Summary by Moomoo AI
SOLARGIGA Holdings announced its 2023 annual results, with revenue of 3.706 billion yuan, down 48.5% year-on-year; gross profit was 0.104 billion yuan, down 77.3% year-on-year; the gross margin was 2.8%. The company recorded a net loss of 0.227 billion yuan, compared to a profit of 0.112 billion yuan in the same period last year. The basic loss per share was 6.83 cents.Due to the continuous decline in the market price of photovoltaic products, the company faced tight operating capital, leading to underutilization of production capacity. During the period, the company actively adjusted its product structure, increased the sales proportion of high gross margin products, and improved production efficiency through technical transformation. Short-term loans decreased from 1.358 billion yuan to 0.511 billion yuan, and long-term...Show More
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