¡Importante consolidación en la industria fotovoltaica! TCL Zhonghuan planea controlar el 66.34% de las acciones de Yidao New Energy con una inversión de 1,258 millones de yuanes.

Beijing Business Daily News (reporter Wang Manlei) On the evening of March 30, TCL Zhonghuan (002129) disclosed an announcement stating that the company plans to acquire 8.06% of the shares of Yidao New Energy Technology Co., Ltd. (hereinafter referred to as “Yidao New Energy”) (before capital increase) for cash of 258 million yuan. At the same time, the company plans to inject 1.0 billion yuan in capital into Yidao New Energy and obtain 55.56% of the shares of Yidao New Energy after the capital increase. After the completion of the share transfer and the capital injection, the company will receive 1.258 billion yuan in exchange for 59.14% of the shares of Yidao New Energy, and will in total accept voting-rights proxy arrangements for 7.2% of the shares, bringing its total control over 66.34% of the shares of Yidao New Energy.

According to the announcement, the transaction does not constitute a “major asset restructuring” as defined in the Administrative Measures for Major Asset Restructurings of Listed Companies, nor does it constitute a related-party transaction. Yidao New Energy specializes in research and development, manufacturing, and sales of high-efficiency solar cells, photovoltaic modules, and system applications. From 2023 to date, in the bids for N-type module amounts, it ranks among the top nationwide. In addition, it has accumulated years of R&D reserves in areas such as different application scenarios and BC battery technology.

Worth noting is that Yidao New Energy previously had an experience of attempting to pursue an IPO on the Growth Enterprise Market. The Shenzhen Stock Exchange website shows that the company’s IPO was accepted for review in December 2023 and was terminated in August 2024.

TCL Zhonghuan stated that this transaction will help improve the competitive landscape in the industry and support the requirement to achieve “anti-introversion.” The company said that improving the layout of the industrial chain and accelerating breakthroughs in BC battery modules are important business strategies. This transaction invests in key assets that match the company’s long-term strategic requirements, which will help rapidly and efficiently enhance the company’s photovoltaic cell module production capacity and enrich its product and customer structure. In addition, this transaction will help integrate both parties’ product technology capabilities, accelerate breakthroughs in new technologies and product capabilities such as BC batteries, and enhance the company’s leading advantages in the global photovoltaic industry.