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Jolywood Suzhou Sunwatt Co Ltd

Jolywood (Suzhou) Sunwatt Co., Ltd. develops, produces, and sells solar energy materials worldwide, including plastic flexible films and solar cell backsheets. It also offers solar cells and modules, photovoltaic application systems, power plant business, and photovoltaic power plant generation, along with solar energy technology services and consulting. The company imports and exports goods and technologies. Formerly known as Jolywood (Suzhou) Solar Material Technology Co., Ltd., it changed its name in 2011. Incorporated in 2008, it is headquartered in Changshu, China.

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Jolywood's 2026 interim report shows net loss of 345 million yuan, widening losses

Jolywood released its 2026 interim report. During the reporting period, total operating revenue was 1.166 billion yuan, down 64.71% year-on-year. Net profit attributable to the parent company was negative 345 million yuan, a decrease of 176 million yuan compared with the same period last year, with losses widening. Net cash inflow from operating activities was 382 million yuan, marking a second consecutive year of growth. The company's asset-liability ratio rose to 82.81%, gross margin was 4.26%, ROE was negative 19.06%, and diluted earnings per share was negative 0.32 yuan. The number of shareholders was 45,000, and the top ten shareholders held 33.79% of the total share capital.
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