Article

Bowei Alloy announced plans to sell its U.S. photovoltaic production capacity following significant impairments totaling RMB 1.006 billion, primarily due to U.S. policy impacts including high anti-dumping duties on Vietnamese photovoltaic products. The company projected a net profit of RMB 100-150 million for 2025, an 88.92%-92.61% decrease year-on-year.

Bowei established a task force in July 2025 and appointed J.P. Morgan as a financial advisor for the sale. As of February 2026, the company is in in-depth negotiations with 3-4 potential buyers, aiming for completion in Q1 2026.