Core Viewpoint - Liansheng Technology has terminated a procurement contract for HJT solar cell production line equipment, which was initially aimed at enhancing its production capacity and aligning with its strategic development needs. This decision comes amid increasing losses for the company in recent years [1][2]. Group 1: Contract Termination - On September 19, Liansheng Technology announced the termination of a procurement contract with Jinshi Energy for one HJT solar cell production line, which was part of a larger agreement for two lines with a total capacity of 2GW [1]. - The contract amount exceeded Liansheng Technology's audited revenue for 2021 by over 100%, with a total value exceeding 200 million yuan [1]. Group 2: Financial Performance - Liansheng Technology has reported increasing losses, with net profits projected at -39.74 million yuan for 2023 and -110 million yuan for 2024, indicating a trend of worsening financial performance [2]. - The company has invested in production capacity, with 3.8GW established at the Meishan Danling base and a 3GW project under construction at the Nantong base [3]. Group 3: Impact of Contract Changes - The termination of the procurement contract is expected to effectively reduce the company's liabilities and future debt repayment risks, enhancing its operational efficiency and profitability [4][5]. - The company will retain certain equipment related to the terminated line, and the costs associated with dismantling will be borne by Jinshi Energy, ensuring that Liansheng Technology's facilities remain undamaged during the process [4].
"光伏跨界者"琏升科技终止一条HJT电池生产线设备采购 预计有效降低负债及未来偿债风险