Tongwei says it has registered a net loss of $ 969 million for tax 2024, while GoodWe recorded a loss of $ 85 million and the net profit of Ginlong fell by 11.3% to $ 95 million.
Tongue achieved a net loss of CNY of 7.04 billion ($ 969 million) for 2024, a decrease of 152% of a net profit of CNY 13.58 billion in the previous year, which marks its first annual loss since the list. Turnover fell by 33.87% to CNY 91.99 billion. The company blamed the decline of oversupply and the steep price falls in the solar chain, which pushed the selling prices under the costs of the industry. An extra CNY 1.07 billion in long -term disorders also weighed on income. Despite the losses, the tongue meadow raised the sales volumes. The sale of monocrystalline silicone rose by 20.76% to 467,600 tons, accounting for around 30% of the domestic offer. The sale of solar cells reached 87.68 GW (including internal use), an increase of 8.7%, while module readings with 46.93% jumps to 45.71 GW, which placed the company one of the top five worldwide module suppliers. From March 2025, the capacity of Tongwei included more than 900,000 tons of pure silicon, more than 150 GW solar cells and 90 GW module capacity.
GinLong technologies Registered a net profit of CNY 691 million for 2024, by 11.32% year by year, while sales increased by 7.23% to CNY 6.54 billion, according to its last annual report. The company called the inverter -question and strategic price reductions to maintain the market share. Despite the pressure on the margins, Ginlong placed a strong operational cash flow of CNY 2.05 billion, more than four times higher than in 2023. Basic profit per share came to CNY 1.75, with a return of 8.61% on equity. The board proposed a cash dividend of CNY 2 per 10 shares.
Good Registered a net loss of CNY 618 million for 2024, which reversed a CNY 852 million profit in the previous year. Turnover fell by 8.36% to CNY 6.74 billion, while the operational cash flow fell to CNY -793 million from CNY 1.03 billion in 2023. The basic profit per share fell to -cny 0.26, with returns on equity at -2.16%. Despite these setbacks, Goodwe has increased the R&D investment by 17.4% to CNY 551 million, or 8.18% of sales, because it focused on the development of new products.
Flat glass group recorded a net profit of CNY 106.1 million for the first quarter of 2025, a decrease of 86.56% of CNY 759.8 million a year earlier. Turnover fell by 28.76% to CNY 4.08 billion, from CNY 5.73 billion, due to a steep decrease in PV glass prices compared to the same period last year.
Jianbang Hi-Tech has applied shares according to an application of 2 May to state shares in the main council of the Hong Kong Stock Exchange. The company specializes in the R&D, production and sale of silver powder used in photovoltaic silver pasta. It was first in China and second worldwide in 2024, with a worldwide market share of 9.9%. According to his prospectus, the turnover of CNY of CNY 1.76 billion in 2022 increased to CNY 3.95 billion in 2024. The net profit grew from CNY 24.2 million to CNY 79 million in the same period.
Shanghai Yaopi Engineering GlassA subsidiary of Yaopi Glass said that the CNY will invest 284.2 million to expand its existing site and build 22,949 square meters of new factory space, according to an announcement of 30 April. The project includes a new quad-silver coating line, automated storage and advanced glass processing equipment. Once completed, the facility adds 1.15 million square meters of annual capacity for energy-efficient and low-carbon glass products, including BIPV glass, curtain wall glass, device coatings and sea glass. The construction is expected to last 2.5 years and will be financed via internal and external sources. The company projects the annual turnover of CNY 310 million with full disaster-up, with an internal return after taxes of 13.26% and a payback time of 5.8 years, excluding construction time.
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