On September 17, Haitai New Energy (835985) released a record of investor relations activities. The company stated that its photovoltaic module production-sales ratio exceeded 100% in the first half of 2025. By the end of the reporting period, inventory had increased by 21.43% compared to the beginning of the period, primarily due to a rise in held-for-sale photovoltaic power plant projects.
During the reporting period, the company continued to increase investment in technological research and development, with R&D expenses reaching RMB 14.8019 million, an increase of 11.40% year-on-year. The R&D efforts were not focused on any single specific technology but rather on comprehensively advancing the enhancement of core capabilities and the high-quality development of new businesses, thereby maintaining the company’s leading technological position in the industry. Moving forward, the company will continue to focus on supplying photovoltaic modules, brackets, and energy storage products as its core offerings, leveraging its integrated advantages in power plant development, construction, and operation and maintenance. It will also expand downstream along the photovoltaic power plant industry chain to build a more robust and diversified development framework.
