Shuangliang Eco-Energy clarifies financials and operations in regulatory response

Shuangliang Eco-Energy Systems Co., Ltd. reported a 1.0% overall gross profit margin for the first half of 2025, an improvement from -2.6% in 2024. The solar new energy segment experienced revenue decline due to temporary overcapacity in the photovoltaic industry. As of June 30, 2025, the company's asset-liability ratio was 84.35%, with restricted monetary funds totaling RMB505,188.51 million, primarily held for bank acceptance bill deposits. This high proportion of restricted funds aims to enhance capital utilization and financial returns.

The company's non-current assets and construction in progress for the Baotou 38GW monocrystalline silicon project, with a book value of RMB110.51 billion, were assessed for impairment. The fair value was found to exceed the book value, indicating no impairment. Key initiatives to improve cash flow include strengthening accounts receivable management, cost reduction, and optimizing the financing structure. The company's equity investment in subsidiary projects and joint ventures, such as the Baotou 38GW monocrystalline silicon project and investments in Shuangpeng New Energy Technology (Jiangsu) Co., Ltd., are aligned with its strategic goals and are not expected to significantly impact its cash flow.