On November 4, Guosheng Technologies disclosed that. Its three subsidiaries (Anhui Guosheng New Energy Technology Co., Ltd., Jiangsu Guosheng Shi'an New Energy Co., Ltd., and Anhui Ganjing Yuchen New Energy Co., Ltd.), which are mainly engaged in photovoltaic business , have stopped production on September 8 this year, and are still in a temporary state of suspension as of the disclosure date of the announcement. In view of
the reasons for the shutdown, Guosheng Science and Technology said that due to the imbalance between supply and demand in the industry, the loss of orders, the periodic decline of domestic installed capacity, and the change of overseas trade environment, the orders of photovoltaic business have dropped sharply and the revenue has been greatly reduced. Production is expected to resume by December 7, 2026. In the first three quarters of
this year, the revenue of Guosheng Technology was RMB325 million, down 27.74% year-on-year, with a net loss of RMB157 million and an increase in the loss year-on-year. In the third quarter, the single-quarter revenue was RMB-18 million, with a net loss of RMB71 million.
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