Summary by Moomoo AI
Solar Energy Holdings Limited (the “Company”) issued a profit warning on March 4, 2024, expecting a significant return to earnings in 2023. According to preliminary estimates, the company's unaudited annual profit from continuing operations is expected to be between RMB1.3 billion and $1.7 billion, compared with a loss of about RMB1.348 billion in 2022. This transformation is mainly due to increased customer orders, successful development for new customers, and increased production efficiency. Although the decline in the average selling price of PV components offset operating efficiencies, the company's overall gross profit margin continued to improve. However, the unaudited profit attributable to the shareholders of the parent company is expected to be between RMB 1 billion and 1.4 billion, still below the level of approximately RMB9.571 billion in 2022, mainly...Show More