Arrears the payment for goods, refuses to pick up the goods! More than 16 million yuan of photovoltaic modules were sold by law!

2026-05-27 17:33:10

Digital New Energy DataBM. Com has learned that the Intermediate People's Court of Wuxi City, Jiangsu Province, will auction 28100000 W photovoltaic modules (single glass/single crystal/solar panels with power of 600 W, 605 W, 665 W and 670 W respectively) from 10:00 on June 3 to 10:00 on June 4, 2026.

The Digital New Energy DataBM. Com has learned that. The Intermediate People's Court of Wuxi City, Jiangsu Province, will publicly auction the 28100000 W photovoltaic " from 10: The total number of photovoltaic modules in the auction is about 28100000 W, all using PERC battery technology , and are now stored in the warehouses of China Building Materials Junxin Technology Co., Ltd. in Haian, Jiangsu and Tongcheng, Anhui. The starting price is 1601.

The auction objects are detailed in the following table:

Arrears payment for goods, refuses to pick up the goods! Shandong Quanwei New Energy Technology Co., Ltd. (hereinafter referred to as "Shandong Quanwei") will issue a corresponding compliant invoice to the Buyer.

It is understood that the auction of photovoltaic modules originated in 2023, when Shandong Quanwei New Energy Technology Co., Ltd. purchased 58.76 MW photovoltaic modules from China Building Material Junxin Technology Co., Ltd. The total transaction price is 69.0158 million yuan , equivalent to a unit price of about 1.

According to the agreement between the two parties, CNBM Junxin will produce according to the requirements of Shandong Quanwei, and store it in the warehouse after the completion of production. Shandong Quanwei will pay in batches and pick up the goods in batches.

However, after the completion of the production of this batch of components, Shandong Quanwei was in trouble because of the sharp decline in the price of the photovoltaic market in 2024 and its own operation. It only took a small amount of goods, defaulted on payment for a long time and refused to pick up the goods. Based on this, China Building Material Junxin formally filed a lawsuit with the court in June 2024. In December

2025, after mediation by the court, the two parties agreed to adjust the unit price of components to 0.

However, after the agreement came into effect, Shandong Quanwei still failed to perform the contract, and the case finally entered the stage of enforcement.

According to the previous announcement, * ST Quanwei stock has been warned of delisting risk. In January 2026, the company has been applied for reorganization and pre-reorganization by creditors , and the court has not yet formally accepted it.

Financial data show that as of March 31, 2026, * ST Quan had total assets of 655.2 million yuan and total liabilities of 10.

All can be viewed after purchase
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Digital New Energy DataBM. Com has learned that the Intermediate People's Court of Wuxi City, Jiangsu Province, will auction 28100000 W photovoltaic modules (single glass/single crystal/solar panels with power of 600 W, 605 W, 665 W and 670 W respectively) from 10:00 on June 3 to 10:00 on June 4, 2026.

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