Solar Energy has made an announcement stating that its wholly-owned subsidiary, Solar Energy Technology Company, has set its sights on acquiring a complete 100% stake in Jinhua Fengling. This stake is currently held by Hangzhou Fengling, and the acquisition deal is valued at RMB 527 million. Notably, as of August 31, 2025, the audited book value of Jinhua Fengling stands at RMB 544.6875 million. By executing this acquisition, Solar Energy aims to swiftly bolster its installed capacity, open up fresh revenue streams, and solidify its standing and sway within the solar photovoltaic power generation sector.
