The prolonged battle to clear photovoltaic silicon materials escalates: after GCL TECH "throttles down", Tongwei Co.,Ltd introduces tens of billions in strategic investment.

① Polysilicon prices have been running at a long-term low, and Tongwei Co.,Ltd's subsidiary Yongxiang Co.,Ltd lost nearly 1 billion yuan in the first three quarters of last year; ② Leading photovoltaic companies are looking for new sources of revenue and cutting costs to deal with this round of Industry cycles.

cls.cnMar 28 10:37 ET

Shanghai Electric Group: The 2024 annual report shows a surge in Orders but a decline in profits, and the risk of accounts receivable remains a concern.

Shanghai Electric Group 2024 Annual Report: A surge in orders cannot hide the decline in profits, and the risk of accounts receivable remains a concern. Key points summarizing financial performance: In 2024, total operating income reached 116.186 billion yuan, a slight increase of 1.2% year-on-year; Net income attributable to shareholders was 0.752 billion yuan, down 6.3% from the restated profit of 0.803 billion yuan in 2023; Basic EPS was 0.048 yuan, lower than the restated 0.052 yuan from the previous year. Gross margin was 18.6%, showing slight improvement. The Board of Directors recommends not to distribute a final dividend for the fiscal year 2024. Progress in core business: Revenue from Energy equipment.

wallstreetcnMar 28 08:58 ET

Last year's revenue was nearly 70 billion yuan. Lens Technology plans to accelerate its Global layout this year | Interpretations.

① In 2024, Lens Technology's revenue increased by 28.27% year-on-year, and net income grew by 19.94% year-on-year. ② This year, the company will continue to improve its global production capacity layout, including Southeast Asia and North America.

cls.cnMar 27 21:02 ET

Performance plummeted in the second half of the year, with Flat Glass Group's net income in 2024 dropping by over sixty percent | Interpretations

① Flat Glass Group's revenue in 2024 is 18.683 billion yuan, a year-on-year decrease of 13.2%; net income is 1.007 billion yuan, a year-on-year decrease of 63.52%; ② In the first half of the year, the cumulative net income is nearly 1.5 billion yuan, with a year-on-year growth rate of 38%, and losses of 0.203 billion yuan and 0.289 billion yuan in the third and fourth quarters respectively; ③ As of December 31, 2024, Flat Glass Group's total production capacity is 19,400 tons per day.

cls.cnMar 27 08:41 ET

HAIER SMARTHOME's revenue in Q4 increased by 16.67% year-on-year, Net income rose by 4.04%, and the dividend payout ratio approached 50% | Earnings Reports news.

Under the appliance replacement policy, revenue in the fourth quarter of 2024 increased by 16.67% year-on-year to 73.243 billion yuan. For the entire year of 2024, the Refrigerator and Washing Machine industries maintained a leading share; Casarte's high-end products grew rapidly, with a quarterly growth exceeding 30%.

wallstreetcnMar 27 08:17 ET

Yingli Green Energy: 2024 revenue is expected to grow by 24%, turning losses into profits, with photovoltaic and energy storage Business becoming new growth engines.

Key points summary of performance turnaround: In 2024, Yingli Co., Ltd. achieved revenue of 1.843 billion yuan, an increase of 24.18% year-on-year; the net income attributable to shareholders of the listed company was 10.2677 million yuan, a significant increase of 129.33% year-on-year, successfully reversing the loss from the previous year. Basic EPS changed from -0.27 yuan to 0.06 yuan. Normalized net income turned positive: After deducting non-recurring gains and losses (mainly including asset disposal losses, some government subsidies, changes in the fair value of financial instruments and disposal gains and losses, asset impairment, etc.), the net income reached 13.0053 million yuan, an increase compared to the previous year.

wallstreetcnMar 27 07:52 ET