- Business
- Lingda Group Co., Ltd. (300125.SZ) engages primarily in the development of the new energy industry, ecological environment improvement, and energy saving activities in China. The company provides power engineering construction services; photovoltaic power generation operations; high-efficiency photovoltaic solar cells; solar thermal power generation equipment, photovoltaic modules, energy storage equipment, and generators; research, development, procurement, production, processing, and sale of solar materials and solar power stations; energy storage systems; import and export of solar energy and energy storage equipment, products, and technology; investment and development of solar and wind power generation; technical consultation and services; solutions for household photovoltaics, industrial and commercial distributed photovoltaics, and ground photovoltaic power stations; and industrial hemp CBD atomization cartridges under the MULA and LAFS brands exported to Japan, Europe, and the United States, as well as tea atomization products to Southeast Asian countries. Founded in December 2005 and headquartered in Dalian, Liaoning Province, China, Lingda Group operates through wholly-owned subsidiaries including Jinzhai Jiayue New Energy Technology Co., Ltd., a high-efficiency crystalline silicon solar cell producer; Woda Industrial Hemp (Yunnan) Co., Ltd., an exporter of CBD vaping alternatives; and Sunshine Hengyu (Xiamen) New Energy Co., Ltd., which offers one-stop photovoltaic solutions via EPC contracting and strategic partnerships with top industry players.
In recent developments, the company, formerly known as Dalian East New Energy Development Co., Ltd., has undergone a name change and is pursuing pre-restructuring with a consortium of Hefei Widi Semiconductor Materials Co., Ltd. and Zhejiang Zhongling Technology Co., Ltd. as industrial investors for itself and subsidiary Jinzhai Jiayue New Energy; it signed a Reorganization Investment Agreement and terminated the Jiayue Phase II project. Lingda Group also agreed to acquire a 70% stake in Jinzhai Geri New Energy Technology Co., Ltd. from Jinzhai Zhenghai Jiayue Investment, amid ongoing efforts to narrow losses and address regulatory concerns, including special treatment status (*ST), executive resignations, and restrictions on key personnel.[web:moomoo contents] These changes reflect strategic shifts in its new energy portfolio and operational restructuring within the last two years.[web:marketscreener contents]