Million crystal photoelectric: solar photovoltaic application performance losses by litigation compensation amount is greatly increased

Among them, 629 have been issued by nanjing intermediate people's court 'the conciliation statement'; This also caused investors to dissatisfaction. In addition, the company of some high energy consumption, high material consumption equipment operation no longer use and disposal, the impairment test for such equipment, preliminary estimates the provision for impairment of fixed assets should be about 2. 200 million yuan. Performance impact on the current litigation progress, the company has signed the 'agreement' or the mediation agreement is expected to impact on corporate profits amount is about 4919. 780000 yuan, the classification of the pv-tech application due to the rest of the case is still in the trial, solar portal, not produce effective legal documents, the amount temporarily cannot predict impact on corporate profits.

according to the securities regulatory commission issued by the administrative penalty, find out on June 22, 2016 to January 25, 2017, hundred million crystal photoelectric three arbitration matters, polysilicon accumulative amount of the equipment by more than 10% of the company audited net assets in 2015, the third arbitration are single amount more than hundred million crystal photoelectric audited net assets of 10% in 2015, but the company disclosed in a timely manner in accordance with stipulations. Dachaoshan hydropower station on the other hand, in December 2016, frequently ChengDa group and XunJianHua signed a cooperation framework agreement, in January 2017, frequently ChengDa XunJianHua signed share transfer agreement, and investing in two after the agreement has been signed, but the company did not timely disclosure, also did not reply in Jane's reports on equity changes, the Shanghai stock exchange, a quarterly in 2017 and 2016 annual report announcement disclosed in matters related to this agreement. Solar photovoltaic (pv) network statement: this information is reproduced from the media or other Internet web site, network cooperation photovoltaic network published the article for the purpose of the information, pv stent production enterprise does not mean that agree with his point of view or confirm its description. The article content is for reference only. “ Crystal photoelectric false statements caused people heavy losses, the CSRC while give administrative punishment to them, but the economic losses of investors have not been the slightest. On January 8, the secondary market, the company disclosed investors litigation matters, since the company's share price dropped, fell nearly 10%. In addition, China's solar energy network, million crystal photoelectric lawsuits and company performance is one of the reasons for the decline in 2019: investors litigation claims a year increased dramatically. Specifically, CGNPC in development of 410 mw, 603 mw, guangzhou energy saving 220 mw, 345 mw, jin can group the people vote for 200 mw, 190 mw hubei energy group, huaneng 180 mw this paper statistics September to today issued a total of 2. 85 gw pv power plant EPC and 1. 9 gw component bid opening information. According to the securities law and the Supreme People's Court judicial explanation, false statement of administrative penalties for false statements of listed companies by CSRC, damaged rights and interests of investors may file a civil compensation to the court that has jurisdiction over the lawsuit. In November 2019, the company's disclosure and 821 investors signed the settlement agreement, on January 8, 2020, the company of new and 183 investors attorney signed mediation agreement. Equipment, in addition, the solar energy photovoltaic parity Internet trend component product sales prices continue to fall, at the same time the company component end capacity constraints, although more than 2019 annual shipments grew by 30% year on year, but main business gross profit still fell on the previous year. 3 mm chest back & throughout; Annual reports preliminary results showed that million crystal photoelectric is expected in 2019 net profit of about - 2. 1 billion yuan to - 2. 7 billion yuan, year on year 6860 profit. 140000 yuan. The rest of the 159 cases, 84 cases has dropped, 75 cases 67 cases have been trial. Among them, the EPC project owner units is given priority to with soe/state, 3 mm chest back this also reflected from the side, solar energy, in project bidding and parity, the state-owned enterprises have become the absolute main force. Among them, 29 November 2019 solstice during January 8, 2020, the company received 111 new securities misrepresentation liability disputes, a total of 618 claims amount. 440000 yuan. Management company, silicon rods, silicon wafer production production base in changzhou is faced with high electricity cost, equipment old multiple pressure, etc. As of January 8, 2020, China solar power network, the company has received a number of investors in total 1163 cases of civil lawsuit filed against the company material, polysilicon equipment suit amounted 12101. 560000 yuan. Dachaoshan hydropower station solar photovoltaic net news: in the 2019 annual report of listed companies are gradually revealed, hundred million crystal photoelectric ( 600537). On January 22nd annual earnings forecast, is expected in 2019 net profit loss in 2. 1 billion yuan to 2. 7 billion yuan. ” Yesterday, the guangdong rush 犇 lawyers guo-hua liu, director of the public securities news interview said: & other; Investors filed a civil lawsuit claim, is the only thing that could save their losses.