On August 28, Hoymiles (SH: 688032) released its semi-annual report for 2025. The company achieved revenue of 1.005 billion yuan, a year-on-year increase of 10.78%. Net profit attributable to shareholders reached 16.27 million yuan, a decrease of 91.33% compared to the same period last year. Net profit attributable to shareholders after deducting non-recurring gains and losses was 9.98 million yuan, reflecting a decline of 94.60%. Basic earnings per share stood at 0.13 yuan per share, compared to 1.52 yuan per share in the prior year.
Regarding the reasons for the decline in performance, Hoymiles stated that it was primarily due to slower sales growth during the reporting period, coupled with increased investments in talent acquisition, research and development, and market expansion.
