Kaisheng Xinneng (01108) announced interim results, net loss of 838 million yuan to mother, an increase of 86.75% year-on-year

According to the Zhitong Finance App, Kaisheng Xinneng (01108) announced its 2026 interim results. The group achieved operating income of 1,184 million yuan during the period, a year-on-year decrease of 29.27%; net loss attributable to shareholders of the Company was 838 million yuan, an increase of 86.75% over the previous year; and a basic loss per share was 1.3 yuan.

The company is mainly engaged in R&D, production and sales of new energy materials. The main products include photovoltaic cell packaging materials for solar equipment, such as front panel glass (ultra-white embossed glass) for solar photovoltaic modules and back panel glass for photovoltaic double glass modules. At present, the company has established eight intelligent photovoltaic glass production bases in East China, Central China, North China and Southwest China, covering eight cities in the six provinces of Henan, Anhui, Jiangsu, Hebei, Sichuan and Fujian.

It is at a downturn in the industry and faces multiple operating pressures. The company anchors a long-term development strategy, works hard to overcome difficulties, focuses on the goal of reducing losses and controlling losses, sticks to the bottom line of cash flow safety, and pays close attention to the “three major offensive battles”. However, due to continued low market prices, it has not been able to get out of the loss situation.