Core Viewpoint - Rainbow New Energy (00438) reported a significant decline in its mid-year performance for 2025, with a notable drop in revenue and a shift to net losses due to adverse market conditions in the photovoltaic glass sector [1] Financial Performance - The company's operating revenue was approximately 1.519 billion yuan, representing a year-on-year decrease of 25.52% [1] - The net loss attributable to shareholders was around 296 million yuan, marking a transition from profit to loss compared to the previous year [1] - Basic loss per share was reported at 1.6770 yuan [1] Business Operations - The main business revenue decreased by 25.56% year-on-year, primarily due to a temporary supply-demand imbalance in photovoltaic glass production, leading to a significant drop in product prices [1] - The losses were largely attributed to intensified competition in the photovoltaic glass industry, driven by supply-demand conflicts and capacity mismatches [1] - The company is actively pursuing cost reduction and efficiency improvement initiatives, alongside accelerating technological innovation and the development of high-value-added products [1] - Despite these efforts, the continuous decline in product prices has resulted in a substantial decrease in the gross margin of the photovoltaic glass business [1] - In response to the current industry conditions and price fluctuations, the company has made provisions for asset impairment on photovoltaic glass products in accordance with accounting standards [1]
彩虹新能源公布中期业绩 归属于母公司股东的净亏损约2.96亿元 同比盈转亏