跨界光伏近3年，重大项目接连告吹！棒杰股份拟终止扬州一光伏组件项目

Core Viewpoint - The company, Bangjie Co., Ltd., is gradually retracting from the photovoltaic business after experiencing significant changes in the market environment, leading to the termination of key projects [1][4]. Group 1: Project Termination - On August 21, Bangjie announced the termination of its 10GW high-efficiency photovoltaic module and R&D center project in collaboration with the Yangzhou Economic and Technological Development Zone Management Committee [1]. - The decision to terminate the project was made after the board's review and is pending approval from the shareholders' meeting [1]. - Just a month prior, the company also announced the termination of the Jiangshan high-efficiency photovoltaic cell and large-size silicon wafer slicing project [2]. Group 2: Investment and Financial Implications - The Yangzhou module project was initiated in July 2023, with an estimated fixed asset investment of approximately 1 billion yuan, including a planned 4GW capacity for the first phase [3]. - The company had previously indicated that successful implementation of the project would enhance its core competitiveness in the photovoltaic sector [3]. - The latest announcement cited increased investment risks and uncertainties due to changes in the photovoltaic market environment, which could lead to greater economic losses for all parties involved [4]. Group 3: Other Agreements and Compensation - Bangjie is required to pay 15 million yuan in compensation to the Jiangshan Economic Development Zone Management Committee due to the termination of the Jiangshan project, with a deadline for payment set for October 10 [4]. - The termination agreement for the Yangzhou project does not mention any compensation, and it only pertains to the module project, leaving other agreements with the Yangzhou committee to be addressed separately [5]. - In December 2022, Bangjie signed an investment agreement for a 10GW high-efficiency photovoltaic cell project, which has faced production challenges since early 2024, with temporary shutdowns reported [5][6].