<a href="https://laohu8.com/S/PN">Skycorp Solar</a> Group Reports 7.53% Revenue Increase, 39.09% Net Income Decrease for First Half of 2025
Skycorp Solar Group Ltd. has announced its financial results for the first half of 2025, revealing a notable increase in revenue driven by solar PV product sales. For the six months ending March 31, 2025, the company reported revenues of $24.18 million, up 7.53% from $22.48 million in the same period of 2024. This growth was primarily attributed to a 13.62% rise in solar PV product sales, which offset a 45.53% decline in high-performance computing product sales due to a global economic slowdown. Despite the revenue growth, Skycorp's net income decreased by 39.09%, totaling $391,967 compared to $643,498 in the prior year. The gross profit also saw an increase, reaching $3.70 million and representing 15.32% of revenues, up from 15.10% in the previous year. The company attributes this improvement to the surge in solar PV product sales. The increase in selling and marketing expenses by 23.15% to $973,207 reflects Skycorp's ongoing efforts to expand its business. There is currently no outlook or guidance provided in the report.
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