Solargiga Energy’s interim results for the six months ended 30 June 2026 show a topline rebound and improved profitability metrics despite continuing industry headwinds.

Revenue climbed 14.0% year-on-year to RMB 1.17 billion, driven primarily by a 44% increase in external photovoltaic (PV) module shipments to 2.17 GW. Gross profit swung to RMB 44.80 million (1H25: RMB –8.81 million), lifting gross margin to 3.8% from –0.9% a year earlier.

The Group reported a net loss of RMB 57.85 million, significantly narrower than the RMB 109.68 million loss recorded in the prior-year period. Loss attributable to shareholders fell to RMB 55.95 million (1H25: RMB 109.12 million). EBITDA turned positive at RMB 13.40 million versus a negative RMB 23.60 million a year ago.

Segment-wise, module manufacturing and trading (Segment A) remained the core contributor with RMB 1.07 billion in external sales. Construction and operation of PV power plants (Segment B) added RMB 18.09 million, while semiconductor and other products (Segment C) generated RMB 75.90 million.

Operational indicators showed stability: inventory turnover held at 53 days, trade receivable days improved to 166 from 211, and trade payable days eased to 177 from 205. Cash and cash equivalents stood at RMB 163.09 million, supplemented by RMB 424.91 million in pledged deposits. Net borrowings totalled RMB 340.80 million, pushing the gearing ratio to 54.9% (31 December 2025: 33.0%).

Module production capacity remained at 10.6 GW. The company continues to focus on high-efficiency N-type and large-format modules, while expanding downstream integrated energy services and semiconductor material offerings. Management reiterated its commitment to prudent capital spending, order selectivity, and cash-flow discipline amid ongoing price competition and evolving trade rules.

Given the loss position, the board declared no interim dividend for the period.