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Solargiga Energy Holdings ( (HK:0757) ) has provided an announcement.
Solargiga Energy Holdings Limited announced an impairment provision of RMB107,932,000 for its property, plant, and equipment due to changes in production plans and market conditions in 2024. The company’s outdated module production lines faced technological obsolescence and a decline in market demand, prompting a shift in focus to N-type module production facilities, resulting in temporary idleness and operating losses.
More about Solargiga Energy Holdings
Solargiga Energy Holdings Limited operates in the photovoltaic industry, focusing on the production of solar modules. The company is involved in the manufacturing of photovoltaic products and has been adapting to market shifts towards more efficient and larger-sized N-type modules.
YTD Price Performance: 6.82%
Average Trading Volume: 3,473,578
Technical Sentiment Signal: Sell
Current Market Cap: HK$305.8M
See more data about 0757 stock on TipRanks’ Stock Analysis page.