The stock price plummeted! Major Shareholders of Space Photovoltaic Enterprises Filed for Bankruptcy Reorganization

2026-06-12 17:51:52

On the evening of June 11, San'an Optoelectronics announced that its controlling shareholder, Xiamen San'an Electronics Co., Ltd. (Hereinafter referred to as "San'an Electronics"), was applied for bankruptcy reorganization by creditor Lin Suzhen to Xiamen Intermediate People's Court of Fujian Province.

On the evening of

June 11, San'an Optoelectronics announced that its controlling shareholder, Xiamen San'an Electronics Co., Ltd. (Hereinafter referred to as "San'an Electronics"), was applied for bankruptcy reorganization by creditor Lin Suzhen to Xiamen Intermediate People's Court of Fujian Province.

As of the announcement date, San'an Electronics has not received the formal documents of bankruptcy reorganization accepted by Xiamen Intermediate Court.

Enterprise investigation information shows that San'an Electronics was established in Xiamen, Fujian Province in November 2000, and has now been listed as an executed person, with a total amount of 73. In addition, the company's equity has exceeded 5.

stock price plummeted!

Affected by this, the share price of San'an Optoelectronics fell sharply on June 12, down 8. Shares of San'an Optoelectronics closed at 13.92 yuan/share, with a total market value of 694.

The storm is more than that. Previously, on March 21, 2026, Lin Xiucheng , the actual controller of San'an Optoelectronics , was detained and investigated by the State Supervisory Commission . Then on April 7, Lin Kechuang , vice chairman and general manager of San'an Optoelectronics , was detained and placed on file for investigation by the Chongqing Yuzhong District Supervisory Committee . According to

the data, San'an Optoelectronics was established in March 1993 in Jingzhou, Hubei Province, and listed on the Shanghai Stock Exchange in May 1996, mainly engaged in the research and development, production and sales of compound semiconductor materials and devices. It takes epitaxial wafers and chips involved in new compound semiconductor materials such as gallium arsenide as its core business.

As an old listed company, San'an Optoelectronics has entered the photovoltaic track. On the one hand, it has developed gallium arsenide batteries for satellites through its subsidiary Tianjin San'an to develop space photovoltaic ; On the other hand, its silicon carbide devices in San'an, Hunan, are supplied in batches with photovoltaic " according to the annual report of 2025. Gallium arsenide multijunction solar produced by San'an Optoelectronics < a href = "https://www.databm.".

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Correlation

On the evening of June 11, San'an Optoelectronics announced that its controlling shareholder, Xiamen San'an Electronics Co., Ltd. (Hereinafter referred to as "San'an Electronics"), was applied for bankruptcy reorganization by creditor Lin Suzhen to Xiamen Intermediate People's Court of Fujian Province.

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