Linyang Energy forecasts 42-52% profit decline for H1

Jiangsu Linyang Energy expects net profit attributable to shareholders for the first half of 2025 to range from 290 million yuan to 350 million yuan, representing a year-on-year decline of 41.53% to 51.55%.

The downturn is primarily due to cyclical fluctuations in the photovoltaic industry, price pressure on solar cells, and intense competition in the energy storage market.