Solargiga Energy Holdings (HKG:0757) expects a loss attributable to owners of about 200 million yuan to 240 million yuan for 2024, compared with the profit of 112 million yuan a year earlier, according to a Tuesday filing with the Hong Kong bourse.
The company attributed the group's expected loss to photovoltaic industry-wide oversupply, fierce price competition, and falling photovoltaic product prices, among other things.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.