Solargiga Energy expects FY2025 net loss of RMB270 million to RMB310 million

Reuters
Mar 13
Solargiga Energy expects FY2025 net loss of RMB270 million to RMB310 million

Solargiga said it expects an unaudited net loss attributable to owners of the parent of RMB270 million to RMB310 million for the year ended 31 December 2025. The company reported a net loss attributable to owners of the parent of about RMB227 million for the year ended 31 December 2024. It cited falling average selling prices and low capacity utilization that reduced photovoltaic module revenue and gross margin. Solargiga also flagged significant impairment losses on receivables and contract assets linked to customer lawsuits and debtor financial positions. It added it recorded significant impairment losses on property, plant and equipment after some asset groups incurred operating losses.

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