Solargiga Energy (HKG:0757) expects an attributable loss of between 270 million yuan and 310 million yuan for the year 2025, wider than the 227 million yuan loss a year prior, according to a March 13 Hong Kong bourse filing.

Shares of the solar product manufacturer were down over 3% in Monday afternoon trading.

The firm attributed the forecast to lower average selling prices of major products leading to a drop in photovoltaic module revenue, a significant impairment loss on receivables and contract assets, and the recognition of substantial impairment losses on property, plant, and equipment.