Solargiga Energy Warns of Loss in 2024

MT Newswires Live

03/12

Solargiga Energy Holdings (HKG:0757) expects a loss attributable to owners of about 200 million yuan to 240 million yuan for 2024, compared with the profit of 112 million yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.

The company attributed the group's expected loss to photovoltaic industry-wide oversupply, fierce price competition, and falling photovoltaic product prices, among other things.

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