Core Viewpoint - Windfan Co., Ltd. (601700) has initiated the acquisition of control over Suzhou Jingying Optoelectronics Technology Co., Ltd. and has faced challenges in meeting performance commitments, leading to a compensation agreement with the performance guarantors. Group 1: Performance Commitments and Financial Impact - The performance guarantors, Huang Jinqiang and Han Lili, committed to a total net profit of no less than 320 million yuan for Jingying Optoelectronics in 2023 and 2024, with a threshold of 272 million yuan for compensation [1] - Jingying Optoelectronics reported a net profit of -338 million yuan for the same period, resulting in a completion ratio of -105.63% against the performance commitment [1] - The performance guarantors received a post-tax payment of 393 million yuan from the asset restructuring, which they are obligated to compensate due to the negative performance [1] Group 2: Recent Transactions and Strategic Moves - Windfan Co., Ltd. has confirmed the payment of the full performance compensation amounting to 393 million yuan [2] - The company plans to acquire 100% equity of eight photovoltaic power station project companies from its subsidiary Jingying Optoelectronics for 48 million yuan, aiming to streamline its business structure [2][3] - Windfan Co., Ltd. is actively expanding its photovoltaic business, with a new overseas base established in Sihanoukville, Cambodia, and a domestic production base in Yueyang, Hunan, set to commence operations in September 2024 [2]
风范股份到账近4亿业绩补偿款 将下属光伏电站项目统一纳入管理