PVTIME – On 10 July 2024, HOYUAN Green Energy Co., Ltd. (HY Solar, 603185.SH), a high-tech company mainly engaged in manufacturing high-end intelligent equipment and providing PV crystalline silicon products, released its financial forecast for the first half of 2024.
It is expected to post a net loss of between 800 million yuan and 1,100 million yuan, a decrease from last year.
And the decrease was mainly due to the dramatic fall in the prices of its core products. And revenues and profits were down, leading to a significant increase in the provision for inventory write-downs and consequently a negative net profit in the first half of 2024.
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