Core Viewpoint - Hongying Intelligent (001266) announced that its wholly-owned subsidiary, Hongying New Energy, was part of a consortium that won the bid for a significant solar power project in Xinjiang, but the project has been halted due to major policy adjustments [1] Group 1 - The consortium won the bid for the "Xinjiang Tongguang Technology Co., Ltd. Luopu 500,000 kW / 2,000,000 kWh energy storage supporting 2,000,000 kW photovoltaic power generation project (EPC general contracting)" [1] - The project has been suspended as the bidding entity, Xinjiang Tongguang Technology Co., Ltd., plans to adjust the project scheme and restart the bidding process [1] - The termination of the project will not have a significant adverse impact on the company and Hongying New Energy's production operations and performance, as the project was in the bidding stage without a formal contract signed [1] Group 2 - The company and Hongying New Energy will continue to monitor the bidding situation for the project and actively seek cooperation opportunities [1]

Core Viewpoint - Hongying Intelligent (001266.SZ) announced that its wholly-owned subsidiary, Hongying New Energy, was part of a consortium that won a bid for a significant solar power project in Xinjiang, but the bid result has been annulled due to major policy adjustments [1] Group 1: Bid Announcement - The company disclosed two announcements regarding the bidding process on December 14 and December 19, 2024 [1] - The project involves a 500,000 kW/2,000,000 kWh energy storage system paired with a 2,000,000 kW photovoltaic power generation project [1] Group 2: Consortium Details - Hongying New Energy is one of the members of a consortium that includes several other companies, such as China Energy Engineering Group Xinjiang Electric Power Design Institute Co., Ltd. and others [1] - The consortium has been actively advancing related work since winning the bid [1] Group 3: Project Status - Due to significant policy changes, the bidding entity, Xinjiang Tongguang Technology Co., Ltd., plans to adjust the project scheme and restart the bidding process [1] - The bidding entity has announced the annulment of the bid results following friendly negotiations among the parties involved [1]