GCL New Energy Flags RMB1.1 Billion 2025 Loss on Heavy Indemnity Provisions
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GCL New Energy Holdings (HK:0451) anticipates a net loss of approximately RMB1.1 billion for 2025, significantly higher than the RMB223 million loss reported the previous year. This increase is attributed to substantial indemnity provisions related to sold solar projects, including RMB900 million for tax-related exposures and potential RMB326 million compensation linked to compliance disputes. The company is currently finalizing its audited results, expected by March 2026, while analysts rate the stock as a Hold with a price target of HK$1.50.
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