of Haikong Sanxin (Bengbu) New Energy Materials Co., Ltd. will auction all seven photovoltaic glass deep processing production lines in its factory area from 10:00 on September 22 to 10:00 on September 23. The Hainan Development Holding Company, which was established
in 2008 and is mainly engaged in ultra-white solar photovoltaic glass , continued to lose money after 2022 due to intensified competition in the industry and downward product prices, and was insolvent by the end of June 2025. In September of the same year, it completely stopped production, entered the bankruptcy liquidation procedure in December, and is still in the stage of centralized disposal of assets, and has not yet been declared bankrupt by the court.
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