Jiangsu Zhongli Group reports narrower semi-annual loss, changes auditor

Jiangsu Zhongli Group reported semi-annual operating income of 837.25 million yuan for 2025, a decrease of 33.59% year-on-year, primarily due to its photovoltaic business being in a recovery phase. Despite the revenue decline, net profit attributable to shareholders improved significantly to a loss of 71.22 million yuan, narrowing the loss by 195 million yuan compared to the previous year, attributed to cost reduction and quality improvement initiatives. The company's total assets stood at 5.09 billion yuan, with net assets attributable to shareholders at 1.81 billion yuan as of the end of the first half of 2025.

In other news, Jiangsu Zhongli Group's board of directors approved the change of its auditing firm from Suya Jincheng Certified Public Accountants to Rongcheng Certified Public Accountants for the 2025 fiscal year. This decision aligns with the company's business development plans and audit requirements. The board also approved the establishment of new investment decision and risk control committees, enhancing governance and operational efficiency.