According to the Zhongtong Finance APP, Goldensolar (01121) fell more than 6% at one point, as of the time of publication, it fell 3.61%, at HKD 2.4, with a turnover of HKD 3.0823 million.

In terms of news, Goldensolar has issued a profit warning, expecting sales revenue for the six months ending June 30, 2024 to be about RMB 0.127 billion, a year-on-year decrease of about 18%. In addition, the gross margin is expected to decline from about 16% in the same period of 2023 to about 10%. Based on the currently available information, it is expected that the net loss of the company for the period will be between approximately RMB 0.15 billion and approximately RMB 0.16 billion, a year-on-year increase of about RMB 30 million to RMB 35 million. In addition to the decrease in gross profit from OEM business, the net loss for the period of the company is mainly due to expected payments based on share-based settlement for the granted share purchase rights in 2022 and 2023, which is estimated to be approximately RMB 80 million, a year-on-year increase of approximately RMB 18 million.