百达精工超13亿元光伏项目遇重挫：工程进度仅62% 已暂停剩余产线建设

Core Viewpoint - Baida Precision's investment in a solar photovoltaic project has faced significant setbacks, leading to potential asset impairment and uncertainty in future project progress [2][5][6]. Group 1: Project Overview - Baida Precision's subsidiary, Jiangxi Baida New Energy Co., Ltd., is involved in a solar cell project with an initial investment of 13.5 billion yuan, aiming for an annual production capacity of 4.5GW of TOPCON solar cells [3][4]. - The project was expected to be completed in 10 months, but as of the end of last year, only 62% of the construction was completed [5]. Group 2: Financial Implications - Due to the project's slow progress, Baida Precision has recognized an impairment provision of 72.24 million yuan for construction in progress [5]. - The company has suspended the investment in an additional 1.5GW production line due to market conditions, indicating a cautious approach to future investments [7]. Group 3: Market Conditions and Challenges - The solar cell market is experiencing intensified competition and significant price declines, leading to a situation where production costs exceed market prices [7]. - Baida Precision plans to monitor market trends closely and will resume production once prices stabilize, with an estimated 1-2 months needed for full production ramp-up after adjustments [7]. Group 4: Operational Risks - The company acknowledges the risks associated with cross-industry operations, citing a need for time to build technical reserves and production experience in the solar sector [8].