FilingReader Intelligence

Luoyang Glass rebrands as Triumph New Energy, navigates losses

April 23, 2025 at 05:12 PM UTCBy FilingReader AI

Luoyang Glass, now Triumph New Energy (HKEX:1108), is charting a new course in 2025 after a challenging 2024, as revealed in its annual report. The company, grappling with supply-demand imbalances and intense competition in the photovoltaic industry, experienced a 30% drop in operating revenue to RMB 4.594 billion. The company announced a net loss attributable to shareholders of RMB 609.93 million, a stark contrast to the previous year's RMB 394.72 million profit.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

HKEX:1108Hong Kong Exchange

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