宣称总投资50亿元实际只投入163万 明冠新材终止肥东光伏项目|速读公告

Core Viewpoint - The company, Minguan New Materials, has decided to terminate its investment cooperation agreement with the government of Feidong County for a solar backplane and functional film production base project, citing declining profitability in the photovoltaic packaging materials industry and increasing operational costs as key reasons [1][2]. Group 1: Project Termination - The project was initially planned with a total investment of 5 billion yuan, divided into two phases, with the first phase aiming to produce 300 million square meters of solar backplanes and 200 million square meters of functional films [1]. - The company has been actively cooperating with the local government to complete the final acceptance of customized properties related to the project [1]. Group 2: Industry Context - The photovoltaic industry is experiencing a downturn, characterized by increased competition and declining profitability for packaging materials, leading to a significant reduction in demand for solar cell backplanes [2][3]. - The company anticipates a substantial loss in 2025, with projected net losses ranging from 125 million to 160 million yuan, representing a year-on-year increase in losses of 86.35% to 138.53% [3]. - The industry has entered an adjustment cycle, with signs of overcapacity emerging since the fourth quarter of 2023, resulting in project delays or terminations across the sector [3].