Solargiga Energy Holdings Limited (Stock Code: 00757) issued a profit warning on 13 March 2026, projecting an unaudited net loss attributable to shareholders of between RMB270.00 million and RMB310.00 million for the year ended 31 December 2025. This compares with the RMB227.00 million loss recorded in FY2024, indicating a further deterioration of approximately RMB43.00–83.00 million year-on-year.

The Board attributes the anticipated deficit to three principal factors:

1. Industry-wide headwinds: Persistent supply-demand imbalance in the photovoltaic (PV) sector drove average selling prices of key products lower throughout 2025. Coupled with under-utilised production capacity, the price decline compressed gross margins on PV modules and reduced overall revenue.

2. Credit-related write-downs: The Group recognised a sizeable impairment loss on receivables and contract assets following legal actions against certain customers and a reassessment of debtor credit profiles, in contrast to a reversal of impairments booked in 2024.

3. Asset impairments: Declines in sales volume and market prices triggered operating losses in specific asset groups, prompting impairment assessments and a significant write-down of property, plant and equipment.

Management stated that efforts to enhance operational efficiency and tighten cost controls will continue. While current conditions remain challenging, the Board reiterated confidence in the long-term outlook of the PV industry, citing sustained global commitments to carbon neutrality.

The FY2025 figures are based on unaudited management accounts and remain subject to audit review and potential adjustments. Solargiga plans to publish its full annual results within the timeframe stipulated by Hong Kong Listing Rules.

Shareholders and prospective investors are advised to exercise caution when dealing in the Company’s securities pending the release of audited results.