CITIC Bo announced its 2026 interim report on August 30, with performance falling sharply into a loss during the reporting period. Net profit attributable to the parent company was negative 204 million yuan, swinging from profit to loss year-on-year. Operating revenue was 2.911 billion yuan, down 27.88 percent year-on-year. The company mainly produces photovoltaic mounting systems, and its performance came under pressure from slowing global PV installation growth, delivery disruptions caused by geopolitical conflicts, and exchange rate fluctuations. Inventory at the end of the period reached 3.907 billion yuan, up 87.09 percent year-on-year, mainly due to an increase in goods shipped. Net operating cash flow was an outflow of 551 million yuan, but narrowed compared with the same period last year. The company's orders on hand were about 8.9 billion yuan, of which tracking mounts accounted for more than 80 percent, providing support for subsequent business.
Arctech Solar Holding Co LtdCompany's net loss and revenue decline due to slowing global PV installation growth, affecting demand for its mounting systems.
