Releasing its preliminary FY2025 financial results, solar laser equipment manufacturer DR Laser reported an operating revenue of RMB 2.03 billion, up 0.93% year-on-year (YoY). The company’s adjusted net profit reached RMB 474.78 million, down 3.43% YoY.
In parallel, the company is also advancing plans to list in Hong Kong. Earlier this year, DR Laser announced it intends to issue H-shares and pursue a listing on the Hong Kong Stock Exchange (HKSE).
In December 2025, DR Laser decided to terminate the use of raised capital for one of its projects related to laser printing technology for solar cells (see China Solar PV News Snippets).
Renewable energy developer Orient Eco-Energy announced plans to acquire equity stakes in 2 new energy companies through one of its holding subsidiaries, for a total cash consideration of RMB 275.59 million.
The transaction includes a 100% stake in Haicheng Ruihai New Energy Wind Power Generation and an 80% stake in Beijing Diantou Ruixiang New Energy Development. Beijing Diantou Ruixiang currently manages about 678.95 MW of grid-connected PV capacity and 95.90 MW of wind power, while Haicheng Ruihai operates wind projects with roughly 41 MW of installed capacity.
The Shanxi Provincial Energy Administration has released its first list of wind and solar projects slated for cancellation in 2026, covering 22 projects with a combined installed capacity of 1.47 GW.
The cancellations include 10 centralized PV projects totaling 845.98 MW, 3 distributed PV projects totaling 100 MW, and 9 wind projects totaling 526.1 MW. Authorities cite reasons such as failure to submit required applications on time or inability to begin construction as scheduled.
PV equipment manufacturer Yiheng Technology is expected to halt production indefinitely following the forced delisting of its parent company, Changjiang Pharmaceutical Holdings, by the China Securities Regulatory Commission due to fraudulent financial reporting.
According to a corporate filing, subsidiaries under the parent group have either entered bankruptcy liquidation or suspended operations. The company said the decision reflects severe cash shortages, ongoing financial losses, and challenging market conditions in the PV equipment sector.
Photovoltaic silver paste manufacturer Fusion plans to enter the semiconductor materials sector by acquiring SK Enpulse's (SKE) blank mask business, a South Korean supplier of semiconductor materials and equipment.
Under the deal, SKE will spin off the business into a new entity. Fusion and Korea Investment Partners will establish a special purpose company to complete the acquisition with an investment of KRW 68 billion, with closing scheduled for March 31, 2026.
Blank masks are ultra-high-purity quartz substrates coated with specialized materials and used to produce photomasks in semiconductor lithography processes.
In November 2025, Fusion Materials announced plans to list its shares on the HKSE (see China Solar PV News Snippets).
