长鸿高科：终止对外投资设立合资公司

Core Viewpoint - The company has decided to terminate its plan to establish a joint venture due to the uncertain profitability in the photovoltaic industry caused by the continuous decline in the price of the industry chain [1] Group 1: Investment Decision - The company planned to invest a total of 500 million RMB to establish a joint venture with Panjin Shengteng Industrial Development Co., Ltd., with respective shareholdings of 45% and 55% [1] - The decision to terminate the investment was made after assessing the future profitability, which is highly uncertain due to market conditions [1] Group 2: Financial Impact - The termination of the investment will not have a significant impact on the company's production operations or financial status [1]