FilingReader Intelligence

Tianjin Zhonghuan navigates downturn with strategic realignment

April 26, 2025 at 05:10 AM UTC•By FilingReader AI

Tianjin Zhonghuan Semiconductor (SZSE:002129) is responding to headwinds in the photovoltaic industry with a comprehensive realignment strategy, according to its 2024 annual report and subsequent Q1 2025 updates. While global PV installations maintained growth, intensified competition and market imbalances led to losses for the company, with 2024 revenues dropping 51.95% to CNY28.42 billion.

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