Hongyuan Green Energy: Revenue and Net Profit Decline Year-on-Year, Cash Flow Explodes by 94.16%

On August 29, Hongyuan Green Energy released its semi-annual report. In the first half of the year, its operating income was about 7.174 billion yuan, down 37.38% year-on-year; its net profit was about 1.017 billion yuan, down 35.45% year-on-year; its basic earnings per share was about 2.49 yuan. At the same time, the company intends to distribute a cash dividend of 5.50 yuan (including tax) to all shareholders for every 10 shares.

As for the decline in performance, the company said that during the reporting period, the price of polysilicon materials fell, which affected the price of monocrystalline silicon products and reduced revenue.