Sunpower HY26 GI recurring PATMI falls 1.6% to RMB 201.5 million; revenue rises 11.3% to RMB 1.78 billion
Reuters2026/08/12 12:27- Sunpower posts HY2026 revenue up 11.3% to RMB 1.78 billion; GI recurring revenue rises 8.5% to RMB 1.7 billion.
- GI recurring PATMI slips 1.6% to RMB 201.5 million; GI recurring gross profit falls 4.5% to RMB 449 million.
- GI gross margin narrows 3.6 percentage points to 26.3% on higher coal prices and a lag in cost-linked selling-price adjustments.
- Steam sales volume climbs 12.7% to 6.56 million tonnes; finance costs excluding convertible bonds drop 24.3% to RMB 60.8 million.
- CEO Lin Jiankai says demand stayed resilient; management expects margins to normalize as price mechanisms catch up and cost measures take effect.
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