跨界光伏巨亏，这家A股要被卖了

Core Viewpoint - The company, Bangjie Co., Ltd., is undergoing a significant change in control as its major shareholder plans to transfer control to Shanghai Qishuai, amid financial difficulties following its aggressive expansion into the photovoltaic industry [2][3][9]. Group 1: Shareholder Changes - On June 2, Bangjie Co., Ltd. announced that Shanghai Qishuai will become the controlling shareholder after a share transfer agreement with current major shareholders [3]. - The transfer involves 10.1 million shares from the current controlling shareholder, Tao Jianwei, and 13 million shares from another significant shareholder, Suzhou Qingsong, totaling 2.20% and 2.83% of the company's total shares, respectively [3][4]. - After the transfer, Shanghai Qishuai will hold 23.1 million shares, representing 5.03% of the total shares, and will have voting rights over 91.6 million shares, or 19.94% of the total shares [4][5]. Group 2: Financial Struggles - Bangjie Co., Ltd. has faced severe financial difficulties since its aggressive entry into the photovoltaic sector, with total investments exceeding 10 billion yuan in various projects [8][9]. - As of May 19, the company's photovoltaic subsidiaries had overdue loans totaling approximately 776 million yuan, which is 258.85% of the company's audited net assets for 2024 [9]. - The company reported significant losses, with projected revenues of 763 million yuan and a net loss of 88.43 million yuan for 2023, and a further projected net loss of 672 million yuan for 2024 [9]. Group 3: Operational Challenges - The company has announced the temporary shutdown of its photovoltaic subsidiary due to intensified competition and a significant drop in product prices [9]. - Multiple photovoltaic projects have been halted, contributing to ongoing operational losses [9]. - The company’s core business, which includes seamless clothing, has struggled with growth, prompting attempts at diversification that have not yielded positive results [8].