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Akcome Technology saw negative growth in Q1 financial report

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Solar module manufacturer Akcome Technology today released its operation report of the first quarter of 2022, revealing an operating revenue of RMB 990 million yuan, a year-on-year increase of 121.04%. The net profit attributable to the parent company was RMB -22.95 million yuan, down 505.85% year-on-year, with non net profit attributable to the parent company of RMB -77.52 million yuan, down 3.46%.

During the reporting period, the company's cell and module shipments increased significantly, however, affected by upstream high product prices, though the revenue increased, the operating performance decreased notably. The company's operating performance may be gradually repaired while the upstream products showing a markdown.


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