Terminate! A photovoltaic enterprise's contract of nearly 250 million yuan has changed.

26, Yujing issued a notice that important contracts for daily operation would no longer be fulfilled.

According to the disclosure, Yujing shares signed a procurement contract with an overseas enterprise in October 2024. As a contractor, the company will provide automation equipment and services such as slicers, with a contract value of about 244 million yuan .

However, the company has recently received a notice from the customer that since the signing of the contract, the project is no longer feasible in business and operation due to major changes in the regulatory policies and market environment of the country where the customer is located, resulting in the failure to reach the effective conditions of the contract, and the contract is no longer fulfilled. According to the

data, Yujing shares were founded in 1998 and successfully listed on the Shenzhen Stock Exchange in 2018.

The company focuses on the R & D, production, sales and service of high-precision grinding and polishing CNC equipment, and provides customers with integrated equipment and process solutions. Its main products are multi-line cutting machine, grinding and polishing machine, diamond wire, etc., and also provides silicon wafer slicing processing business. In terms of

performance, the 2026 semi-annual report shows that the company achieved revenue of 157 million yuan during the reporting period, down 67.44% from the same period last year; Net profit loss of 72 million 342 thousand and 400 yuan , down 713.25% year on year, from profit to loss; The non-net profit loss was 76.5361 million yuan , down 6907.29% year on year.

For this performance change , Yujing shares said that because the company's main equipment business is in the centralized delivery stage, revenue has not yet been recognized; In addition, the subsidiary company's diamond line business and chip processing service capacity are underutilized, the cost is high, and the gross profit rate is low, resulting in a large net profit loss of the company.

Looking back, since its listing in 2018, the performance of Yujing shares has been flat. By the end of 2025, the accumulated net profit loss of the company in 8 years was about 51.42 million yuan . With a loss of 72.3424 million yuan in the first half of 2026, Yujing shares have accumulated a loss of about 124 million yuan since its listing .