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GOLDENSOLAR: ANNUAL Report 2024
GOLDENSOLAR (01121.HK) has signed a joint venture agreement for a 4-gigawatt hybrid passivated rear contact upgrading project with Yiwu Jin'ao and Fujian Jianshi.
On April 29, Gelonghui reported that GOLDENSOLAR (01121.HK) announced that on April 29, 2025, its indirect wholly-owned subsidiary, GOLDENSOLAR Quanzhou New Energy Technology Co., Ltd. (GOLDENSOLAR Quanzhou) has signed a joint venture agreement with Yiwu JA Solar Technology Co., Ltd. (Yiwu JA Solar) and Fujian Jinshi Energy Co., Ltd. (Fujian Jinshi) regarding the establishment of a joint venture company by Yiwu JA Solar and Fujian Jinshi for a 4 GW hybrid passivated back contact (HBC) upgrade project. According to the agreement, Yiwu JA Solar and Fujian Jinshi agree to establish a joint venture company in China to produce a total of 4 GW of HBC solar cells, along with GOLDENSOLAR.
Express News | Golden Solar New Energy Technology - Unit Entered Into an Agreement for a 4 Gigawatt Hbc Upgrading and Renovation Project
Hong Kong Stock Movement | GOLDENSOLAR (01121) rose nearly 6% at its peak. The prices in the photovoltaic Industry Chain have reached a temporary peak, while the energy transition remains the underlying demand for energy storage installation.
GOLDENSOLAR (01121) rose nearly 6% at its highest, and as of the time of writing, it is up 5.88%, priced at 1.8 Hong Kong dollars.
GOLDENSOLAR: ANNUAL RESULTS ANNOUNCEMENTFOR THE YEAR ENDED 31 DECEMBER 2024
GOLDENSOLAR (01121.HK): Expected net loss of 0.27 billion to 0.28 billion yuan in 2024.
Gelonghui reported on March 25th that GOLDENSOLAR (01121.HK) announced that for the year ending December 31, 2024 ("reporting period"), the group's sales amount during the reporting period was approximately 0.254 billion RMB, a decrease of about 14% compared to the sales amount of approximately 0.295 billion RMB in the same period of 2023. Additionally, it is expected that the group's gross margin during the reporting period will decline from approximately 15% in the same period of 2023 to about 13%. The group is expected to have a net loss during the reporting period ranging from approximately 0.27 billion RMB to approximately 0.28 billion RMB, with a reduction of about net loss compared to the same period in 2023.