On July 15, Hongyuan Green Energy disclosed its performance forecast for the first half of 2025. According to
the report, Hongyuan Green Energy is expected to achieve a net profit of -290 million yuan to -350 million yuan in the first half of 2025, which will reduce losses by 807.25 million yuan to 867.25 million yuan compared with the same period last year.
It is estimated that the net profit after deduction of non-attributable profit for the first half of 2025 will be -350 million yuan to -410 million yuan, and the loss will be reduced by 550.56 million yuan to 610.56 million yuan compared with the same period last year.
As for the reasons for the decline in performance, Hongyuan Green Energy said that during the reporting period, the global photovoltaic industry showed significant periodic fluctuations. At the beginning of the year, affected by the window period of China's photovoltaic policy adjustment, there was a concentrated rush to install in the domestic market.
However, in the second quarter (May-June), the industry demand and price trends changed significantly. With the end of the rush to install in China and the European market entering the seasonal off-season, the global demand for PV modules declined on a month-on-month basis, and the price of products in the industrial chain declined significantly.
According to InfoLink Consulting data, the spot price of photovoltaic N-type M10 silicon wafers at the end of June was 31% lower than April high. In this context, the company's main business sector has been impacted, superimposed on the impact of inventory impairment, the overall performance of the loss.