IRICO NEWENERGY announced its interim results, with a net loss attributable to shareholders of the parent company of approximately 296 million yuan, turning from profit to loss year-on-year
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IRICO NEWENERGY announced its mid-term performance for 2025, with operating revenue of approximately 1.519 billion yuan, a year-on-year decrease of 25.52%; the net loss attributable to shareholders of the parent company was approximately 296 million yuan, turning from profit to loss year-on-year, with a basic loss per share of 1.6770 yuan. The loss was mainly due to the supply-demand imbalance in the photovoltaic glass industry and a significant decline in product prices, leading to a substantial drop in gross profit margin. The company is actively working on cost reduction, efficiency enhancement, and technological innovation
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