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On May 7, Yingli Shares announced on the investor interaction platform that, in addition to excelling in its current core business of structural components, the company is set on acquiring upstream, downstream, or affiliated enterprises within its industrial chain. Notable targets include Youteli and Foshan Zhiqiang. Through these strategic acquisitions, Yingli aims to bolster synergy across its operations and enhance its fundamental business strengths. Concurrently, the company will streamline its operations to minimize losses in the photovoltaic energy storage sector, with a vision to attain a market capitalization ranging from 8 billion to 10 billion yuan within the next 1-2 years. As of now, the acquisition of Foshan Zhiqiang has been successfully concluded, and the review process for Youteli has recommenced.
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