Guosheng Technology's H1 revenue increased by 11.93% to 343 million yuan, and net loss narrowed to 86.3456 million yuan, but operating cash flow deteriorated to -141 million yuan.
Chinese photovoltaic (PV) company Guosheng Technology released its semi-annual financial report, achieving operating revenue of 343 million yuan, a year-on-year increase of 11.93%. The net loss attributable to shareholders was 86.3456 million yuan, narrowing by approximately 10 million yuan compared to the same period last year. However, the company's net operating cash flow expanded to -141 million yuan, indicating significant capital pressure. Additionally, Liu Xin (online name "Xinduduo"), the company's fourth-largest shareholder, substantially reduced his holdings by 19 million shares in the second quarter, decreasing his stake from 4.31% to 1.01%. Affected by the deep adjustment in the PV industry, Guosheng Technology's stock price has cumulatively fallen by approximately 46.48% year-to-date.
Source:华尔街见闻 · Source Link
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