of April 29, Shuangliang Energy Conservation announced that the board of directors of the company received a written resignation report submitted by Yang Likang, the secretary of the board of directors. Due to job adjustment, Yang Likang resigned as secretary of the board of directors of the company and continued to serve as deputy general manager of the company after his resignation.
At the same time, Shuangliang Energy Conservation announced the appointment of Miao Yuxuan as the secretary of the board of directors of the company, with a term of office from the date of approval by the board of directors to the date of expiration of the term of the ninth board of directors of the company. According to
the data, Miao Yuxuan, male, Han nationality, born in 1993, Chinese nationality, Bachelor of Mathematics, Washington University, Master of Applied Analysis, Columbia University. He has served as Director of Investment Department of Shuangliang Group Co., Ltd., Secretary of the Board of Directors of Wuxi Baiaode Bioscience Co., Ltd., and analyst of Golden Dome Investments LLC. He has rich experience in primary market investment and research, enterprise IPO preparation and industrial mergers and acquisitions, and is currently the secretary of the board of directors of Shuangliang Energy Conservation.
On the same day, Shuangliang Energy Conservation also released its annual report for 2025 and its performance report for the first quarter of 2026.
In 2025, Shuangliang Energy will realize a revenue of 7.565 billion yuan, a year-on-year decrease of 41.98%; a net profit loss of 1.116 billion yuan, a year-on-year decrease of 47.71%; a non-net profit loss of 1.174 billion yuan, a year-on-year decrease of 47.21%.
As for the decline in business income, Shuangliang Energy Conservation said that it was mainly due to the decrease in sales of polysilicon reduction furnaces and photovoltaic products affected by the industry.
The annual report shows that in 2025, Shuangliang energy-saving photovoltaic products achieved revenue of 4.420 billion yuan, down 50.12% year-on-year, gross interest rate of-10.79%, an increase of 5.84 percentage points year-on-year. In the
first quarter of 2026, Shuangliang Energy realized a revenue of RMB 1.320 billion, a year-on-year decrease of 36.49%; a net profit loss of RMB 394 million, a year-on-year increase of 144.60%; a non-net profit loss of RMB 443 million, a year-on-year increase of 168.55%.
For the decline in the first quarter performance, Shuangliang Energy Conservation said that it was mainly due to the loss of the company's photovoltaic related business.
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