---
title: "QINGDA ENVIRONMENT plans to transfer the 120MW fish-solar complementary project to external parties"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/232063451.md"
description: "QINGDA ENVIRONMENT announced that the company will transfer its wholly-owned subsidiary Qingdao Xingshengda New Energy Technology Co., Ltd.'s 120MW fish-solar complementary project to New Energy Star (Jiaozhou) New Energy Co., Ltd. through an equity transfer. The total investment in the project is RMB 546,788,491.20, and the equity acquisition price is RMB 1. After the transaction is completed, Qingdao Xingshengda will no longer be a subsidiary included in the company's consolidated financial statements, and it is expected to have a positive impact on the company's revenue and profit in 2025"
datetime: "2025-03-17T09:48:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/232063451.md)
  - [en](https://longbridge.com/en/news/232063451.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/232063451.md)
generator: "portal-rs"
---

# QINGDA ENVIRONMENT plans to transfer the 120MW fish-solar complementary project to external parties

According to the announcement from QINGDA ENVIRONMENT (688501.SH), the company's fifth board of directors' seventh meeting and the fifth supervisory board's sixth meeting reviewed and approved the proposal on the transfer of the 120MW fish-solar complementary project. It was agreed to transfer the 120MW fish-solar complementary project held by the company's wholly-owned subsidiary Qingdao Xingshengda New Energy Technology Co., Ltd. (referred to as "Qingdao Xingshengda") to New Energy Xingzhou (Jiaozhou) New Energy Co., Ltd. (referred to as "New Energy Xingzhou Jiaozhou") through equity transfer.

As of the date of this announcement, the fish-solar complementary project has been successfully constructed, passed acceptance, and achieved full-capacity grid-connected power generation at the designed installed capacity on the DC side. Qingdao Xingshengda has completed the spin-off of the supporting hydrogen production project. After friendly consultations among all parties to the pre-acquisition agreement, a supplementary agreement was signed, confirming the total investment amount for the project to be RMB 546,788,491.20. According to the pre-acquisition agreement, Qingdao Xingshengda will transfer its fish-solar complementary project to New Energy Xingzhou Jiaozhou through equity transfer. New Energy Xingzhou Jiaozhou will complete the 100% equity acquisition of Qingdao Xingshengda through a debt-assumed equity transfer, with the equity acquisition price set at RMB 1, and New Energy Xingzhou Jiaozhou will assume the debts of Qingdao Xingshengda. After the completion of this transaction, the company will no longer hold equity in Qingdao Xingshengda, and Qingdao Xingshengda will no longer be a subsidiary included in the company's consolidated financial statements. The relationship between Qingdao Xingshengda and the company will only be that of the owner and the general contractor. The company expects that providing EPC services for the fish-solar complementary project to Qingdao Xingshengda will have a positive impact on the company's revenue and total profit in 2025, with the profit level not significantly differing from the company's regular business, and the final data will be subject to the audit results

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**