Triumph New Energy (01108) has issued an announcement regarding its estimated annual results for the year ending 31 December 2025. According to preliminary calculations from the finance department, the net loss attributable to shareholders is forecast to widen by RMB90.07 million to RMB290.07 million compared with the same period last year. After deducting non-recurring profit or loss, the net loss is expected to expand by RMB160.47 million to RMB360.47 million.

In contrast, figures for the previous year showed an overall loss of RMB780.77 million, with a net loss attributable to shareholders of RMB609.93 million and a net loss of RMB641.53 million after deducting non-recurring profit or loss. The basic loss per share was RMB0.94.

The announcement cites persistent supply-demand pressures in the photovoltaic glass market, resulting in lower gross profits, as well as additional impairment provisions for assets showing impairment indicators, as the main factors driving the increased loss.

The figures provided have not been audited and may differ from final results. The official 2025 annual report to be released by the company will present accurate and detailed financial data. The announcement also notes no significant uncertainties that might affect the accuracy of these estimates.