"Profit Warning" SOLARGIGA expects last year's losses to expand to a maximum of 310 million yuan

Sungrow Power Supply (00757.HK) issued a profit warning, expecting a loss of between RMB 270 million and RMB 310 million for the fiscal year 2025, compared to a loss of RMB 227 million in the previous year. The reasons include a continuous decline in the average selling price of its main products, leading to a decrease in revenue from photovoltaic modules; significant impairment losses recognized on accounts receivable and contract assets; and operational losses in certain asset groups due to a decline in sales volume and market prices