Cecep Solar reports revenue dip, plans cash management

Cecep Solar Energy (SZSE:000591) announced first-quarter 2025 revenue of CNY 1.30 billion, a 7.8% decrease compared to the CNY 1.41 billion reported in the same period last year. Net profit attributable to shareholders was CNY 288.89 million, down 17.62% year-over-year. The company has announced plans to actively manage proceeds from its recently issued convertible bonds. The board approved the allocation of up to CNY 800 million of the bond proceeds to cash management, investing in secure, liquid, principal-protected products like structured deposits and large-denomination certificates of deposit.