Core Viewpoint - The company, LDK Solar, has announced the cessation of its solar cell backplane production due to significant losses, marking the end of its once-promising photovoltaic business and signaling a shift towards new areas such as optoelectronic displays and green dual-carbon initiatives [1][3] Group 1: Company Transition - LDK Solar, once a leader in the film industry, transitioned to the photovoltaic sector in 2011 as traditional imaging materials declined, investing heavily in solar cell backplane projects [1] - The photovoltaic materials segment became a key revenue contributor for over a decade until 2024, when the gross margin turned negative, leading to losses in the solar business [1][3] Group 2: Challenges Faced - The company faced intense competition, declining prices, and reduced demand in the photovoltaic market, compounded by high transportation costs due to the distance from production bases to major market areas [1] - Despite initial attempts to mitigate losses by developing new products, the increasing production volume only exacerbated the financial losses, prompting management to exit the solar business [1] Group 3: Future Directions - LDK Solar is now focusing on expanding into optoelectronic displays and green dual-carbon sectors, having acquired LDK Optoelectronics and invested in a TAC film production line to reduce reliance on imports [3] - In the green dual-carbon field, the company is entering the separation membrane sector, aiming to establish a new business model centered on resource recycling [3] - The company's ability to successfully navigate these new markets will be crucial for its future sustainability and growth [3]

Core Viewpoint - The company, Lekai Film, has decided to exit the solar photovoltaic (PV) business due to increasing competition and declining profitability, shifting its focus towards optoelectronic display and green carbon-neutral new businesses [1][4]. Group 1: Company Background and Business Transition - Lekai Film, originally known for its film products, transitioned to the solar PV industry in 2011, which became a significant revenue source for the company [2][3]. - The company has faced losses due to rising raw material costs and market demand changes, leading to a decline in its core business [2][3]. - The solar battery backplane products have seen a shift from positive to negative gross margins in 2024, prompting the company to halt production of these products [3][4]. Group 2: Financial Performance and Market Conditions - Despite the rapid growth of the solar industry in 2022, prices across the supply chain began to decline, resulting in a significant reduction in profit margins for Lekai Film [2][3]. - The company reported that its solar business, which was once a major revenue contributor, has not provided substantial profits, with increasing competition and transportation costs impacting profitability [3][5]. Group 3: New Business Initiatives - Lekai Film is accelerating its development in optoelectronic display and green carbon-neutral businesses, including the acquisition of 100% of Lekai Optoelectronics and the construction of a new TAC film production line [4][5]. - The company is also entering the high-performance separation membrane sector, which is expected to create a new business ecosystem focused on resource recycling [5][6]. - The TAC film production line is currently operating at full capacity, with projected revenues of 78.19 million yuan in 2024, indicating a profitable venture [5][6].