CECEP Solar Energy (000591.SZ) issued a profit warning, expecting a decrease in net profit for the year 2024 to be between 1.2 billion and 1.25 billion yuan, a decrease of 20.82% to 23.99%.

CECEP Solar Energy (000591.SZ) has released its performance forecast for the year 2024, expecting a net profit attributable to shareholders of the listed company of 1.2 billion to 1.25 billion yuan, a year-on-year decrease of 20.82% to 23.99%. The main reasons for the decrease in performance compared to the same period last year are: first, in the power generation sector, there is insufficient grid absorption in some regions, while the scale of electricity trading marketization is expanding and the average electricity price is decreasing; second, in the manufacturing sector, sales volume and selling prices have declined compared to the same period last year due to the impact of the photovoltaic market situation.