TYN(SZ:000591) Ge Long Hui A P P·2025-12-26 08:32Core Viewpoint - The company has decided to terminate the investment in the Hebei Unicom distributed photovoltaic project due to changes in investment conditions, which have increased risks and uncertainties associated with the project's feasibility and economic viability [2][3]. Group 1: Project Overview - The company approved the investment in the Hebei Unicom 150 MW distributed photovoltaic project with a total planned investment of approximately 762.41 million yuan, funded by its own capital [1]. - The project commenced construction on December 29, 2023, with a completed construction scale of 148.88 KW to date, while the remaining portion has not progressed [1]. Group 2: Changes in Investment Conditions - Three main factors have led to the termination of the project: 1. Changes in distributed energy policy have introduced higher requirements for grid connection and consumption, affecting the project's original business model [2]. 2. Strategic adjustments by the cooperative owner, Hebei Unicom, have caused delays in project implementation [2]. 3. The local grid's capacity has approached saturation, posing potential risks to energy dispatch and impacting expected project returns [2]. Group 3: Financial Implications - The termination of the project will not result in significant losses for the company and is expected to reduce investment costs and risks, aligning with the interests of the listed company and its shareholders [3].