Kamdank Solar Energy (00712.HK 2025 annual net loss of 63.56 million yuan, an increase of approximately 31.4%

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Gelonghui April 1丨Kam Denmark Solar (00712.HK) released its 2025 annual results. Revenue for the year was RMB 221 million, up approximately 35.6%. The loss attributable to owners for the year was RMB 63.56 million, widening by approximately 31.4%. Basic loss per share was 6.00 cents.

The revenue from business operations mainly includes (1) electricity generation revenue; (2) design, installation, and construction of EPC consulting services revenue for photovoltaic power stations and photovoltaic power systems; (3) revenue from the sale of lithium battery energy storage products; and (4) revenue from providing logistics services. Solar and energy storage revenue increased by approximately RMB 138.6 million, or 418%, from approximately RMB 33,200,000 in the previous year to approximately RMB 171.7 million in the current year, mainly due to an increase of RMB 4.1 million in electricity generation revenue from the existing 11 power generation projects, and an increase of RMB 137.8 million in revenue arising from providing new EPC services for the Shanxi flywheel energy storage project. Revenue from logistics services decreased by 61.9% from approximately RMB 130,000,000 for the same period in 2024 to approximately RMB 49.5 million in the current year, mainly because some customers terminated their contracts during the year.

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