On October 13, Yonghe Intelligent Control announced that the subsidiary equity and bond transfer agreement signed by the company and Shenzhen Fanrong Industrial Co., Ltd. on October 22, 2024 had been terminated .
According to the agreement, Yonghe Intelligent Control originally planned to transfer its 51% equity and all creditor's rights of Pule New Energy Technology (Taixing) Co., Ltd. (Hereinafter referred to as "Taixing Pule") to Fanrong Industry for 61.4 million yuan. One year
later, the transfer of Yonghe Intelligent Holdings failed in the end. The specific reasons have not been disclosed. According to
public data, the company was mainly engaged in plumbing fittings, valves and other businesses, but later faced with low net profit for a long time, and even suffered losses in 2022 . In December of that year, it chose to become the holding company of Taixing Pule through capital increase and share expansion, and successfully entered the hot photovoltaic track at that time.
the "fragrant baboon" become a "hot potato"? Its net profit was 156 million yuan and 2.
The latest mid-2025 report showed that. During the reporting period, the company realized operating income. 3
. Specifically, in terms of photovoltaic business , Yonghe Intelligent Control's operating income of photovoltaic cells in 2023 was 41.2519 million yuan. Operating costs are 11973.20,000 yuan, with gross profit of -190.25% ; By June 2025, the performance of photovoltaic cells was even worse. Product gross margin plunges to -30702.
The fundamental reason is that Yonghe Intelligent Control "has no money" and can not hold up .
Data show that since its listing in 2016, the debt ratio of Yonghe Intelligent Control has risen from 12.77% to 71. Total liabilities 11.
From "fragrant baboon" to "hot potato", today's Yonghe Intelligent Control obviously just wants to leave as soon as possible.
Speed up clearance! For example, from the field of veterinary drugs to photovoltaic ST Lvkang , Zhengye Science and Technology , Yicheng Xinneng , etc.
In addition, in order to reduce the loss of photovoltaic business, some cross-border enterprises have chosen a strategy of substantial contraction, such as from equipment manufacturing to photovoltaic heavy machinery in East China. Mubang Gaoke , Letong Stock , etc.
Some cross-border enterprises have announced the complete termination of the photovoltaic layout. For example, McGrady Technologies, from medical cross-border to photovoltaic, announced the divestiture of photovoltaic cell business with serious losses in order to withdraw funds, and completely announced its withdrawal from photovoltaic business. Besides McGrady Technology, there are also Lida Stock , Haiyuan Composite Material , Bangjie Stock and so on. Some of
these enterprises, like Yonghe Intelligent Control, try to save themselves by photovoltaic, some intend to create new growth poles, and others simply "rub the heat". However , 's data show that as of October 17, 2025, the domestic photovoltaic industry." There are more than 400000 companies in abnormal States such as cancellation, revocation, withdrawal, closure and dissolution. In terms of geographical distribution, Shandong topped the list with about 48,000 , followed by Jiangsu with about 4.
It is worth noting that more than 400000 companies are in an abnormal state, and more than 40000 companies have been established for only one year . There are more than 90000 companies established in the range of 1-2 years .
At present, the photovoltaic industry is still in the stage of deep shuffling, and the speed of capacity clearance is accelerating.
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