Cecep Solar Energy reports asset growth, strategic financing despite profit dip

Cecep Solar Energy announced total assets of 54.18bn yuan by June 30, 2025, a 10.62% increase from the previous year-end. This growth was supported by significant investments of 3.31bn yuan in H1 2025, an increase of 113.39% from the prior period. The company’s net profit attributable to shareholders was 676.77m yuan, reflecting a 16.89% decrease, primarily due to lower sales and unit prices in its solar products manufacturing segment.

The company issued convertible bonds totaling 2.95bn yuan and plans to issue additional corporate bonds up to 2bn yuan, demonstrating active capital management. Cecep Solar Energy also received regulatory approval to temporarily use up to 500m yuan of idle convertible bond proceeds to supplement working capital, aiming to reduce financial costs. The board approved a share repurchase plan of 100m yuan to 200m yuan, with an initial repurchase on August 14, 2025.