JA Solar stated it expects a web lack of between CNY 800 million ($110 million) and CNY 1.2 billion for the primary half of 2024, up from a CNY 4.8 billion web revenue within the first six months of final 12 months. It attributed the anticipated loss to elevated competitors within the photo voltaic market, leading to continued worth declines, lowered gross revenue from core operations, and important provisions for stock depreciation. Early quarterly experiences confirmed a 22% year-on-year decline in income to CNY 15.971 billion, with a quarterly web lack of CNY 483 million.

Accome Technology stated this week that a few of its properties in Ganzhou, Jiangxi province, are topic to public judicial public sale on on-line platforms attributable to native courtroom selections associated to debt litigation. The public sale contains three industrial land parcels and related floor buildings, with an preliminary bidding worth of CNY 550 million. Akcome Technology’s shares stopped buying and selling on China’s inventory exchanges in mid-June and its main subsidiaries suspended manufacturing.

GCL New Energy stated that its Suzhou GCL Operation subsidiary signed two operation and upkeep contracts with subsidiaries of GCL Energy Technology. The first deal includes offering companies to Nanjing Xinneng for 3 years at CNY 1.79 million per 12 months. The second contract is to supply companies to Zhongwei Xinhua for 3 years at CNY 2.19 million per 12 months. Both contracts started on July 2, 2024.

This content material is protected by copyright and might not be reused. If you need to cooperate with us and need to reuse a few of our content material, please contact: [email protected].

Popular content material