Solargiga Energy Anticipates H1 2024 Losses

Solargiga Energy Holdings (HK:0757) has released an update.

Solargiga Energy Holdings Limited has issued a profit warning, indicating an expected unaudited loss of RMB 95 to 115 million for the first half of 2024, a stark contrast to the RMB 100 million profit from the previous year. The company attributes the anticipated loss to a decrease in photovoltaic module sales, price declines, impairment losses on assets, and inventory write-downs, despite efforts to improve operational efficiency and cost control. Investors are cautioned to exercise care when dealing in the company’s securities.

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