BANGJIE SHARE(SZ:002634) Mei Ri Jing Ji Xin Wen·2025-08-22 14:29Core Viewpoint - The company, Bangjie Co., Ltd. (002634.SZ), is gradually retracting from its solar energy business, having announced the termination of its high-efficiency photovoltaic module project in Yangzhou due to changing market conditions and increased investment risks [1][4]. Group 1: Project Termination - The company plans to terminate the 10GW high-efficiency photovoltaic module and R&D center project, which was initiated in July 2023 [4]. - The project was expected to involve a fixed asset investment of approximately 1 billion yuan, with the first phase focusing on a 4GW module project [4]. - The termination is attributed to changes in the photovoltaic industry market environment, leading to increased investment risks and potential economic losses for all parties involved [4]. Group 2: Previous Projects and Financial Implications - In December 2022, the company signed an investment agreement for a 10GW high-efficiency photovoltaic cell project, which has also faced challenges, including a temporary production halt since March 2024 [6][7]. - The company has announced the termination of another project in Jiangshan, which will incur a compensation payment of 15 million yuan to the local government [9]. - The company has not mentioned any compensation related to the termination of the Yangzhou project, indicating that other agreements with the Yangzhou Economic Development Zone are still pending resolution [10]. Group 3: Management Changes - The company has undergone significant management changes, including the replacement of its controlling shareholder and actual controller, with the new controlling entity being Shanghai Qishuo Ruihang Enterprise Management Partnership [11]. - A complete overhaul of the management team has occurred, with the appointment of new directors and executives, including a new chairman and general manager, who have backgrounds in finance and investment [12][13].