After the performance explosion, Jiangsu listed companies sold photovoltaic assets.

March 24, Fengfan announced that it was planning to transfer 60% of its shares in Suzhou Jingying Photoelectric Technology Co., Ltd. (Hereinafter referred to as "Jingying Photoelectric") in order to further focus on its main business.

It should be noted that this equity transfer will be pre-listed on the Jiangsu Property Exchange . This pre-listing is only for the purpose of pre-disclosure of information and seeking the intended transferee, and does not constitute a transaction. According to

the data, Jingying Optoelectronics was established in 2009 with a registered capital of 150 million yuan. Its business scope includes research, development, production and processing of solar cell wafers , monocrystalline silicon rods and ". In order to seek a new growth point of performance, Fengfan Co., Ltd. has officially crossed the border into the photovoltaic track with 9. After Jingying Optoelectronics completed the consolidation

in July 2023, it contributed about 1022 net profits to Fengfan shares in that year. However, the good times did not last long, and by 2024, the performance of Jingying Optoelectronics declined sharply. In

2025, the photovoltaic industry entered a period of deep adjustment, and the photovoltaic business of Jingying Optoelectronics was even worse, which not only failed to generate revenue for Fengfan shares, but also became a heavy burden for the company's operation. The 2025 performance forecast

of Fengfan shares shows that the company's net profit loss during the reporting period is 320 million yuan to 3. In the face of ", the successive losses of photovoltaic business gave Fengfan shares the idea of divesting the business.

In fact, in December 2025, at the performance presentation meeting held by Fengfan Stock Company, the company said that it would consider reducing the performance drag brought by the downturn of the photovoltaic industry through appropriate integration.

In addition to the performance loss, in March 2026, Jin Qiang , general manager of Jingying Optoelectronics, applied to resign as director and deputy general manager of Fengfan Stock Company due to job transfer.