亿晶光电：全椒县光伏项目无法按期推进 收到听证通知

Core Viewpoint - The company, Yijing Photovoltaic, is facing challenges in its planned investment project in Chuzhou, Anhui Province, due to a mismatch in the photovoltaic industry's capacity and a decline in market conditions, leading to a halt in further project phases [1] Group 1: Project Status - The company initially planned to invest in a project with an annual production capacity of 10GW for photovoltaic cells, 10GW for photovoltaic wafers, and 10GW for photovoltaic modules [1] - Only 7.5GW of the photovoltaic cell capacity has been completed, while the remaining capacities for wafers and modules have not commenced construction [1] Group 2: Financial and Legal Implications - The company will begin to gradually cease operations at the Chuzhou base starting in October 2024 due to industry and market impacts [1] - The Economic Development Zone Committee of Chuzhou has issued a hearing notice to the company, indicating potential termination of investment agreements and seeking the return of 140 million yuan in investment funds, along with claims for construction costs, rent, and capital occupation costs [1] - The outcome of the hearing process and its impact on the company's current and future profits remain uncertain [1]