On September 8, Yingli announced that it had decided to suspend the investment of " Anhui Feimi New Energy Distributed Photovoltaic Power Plant Investment Project " . The unused fund balance of the project is 10944 17000 yuan , which is used for 15 million sets of metal stamping parts and 8 million sets of metal die castings projects and notebook structural parts research and development and automation transformation projects.
In this regard, Yingli said that in the process of project promotion, the external environment and project implementation conditions of the photovoltaic industry have changed greatly; the photovoltaic industry chain continues to expand production, market competition intensifies; the investment income level of photovoltaic modules and distributed photovoltaic power plants fluctuates periodically; With the promotion of electricity market reform and the adjustment of relevant industrial policies and grid-connected rules, it will be difficult to achieve the expected benefits if they continue to be implemented. After
several changes in the fund-raising project
, it is reported that the fund-raising project has undergone a change in the use of fund-raising. In August
2024, Yingli announced that it planned to raise 340 million yuan in July 2022 for the annual production of 2 million pieces of PC full-milling metal precision structural parts project and the technical transformation project of PC full-milling metal precision structural parts. The change is used for the investment project of Feimi New Energy Distributed Photovoltaic Power Station in Anhui Province, the technical transformation project of PC alloy precision structural parts, Construction of Feimi Intelligent Energy Source Network Load Storage Research and Development Center.
Among them, Anhui Feimi New Energy Technology Co., Ltd. is the main body of the photovoltaic power plant project , which was originally planned to raise 18457 33000 yuan . It is planned to build distributed photovoltaic power stations on the roofs of many industrial and commercial owners in Anhui, Sichuan, Heilongjiang, Chongqing, Gansu, Guizhou, Jiangsu and other provinces and cities. The construction period of
the project was originally planned to be 24 months , and the after-tax internal rate of return is estimated to be 16.30% after completion. By the end of July 2026, the project had used 77.2102 million yuan of raised funds, and the balance of unused raised funds was 0.17 million yuan of 10944. The specific capital investment is as follows:
According to the
public information of the timely stop-loss cross-border "light-chasing" trip, Yingli shares were established in 2015 and successfully landed on the Shenzhen Stock Exchange in 2021. The original main notebook computer structure module and precision mold manufacturing .
In 2022 , due to the fatigue growth of traditional main industries, in order to open up the second growth curve, Yingli shares entered the photovoltaic industry which was flourishing at that time, and in October of that year, Anhui Feimi New Energy Technology Co., Ltd. was established in Anh UI to engage in research and development, production and sales of photovoltaic cells and components. In November of
the same year, Yingli finalized a purchase contract for 500MW crystalline silicon solar module production line equipment, involving an amount of 14 million yuan; By March 2023, the company's first photovoltaic module was offline .
At that time, Yingli said that it would continue to increase investment in the large-scale production of high-efficiency N-type cells , high-efficiency photovoltaic modules and the research and development of new photovoltaic iterative products, with a planned production capacity of 2.4GW photovoltaic modules in 2023. Within three years, we will achieve the manufacturing capacity of 20GW photovoltaic cells and modules, and actively lay out the construction and operation of integrated photovoltaic and storage products and distributed photovoltaic power plants.
Since then, Yingli shares have continued to invest heavily. In April 2023, Yingli signed an agreement with the government of Shucheng County, Anhui Province, to invest 1.04 billion yuan to build a high-efficiency N-type solar cell and packaging production line project; In June of the same year, another 72.8 million yuan photovoltaic module production line product procurement contract was signed .
However, just as the company is preparing to do a big job , the photovoltaic industry is rapidly reversing. Due to the overcapacity caused by the expansion of the whole industrial chain, the price of components plunged sharply, and most cross-border enterprises generally lost money.
After perceiving the cold winter of the industry, Yingli quickly adjusted its strategy to stop losses and shifted the focus of its photovoltaic business to the downstream photovoltaic power plant sector, while the existing component capacity only supported its own power plant projects and external OEM, and no longer blindly expanded production. In addition, the company also contracted the pure photovoltaic manufacturing business, focusing on the field of energy storage, and turned to the integrated and coordinated development mode of photovoltaic storage.
It is this adjustment that makes the company's photovoltaic sector grow against the trend in 2024. Data show that Yingli's photovoltaic sector revenue in 2024 was 217 million yuan, an increase of 767.29% over the previous year, and the proportion of revenue increased from 1.69% to 11.77%, which became an important increment of performance in that year.
However, the downward pressure of the industry continued to intensify, and the profitability of the new energy business continued to increase. In 2025, the company began to shrink its new energy heavy assets , terminated the acquisition of lithium battery module company Youteli, and suspended the overseas photovoltaic joint venture and power plant projects in the Netherlands.
Now, after several rounds of strategic contraction, the company's photovoltaic business has been almost marginalized .
According to the semi-annual report of 2026, the total revenue of Yingli shares is 940 million yuan, and the net return to the mother is about 31.88554 million yuan, of which the revenue of photovoltaic business is only 15.7674 million yuan, and the proportion of revenue has been as low as 1.68% .
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