# Jingying Photoelectric

Shattered Silicon: Fanfan Shares’ Costly Exit from China’s Crowded Solar Market

Fanfan Shares is divesting its majority stake in a solar subsidiary at a massive discount following 600 million RMB in losses and a recent factory fire. The move underscores the risks faced by traditional Chinese industrial firms attempting to pivot into the country's hyper-competitive and oversupplied renewable energy market.