Fuda Industrial, a major pre-IPO shareholder, will divest its entire 2.29% stake in Hesheng Silicon Industry through both centralized bidding and block trades between November 2025 and February 2026. The planned shareholder divestment could net approximately 1.584 billion yuan based on current share prices, representing one of the largest single-investor exits in China’s photovoltaic sector this year. Hesheng Silicon Industry’s financial performance has deteriorated significantly, with 2025 first three quarters showing a 25.35% revenue decline and 122.1% drop in net profit to negative territory. This shareholder divestment occurs against a backdrop of regulatory changes and market volatility in China’s silicon and solar industries, requiring careful assessment by international investors. The complete exit of a long-term shareholder raises questions about confidence in the company’s recovery prospects and may signal broader sector challenges.
Major Shareholder to Fully Divest Stake in 69.1 Billion Yuan Photovoltaic Giant Hesheng Silicon Industry
