Jiangsu Youli Intelligent Equipment Co., Ltd. announced on April 1, 2026 that the company intends to use all the over-raised funds of 9.8029 million yuan for the “Suzhou Photovoltaic Support Core Parts Production and Research Base Construction Project” under construction investment. This move is intended to further expand the company’s production scale in the field of photovoltaic support core components, and strengthen technology research and development capabilities, so as to cope with the rapid growth of the market demand.
The announcement pointed out that in the public offering to unspecified qualified investors in August 2025, Youli Intelligence raised a total of 279.7044 million yuan in net funds, of which 9.8029 million yuan was raised in excess. As of March 20, 2026, the overall investment progress of the company’s raised funds is 28.64, while the over-raised funds have not yet been used. The announcement also revealed that the total investment in the construction project of Suzhou photovoltaic support core parts production and research and development base is 205.7763 million yuan, and the construction period is expected to be 2 years. Upon completion, the project will have an annual production capacity of 2.5 million PV bracket bearing assemblies (BHA), 10 million PV module mounting structures (URA) and 6 million purlins (RAIL).
