BANGJIE SHARE(SZ:002634) Hua Xia Shi Bao·2025-06-20 13:36Core Viewpoint - The photovoltaic industry is facing significant challenges, with financial institutions tightening credit policies, leading to difficulties in loan renewals and increased debt pressure for companies like Bangjie Co., Ltd [1][4]. Group 1: Company Situation - Bangjie Co., Ltd announced that its photovoltaic subsidiary is experiencing substantial short-term debt pressure due to external operating environment constraints and tightened credit policies, resulting in some loans not being renewed and demands for early repayment [1][4]. - As of June 17, 2025, the total overdue or early-maturing loans for the photovoltaic subsidiary amounted to approximately 872 million yuan, which is 290.73% of the company's audited net assets for 2024 [4]. - The company reported a net loss of 672 million yuan in 2024, indicating the financial strain following its transition from the seamless clothing industry to the photovoltaic sector [6]. Group 2: Industry Feedback - A middle-level employee from a Jiangsu photovoltaic company indicated that the tightening of credit is a widespread issue, with many companies having credit limits but not being able to withdraw funds [6]. - In contrast, a representative from a leading company, Trina Solar, stated that they have not encountered issues with credit, suggesting that the treatment by banks varies based on the repayment capabilities of different companies [6]. - The China Photovoltaic Industry Association projected that the new photovoltaic power generation capacity in China will decline in 2025 compared to 2024, indicating a slowdown in industry growth [7].