On January 29, the A-share photovoltaic sector collectively dived, and the stock prices of some photovoltaic companies fell to the limit, and Guosheng Technology (SH:603778) was also one of them. However, the reason for Guosheng Technology's fall limit is relatively special, and it is completely done by itself.
Huaxia Energy Network (**hxny3060) learned that the day before the stock price fell (January 28), Guosheng Technology issued an announcement saying that Wu Jun, the actual controller and chairman of the company, was taken into custody on November 2, 2023, and cooperated with the Huai'an Municipal Supervision Commission to assist in the investigation. Affected by this news, after the opening of the next day, the share price of Guosheng Technology went all the way to 4 in the afternoon$15 shares. As of press time, Guosheng Technology is 418 yuan,**0.72%。
Dramatically, on the last trading day (January 26), Guosheng Technology responded to market rumors about "employee wages were not paid in time and the chairman was retained", saying that the chairman was performing his duties normally, and the company could contact the chairman. As for employee wages, the company is divided into two major business segments, the wages of the garden sector are paid normally, and the wages of employees in the photovoltaic sector are not currently known. Affected by this, the share price of Guosheng Technology on the same day rose to a limit.
It is also worth noting that Wu Jun has been placed in custody for nearly 3 months, but Guosheng Technology has kept it a secret. Even if an announcement is issued now, Guosheng Technology has not explained the reason for Wu Jun's detention. Although Guosheng Technology also stressed that Wu Jun was taken into custody, "the matters involved have nothing to do with the company". However, as the actual controller and chairman, Wu Jun's movements will inevitably affect the company's strategic decision-making and business development.
According to public information, in January 2022, Guosheng Energy, with Wu Jun as the chairman, was established, and the company is mainly engaged in the production of photovoltaic cells and modules. In September 2023, Guosheng Energy completed its holding of Qianjing Garden, an A-share listed company, and renamed Qianjing Garden as Guosheng Technology, with Wu Jun as chairman. Since then, Guosheng Technology has changed the original business pattern of Qianjing Garden, and the dual main business of "garden + photovoltaic" has developed simultaneously.
In the photovoltaic business segment, Guosheng Technology mainly focuses on the production of large-size and high-efficiency heterojunction photovoltaic cells and modules. According to ** statistics, the production capacity of its heterojunction cells and modules in 2023 will reach 25GW and 6GW, with a planned production capacity of 30GW of HJT cells and modules. This is the same choice as many companies that are new to the photovoltaic industry. Heterojunction photovoltaic cell technology is considered more efficient and more suitable for crossovers and start-ups.
However, heterojunction batteries have always had the problem of high cost, which restricts industrialization. So far, Guosheng Technology has not exposed a key breakthrough in heterojunction cell technology. And, with the emergence of overcapacity in the industry and the rise of other battery technologies, the market competition faced by heterojunction companies is becoming more and more intense. Young companies like Guosheng Technology will face a brutal knockout.
In addition, just in the middle of last month and the beginning of this month, Guosheng Technology also received warning letters from the Beijing Securities Regulatory Bureau and the Shanghai ** Stock Exchange, believing that it had problems in financial accounting and internal control.
Now, the company's actual controller and chairman of the board of directors have been retained again, and the question continues to be raised, and the future of Guosheng Technology will also receive continuous attention from the industry.
*Please indicate the source, article**: Huaxia Energy Network, **hxny3060).