US EditionChinese PV Industry Brief: Canadian Solar profit drops 92% in Q1
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Chinese PV Industry Brief: Canadian Solar profit drops 92% in Q1
Canadian Solar says its net profit plunged nearly 92% in the first quarter of 2025 on falling margins, while China Energy Engineering Corp. (CEEC) says the Shanghai Stock Exchange has approved its targeted A-share issuance to raise up to CNY 15 billion (USD 2.09 billion) for energy projects.Canadian Solar said its first-quarter profit for 2025 fell 91.83% year over year to CNY 47.26 million ($6.58 million), as revenue dropped 10.54% to CNY 8.586…
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