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Eging PV Has registered its steepest annual loss in 2024 and has posted a net loss of CNY 2.09 billion ($ 288 million), compared to a modest profit a year earlier. The turnover fell by 57.07% to CNY 3.478 billion ($ 479 million). The company attributed the decline to serious market pressure and considerable operational setbacks. Production at the 5 GW Percel facility in Changzhou and 7.5 GW TopconCel facility in Chuzhou has completely stopped. The production line of 10 GW module runs under the capacity of 40%. In 2024 the company produced 4.14 GW of PV modules and sold 3.72 GW, 25.6% and 32.05% respectively, on an annual basis. Solar cell production self -produced fell 67.46% to 1.67 GW, while sales fell 35.8% to only 138.39 MW. From the end of Q1 2025, the cash reserves of EGING CNY CNY was 1,049 billion ($ 145 million), while interest -bearing obligations rose to CNY 2.552 billion ($ 352 million). The current ratio fell to 0.99, so that the liquidity was tightened. The company wants to maintain 2025 module shipments at levels similar to those in 2024.
State Grid Corp. From China has unveiled a operating system developed in the interior designed to operate large -scale electricity networks with a high penetration of renewable energy sources. The system will integrate more than 60,000 substations and hundreds of thousands of new energy generation units into the State Grid service area. It is able to dynamically manage up to 360 GW renewable power in one day and is designed to support a final renewable installed capacity of 1.41 TW, with a usage rate of up to 96.1%. The system integrates a decade of technical development through leading global research teams and marks breakthroughs in electromagnetic temporary simulation, multi-temporal-spatial optimization and error error. State Grid says that real -time coordination makes it possible about generation, transmission, consumption and storage.
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