 2022, heterojunction battery company Guosheng Energy announced that it had joined the dry Landscape Garden and became the new controlling shareholder of the listed company. In September of the following year, the equity change was completed, and Qianjing Garden soon changed its name to Guosheng Science and Technology. In the dual main business of "Garden + Photovoltaic", the photovoltaic plate mainly engaged in large-size heterojunction photovoltaic cells, modules and photovoltaic power station EPC, accounting for more than 90% of revenue.

As Guosheng Energy and the actual controllers of listed companies, two "post-70s" Wu Jun and Gao Fei have previously worked in Xuzhou government departments. Born in 1972, Wu Jun served as director and party committee secretary of Xuzhou Municipal Garden Bureau, deputy secretary and mayor of Xuzhou Quanshan District Party Committee, and general manager of Huarong Zhongcai Investment Fund Management Co., Ltd. Gao Fei was born in 1979 and served as deputy secretary of the party committee and deputy director of the Housing and Construction Bureau of Jiawang District, Xuzhou City.

Xuzhou is one of the most important cities of photovoltaic industry in China, with several industrial parks and leading silicon production capacity in the country. According to the Xuzhou Municipal Bureau of Statistics, as of the first half of 2023, there were 59 photovoltaic industry chain enterprises in the city, and the output value of the photovoltaic industry chain increased by 41% in the first half of 2023 compared with the same period last year, which is 35.9 percentage points higher than that of the whole city. The contribution rate to the growth of the city's output value is 47.1%.

Cross-border photovoltaic has not yet achieved a turnaround, where will the "light pursuers" go during the trough of the industry?

After years of losses since 2020, Guosheng Technology, which changed ownership of Guosheng Energy, has not yet reversed its losses in 2023. According to the financial report, the company's annual operating income was 988 million yuan, an increase of nearly 400% over the same period last year, mainly due to the consolidation of photovoltaic assets; the loss was 68.8801 million yuan, narrowing over the previous year. Guosheng Technology said it mainly benefited from the reversal of asset impairment losses in that year, the disposal of shares in subsidiaries, and compensation for performance commitments.

The new main photovoltaic industry has not yet brought profits to Guosheng Technology. The financial report shows that the new photovoltaic business in 2023 achieved operating income of 921.4488 million yuan and net profit of-34.758 million yuan.

In the first quarter of 2024, Guosheng Technology continued to lose money, with a loss of 48.7808 million yuan, and the company's operating income fell by more than 35%. The company said that the main reason is the decline in the photovoltaic market and the decline in sales unit price in the first quarter.

Guosheng Technology also disclosed a major project bid-winning announcement on May 5th, indicating that the secondary holding subsidiary of the company has won the bid for CNNC Yantai Zhaoyuan 400MW offshore photovoltaic project (HG30) photovoltaic module procurement project, with a winning amount of not less than 500m yuan, which is expected to have a positive impact on the company's operating results in 2024 and subsequent years.

With the release of the 2023 annual report of listed companies and the quarterly report of 2024 one after another, the haze shrouded in the photovoltaic industry such as excess and low-price competition has shown a real ferocious appearance since last year. A number of leading companies have been losing money since the fourth quarter of 2023.

Photovoltaic used to be one of the most popular racing tracks across the border. With the industry as a whole into the trough of the big waves, cross-border "light pursuers" are also difficult to escape easily.

On March 18, Haiyuan compound Materials (002529.SZ) announced the termination of the Chuzhou project, and the 100% stake in Chuzhou Saiwei Energy Technology Co., Ltd. ("Chuzhou Saiwei") was transferred to Aixu (600732.SH) at a price of 38 million yuan.

The Chuzhou project of Haiyuan compound Materials originally planned to invest in a new photovoltaic industrial base in Quanjiao County, Chuzhou. The project planning will be disclosed at the end of 2022, and a total of 10GW TOPCon photovoltaic cells, 3GW modules and 5GW HJT photovoltaic cells will be built. Listed companies said that the reason for the termination is that great changes have taken place in the photovoltaic industry and market environment during the progress of the project.

ST 300125.SZ and 603398.SH also recently disclosed the news that there is a significant funding gap in the termination of investment or projects.

Wang Bohua, honorary chairman of the China Photovoltaic Industry Association, said at an industry event at the end of February that the industry reshuffle and differentiation had begun, and that this fluctuation had something to do with some local governments blindly attracting investment, and many enterprises also ignored the competitive intensity of the photovoltaic industry and blindly expanded production or poured in.

(source: Beijing News)