IRICO Group New Energy Issues Profit Warning, Anticipates Significant Revenue Decline and Net Loss for 1H2025

Reuters

2025/07/21

IRICO Group New Energy Issues Profit Warning, Anticipates Significant Revenue Decline and Net Loss for 1H2025

IRICO Group New Energy Co. Ltd. has issued a profit warning, indicating that the company expects a significant decline in its financial performance for the first half of 2025. The company anticipates operating revenue to fall between RMB1,495 million and RMB1,525 million, representing a decrease of approximately 25.21% to 26.68% compared to the same period in 2024. Furthermore, the company projects a net loss attributable to the shareholders ranging from RMB290 million to RMB320 million for the first half of 2025. The decline is primarily attributed to intensified competition in the photovoltaic glass industry, leading to a drop in product prices and gross profit margins. Additionally, the company has made provisions for inventory impairment due to declining product prices. This financial outlook is based on unaudited management accounts and currently available information, and shareholders are advised to exercise caution.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IRICO Group New Energy Co. Ltd. published the original content used to generate this news brief on July 21, 2025, and is solely responsible for the information contained therein.

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Ltd. has issued a profit warning, indicating that the company expects a significant decline in its financial performance for the first half of 2025. The company anticipates operating revenue to fall between RMB1,495 million and RMB1,525 million, representing a decrease of approximately 25.21% to 26.68% compared to the same period in 2024. Furthermore, the company projects a net loss attributable to the shareholders ranging from RMB290 million to RMB320 million for the first half of 2025. The decline is primarily attributed to intensified competition in the photovoltaic glass industry, leading to a drop in product prices and gross profit margins. Additionally, the company has made provisions for inventory impairment due to declining product prices. 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Ltd. published the original content used to generate this news brief on July 21, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00438","symbol_name":"彩虹新能源","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250721:nNDL4TnLKZ:1","article_id":"2553478469","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553478469","pubTimestamp":1753091926,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"IRICO Group New Energy Co. Ltd. has issued a profit warning, indicating that the company expects a significant decline in its financial performance for the first half of 2025. The company anticipates operating revenue to fall between RMB1,495 million and RMB1,525 million, representing a decrease of approximately 25.21% to 26.68% compared to the same period in 2024. Furthermore, the company projects a net loss attributable to the shareholders ranging from RMB290 million to RMB320 million for the first half of 2025. The decline is primarily attributed to intensified competition in the photovoltaic glass industry, leading to a drop in product prices and gross profit margins. Additionally, the company has made provisions for inventory impairment due to declining product prices. 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