长鸿高科：终止与盘锦晟腾设立合资公司投资计划

Core Viewpoint - Changhong Gaoke (605008.SH) has decided to terminate its investment plan to establish a joint venture with Panjin Shengteng Industrial Development Co., Ltd due to the ongoing downturn in the photovoltaic industry and the uncertainty in future profitability [1] Summary by Relevant Sections - Investment Plan Details - The original investment plan involved a total investment of 500 million yuan, with Changhong Gaoke contributing 225 million yuan for a 45% stake and Panjin Shengteng contributing 275 million yuan for a 55% stake [1] - Market Conditions - Since the third quarter of 2023, the photovoltaic industry chain has been in continuous decline, leading to POE film prices dropping to historical lows without signs of recovery [1] - Decision Rationale - The decision to terminate the investment was made to protect the interests of the company and its shareholders, as the future profitability of the project is highly uncertain [1]