GoodWe, Haitai Solar, and Other PV Firms Release 2025 Financial Projections
On January 29, several photovoltaic companies, including GoodWe and Haitai Solar, released their financial projections for 2025. GoodWe anticipates a recovery with a net profit of RMB 125 million to RMB 162 million, while Haitai Solar forecasts a significant loss of RMB 580 million to RMB 680 million due to supply-demand issues. Other firms like Kibing Group and MedicalSystem expect varying profit outcomes, reflecting the challenges and opportunities within the PV market.
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On January 29, five photovoltaic (PV) companies, including GoodWe and Haitai Solar, announced their 2025 performance forecasts. GoodWe expects a net profit of RMB 125 million to RMB 162 million, recovering from a loss of RMB 61.81 million last year, driven by increased sales from domestic PV installations and energy storage subsidies in Australia.
Haitai Solar projects a loss of RMB 580 million to RMB 680 million, a significant decline from a profit of RMB 182 million, due to supply-demand mismatches and low capacity utilization. Kibing Group anticipates a net profit of RMB 550 million to RMB 670 million, marking a year-on-year increase, despite a projected decrease in profit after non-recurring gains.
Gaoce forecasts a loss of RMB 35 million to RMB 48 million, with ongoing low product prices affecting performance. MedicalSystem projects a profit of RMB 39 million to RMB 44 million, reversing last year's loss, attributed to asset disposal and restructuring.
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