Wuxi Shangji Automation forecasts 290-350m yuan half-year loss

Wuxi Shangji Automation projects a net loss of 290-350 million yuan for the first half of 2025, compared to 1.157 billion yuan loss in the previous year.

The loss stems from volatile global photovoltaic market conditions, with concentrated installation surge followed by significant demand and price declines in the second quarter. The company faces inventory impairment across main business segments.

Non-recurring net loss is expected at 350-410 million yuan, improving from 960.55 million yuan previously.