On November 4, Guosheng Technologies disclosed that. The company's subsidiaries, Anhui Guosheng New Energy Technology Co., Ltd., Jiangsu Guosheng Shi'an New Energy Co., Ltd., and Anhui Ganjing Yuchen New Energy Co., Ltd. , which are mainly engaged in photovoltaic business , have stopped production on September 8 this year. As of the disclosure date of the announcement, it is still in a state of temporary suspension.
As for the reasons for the shutdown, Guosheng Science and Technology explained that the company's photovoltaic business sector was affected by multiple pressures, such as the supply and demand situation of the industry, the loss of orders, the periodic decline of domestic installed capacity, and the trend of overseas trade environment, so the company's photovoltaic business orders declined sharply and its revenue was greatly reduced. The three companies mentioned above have no orders in production. "The company is actively seeking high-quality photovoltaic business orders and is expected to resume production by December 7, 2026."
It is worth noting that if the above-mentioned enterprises fail to resume production before December 7, according to relevant regulations, Guosheng Science and Technology has the risk of being warned by other risks by the Shanghai Stock Exchange. In the
first three quarters of this year, Guosheng Science and Technology realized revenue of 325 million yuan, a year-on-year decline of 27.74%; net profit loss of 157 million yuan, the loss expanded year-on-year. In the third quarter of this year, the revenue of Guosheng Science and Technology was-0.18 billion yuan, with a net profit loss of 0.71 billion yuan.
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