Summary by Moomoo AI
Solargiga Holdings Limited ("the Company") announced its interim report on 30 June 2024. During the reporting period, the Company and its subsidiaries ("the Group") were mainly engaged in the manufacture and sale of photovoltaic modules, the construction and operation of photovoltaic power stations, as well as the manufacture and sale of semiconductors, and the sale of monocrystalline silicon solar cells. The revenue for the period was approximately RMB 1,693.2 million, a decrease of approximately 51.2% compared to the same period last year. The Group incurred a loss of approximately RMB 101.7 million during the period, while a profit of approximately RMB 127.1 million was recorded in the same period last year. The Group believes that despite the challenges of oversupply in the photovoltaic module industry, it remains confident in the long-term development of the Group. The Board of Directors did not propose the distribution of any interim dividends.
