A PV state-owned enterprise applies for bankruptcy liquidation of nine of its subsidiaries!

Recently, SOLARBE learned from the National Enterprise Bankruptcy Reorganization Case Information Network that the administrator of Dongying PV Solar Energy Co., Ltd. had applied to the Dongying Intermediate People's Court of Shandong Province for the bankruptcy of Dongying PV New Energy Development Co., Ltd., with the case number being (2025) Lu 05 Bankr. No. 4.

Dongying PV New Energy Development Co., Ltd. was established in May 2014 with a registered capital of 50 million yuan. The company is controlled by the Dongying District State-owned Assets Operation Group. On April 30, 2025, the company was listed as a person subject to enforcement by the Shandong High People's Court, with the enforcement amount being 113,657,488.00 yuan and the case number being (2025) Lu Zhi No. 9.

The company's business scope includes: sales of PV power generation equipment, solar cells, modules, and solar product series, system integration; import and export business; and house and equipment leasing.

Today, the Dongying Intermediate People's Court of Shandong Province issued nine announcements, ruling to accept the bankruptcy liquidation cases of nine subsidiaries under Dongying PV Solar Energy Co., Ltd., including Shanxian Taifu Solar Power Co., Ltd., Dongying Shenzhou Power Co., Ltd., Dongying PV New Energy Development Co., Ltd., Dongying Kenli District Hengyang New Energy Development Co., Ltd., Dongying Hengyang New Energy Development Co., Ltd., Dongying Lvzhineng Energy Technology Co., Ltd., Dongying Chaoyang New Energy Development Co., Ltd., Dongying Taihe Solar Power Co., Ltd., and Dongying Kenli District Juneng New Energy Technology Co., Ltd. The applicant is the administrator of Dongying PV Solar Energy Co., Ltd.

The businesses of the subsidiaries applying for bankruptcy liquidation cover PV engineering design, construction, sales of solar cells, modules, and solar product series, and investment in power and energy projects, as detailed below: