Xinyi Electric Storage (08328) Fa Profit Alert expects a net loss of approximately HK$25.3 million to HK$30.3 million in the first half of the year

Zhitong Finance App News, Xinyi Power Storage (08328) announced that the Group expects to obtain a comprehensive loss (net loss) attributable to the company owner in the first half of 2026, with an amount between HK$25.3 million and HK$30.3 million, while the six months ending June 30, 2025 will obtain a comprehensive profit of HK$4.7 million attributable to the company owner. This net loss was mainly due to the following factors:

(1) Losses were caused by the sale of certain raw materials and other production tools in the photovoltaic film business. Due to the imbalance between supply and demand in the solar module industry, participants in the solar module industry generally experienced operating losses, which greatly increased the operating risk of the photovoltaic film business. In order to reduce related risks, the Group adopted a prudent business strategy and suspended the operation of the photovoltaic film business; and

(2) Net exchange losses due to the appreciation of RMB in the first half of 2026 due to the reconversion of certain bank loans denominated in RMB.