Market Chatter: Chinese Solar Panel Giants Struggling to Make Ends Meet on Oversupply Woes

MT Newswires Live06-09

The top lines of Chinese solar panel giants struggled in the first quarter as they face overcapacity and subsidy-fueled exports, Nikkei Asia reported Tuesday.

Jinko Solar's (SHA:688223) revenue slipped 12% year over year to 12.2 billion yuan in the first quarter, while LONGi Green Energy Technology (SHA:601012) registered a negative profit margin after costs exceeded revenue, the report said.

Jinko and Trina Solar (SHA:688599) eked out gross profits, but they were not enough to offset fixed costs, the report said.

Overcapacity has also driven a plunge in prices, with the prices of panels falling 60% from their peak in 2021, Nikkei said, citing research firm CEIC.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0175","symbol_name":"白马股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2642546285","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642546285","pubTimestamp":1781004065,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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