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Triumph New Energy Company ( (HK:1108) ) has provided an update.
Triumph New Energy Company Limited has announced an estimated net loss ranging from RMB435 million to RMB462 million for the first half of 2025, marking a significant increase from the previous year’s loss of RMB54.78 million. The increased losses are attributed to an ongoing oversupply in the photovoltaic glass market, which has led to a substantial decline in market prices and a decrease in the company’s gross profit.
More about Triumph New Energy Company
Triumph New Energy Company Limited, formerly known as Luoyang Glass Company Limited, operates in the photovoltaic glass industry. The company is incorporated in the People’s Republic of China and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 9,107,542
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.42B
See more insights into 1108 stock on TipRanks’ Stock Analysis page.