调研速递|琏升科技接受投资者网上调研 聚焦终止并购及发展战略要点

Core Viewpoint - The company held an investor briefing to discuss the termination of a share issuance and cash payment for asset acquisition, addressing key issues such as operational performance, reasons for the merger termination, and future strategic direction [1] Group 1: Operational Performance and Strategy - Investors raised concerns about the company's insufficient profitability and continuous losses, as well as the reduction in production scale. The company responded by emphasizing ongoing cost reduction and efficiency improvement through technological research and process upgrades, aiming to enhance product performance and market competitiveness [2] - The company plans to focus on the heterojunction (HJT) battery business and will seek further development opportunities to improve operational performance and protect shareholder interests [3][6] - The company is committed to expanding both domestic and international markets while optimizing asset structure and increasing capacity utilization [2] Group 2: Merger Termination Reasons - The termination of the acquisition was due to the inability of the parties involved to agree on core terms such as transaction price, leading to a decision made after careful consideration to protect the interests of the company and its shareholders [4] - The board's voting on the termination showed 4 votes in favor, 0 against, and 3 abstentions due to conflicts of interest, as the funding party was a controlling shareholder [2] Group 3: Market Conditions and Future Outlook - The company anticipates an improvement in product prices and profitability in the photovoltaic industry due to national policies aimed at reducing competition within the sector [5] - The company will continue to monitor acquisition opportunities, including potential purchases of energy storage companies, depending on operational conditions [6] - The company reassured that the termination of the merger will not significantly impact its current operations and strategic development [7]