Shenzhen Topraysolar Co Ltd

Topray Solar has released its 2026 interim report. The company's total operating revenue was 473 million yuan, down 6.91 percent year on year, and net profit attributable to the parent company was a loss of 57.88 million yuan. Net cash inflow from operating activities was 128 million yuan. The asset-liability ratio was 37.66 percent, gross margin was 15.79 percent, return on equity was negative 1.48 percent, and diluted earnings per share was negative 0.04 yuan. The company had 134,900 shareholders, and the top ten shareholders held 43.15 percent of the total share capital.

Tuori New Energy disclosed its earnings forecast, expecting a net loss attributable to the parent of 48 million to 68 million yuan in the first half of 2026, compared with a loss of 60.2033 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 55 million to 75 million yuan, compared with a loss of 65.7645 million yuan a year earlier. Basic loss per share is expected to be 0.034 to 0.048 yuan. The company stated that intensified competition in the photovoltaic industry and persistently low product prices along the industry chain have put overall pressure on its main business and gross margins. The company's financial position is sound, with a relatively low debt-to-asset ratio, and it has maintained positive net cash flow from operating activities for 12 consecutive years. Going forward, it will advance its integrated solar-plus-storage strategy.