GOLDENSOLAR (01121) announced a net loss of approximately 308 million yuan for 2025, an 11% increase year-on-year.

GOLDENSOLAR (01121) announced its performance for 2025, with a revenue of approximately 155 million yuan, a year-on-year decrease of 38.81%; a net loss of approximately 308 million yuan, a year-on-year increase of 11%; with a loss per share of 16.763 cents. The announcement stated that the net loss was mainly due to general and administrative expenses of approximately 238.4 million yuan in 2025, mainly including payments based on equity settlements for the stock options granted by the company in 2022, 2023, and 2025, totaling around 137 million yuan. This expense is a non-cash accounting item and does not have any impact on the group's cash flow.