The Chinese group did not provide a detailed breakdown of its PV cell and module shipment figures for the six months to the end of June. It did report that its sales of electricity and other undisclosed revenue fell 35.7% year on year to CNY 16 million in the first half of 2017.
Solargiga did not indicate how its solar EPC business performed throughout the January-June period. It also remains unclear how its first-half earnings compare to the net loss of CNY 239.1 million it recorded for the year to the end of December 2016. It primarily attributed its disappointing performance last year to higher R&D spending and investments in manufacturing capacity.
The company — which set up a venture with Taiwan’s Motech Solar in 2015 — also manufactures multicrystalline, P-type and N-type double sided solar cells for use in its own projects. However, it has thus far said little about its downstream business.
It manufactured about 350 MW of PV cells at its main production base in northeastern China in 2016. The factory — situated in Jinzhou, Liaoning province — is fitted with monocrystalline ingot pullers, wiresaws, cutting equipment and polishing machines. However, the group also owns additional production lines in Shanghai, as well as a 400 MW ingot plant in China’a Qinghai province. In 2015, it started producing monocrystalline PV modules at a new facility in Bursa, Turkey.