China's Golden Solar H1 revenue falls on on lower OEM sales

Golden Solar New Energy Technology Holdings

31/08/2026 10:44

Overview
China footwear and solar products maker's H1 revenue fell 14% yr/yr on lower OEM sales
Gross profit margin improved to 14.2% from a loss margin a year earlier
Net loss narrowed to RMB88 mln 

Outlook
Golden Solar expects to use its remaining RMB1.4 mln in 2022 placing proceeds by 31 Dec 2026
The Group has RMB70 mln standby funding and expects adequate funds to meet liabilities for at least 12 months

Result Drivers
OEM PRICE COMPETITION - Co said intensified price competition from Southeast Asian manufacturers led customers to reduce orders, hurting OEM revenue
LOWER US TARIFFS - Co said lower US import tariffs reduced cost pressures and helped improve OEM gross margin
CAST-MONO ORDERS - Co said new customer orders for Cast-mono business drove photovoltaic segment revenue growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 54.16 mln
 
H1 Net Loss Attributable
 
RMB 88 mln
 

Reuters Recommended Reads
Aug 31 - China's Yongda H1 revenue falls on weak vehicle sales
Aug 28 - Building materials maker China Lesso's H1 revenue, profit fall on weak domestic demand
Aug 31 - Chinese factory slump eases, but weak services signal uneven recovery

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Press Release s3://eap-prd-eu-west-1-source-content/eap_feed_proxy/fingerpost/HKSW/2026-08-31/7f7d9bbb-fce2-4577-b700-ce6489121e53.file
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)