Sunpower posted FY2025 results showing higher profitability. Total steam sales volume rose to 12.13 million tons (up 5.8%). GI recurring revenue fell to RMB 3.2 billion (down 2.2%), while GI recurring gross profit increased to RMB 981.9 million (up 10.2%). GI recurring PATMI was RMB 424.7 million (up 45.4%, including a one-off bad debt provision recorded in 3Q2024), and GI recurring operating cash flow rose to RMB 856.8 million (up 26.3%). Net profit attributable to equity holders increased to RMB 312.9 million (up 2.6x). Sunpower said the revenue decline was mainly due to lower feedstock prices reducing industrial steam prices under its cost-linked pricing mechanism. The group highlighted ongoing initiatives to enhance returns from its 11 GI projects, including AI-powered boiler optimisation, capacity expansion and improved steam network management, and said it is evaluating additional GI investments and opportunities in zero- and low-carbon industrial parks, biomass and photovoltaic applications.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunpower Group Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: DJGIMNQCTWOQJ6SZ) on February 27, 2026, and is solely responsible for the information contained therein.
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