Zhitong Finance APP news, GoldenSolar (01121) released its interim performance for the six months ended June 30, 2024. The group earned a profit of RMB 0.127 billion (the same unit), with a gross profit of RMB 13.267 million. The company's shareholders suffered a loss of RMB 0.158 billion, with a loss per share of RMB 0.087.

In order to maintain the competitiveness of the group's products, the group has been continuously developing advanced technologies. From the second half of 2023 to the first half of 2024, the group has upgraded the existing HJT production line to the exclusive patented HBC solar cell technology with higher conversion efficiency and cost advantages. In the first half of 2024, due to the transition period between new and old technology products, the sales volume of photovoltaic products business has been temporarily affected. After the promotion of BC technology is completed in the second half of 2024, it is expected to contribute to the growth of the photovoltaic products business. The group expects that while other mainstream technologies are still in the stage of price competition, the group's HBC solar cell technology has higher conversion efficiency than other mainstream technologies, which will continue to maintain higher sales prices and enjoy the same premium advantage in the European and American regions as HJT technology in the past few years.

The group expects to continue shipping to Australia in the second half of 2024, and also plans to quickly secure orders and start production and shipping for RV products in the United States and Europe. In addition, the group plans to start manufacturing HBC solar cells for traditional glass components in September 2024, and the first production base is expected to be jointly established with domestic component suppliers. The group's goal is to establish an HBC solar cell and component cluster based on its exclusive patents, selectively cooperate with component manufacturers with high-end overseas channels to establish joint ventures dedicated to its HBC solar cells, and have them manufacture components and sell them overseas. Ultimately, the group aims to provide HBC products with higher efficiency and cost competitiveness for overseas premium markets, achieve technological differentiation, and differentiate its products from those in the market that have similar characteristics and are facing severe price competition.