Triumph New Energy Company Limited provided earnings guidance for the six months ended 30 June 2024. For the period, net loss attributable to the shareholders of the Company is expected to range from RMB 57.29 to RMB 46.70 million, representing a year-on-year decrease of approximately 145% to 137%. The net loss attributable to the shareholders of the Company after deducting non-recurring profit or loss is expected to range from RMB 69.38 to RMB 58.78 million.

The estimated year-on-year decrease in the net profit attributable to the shareholders of the Company and the net profit attributable to the shareholders of the Company after deducting non-recurring profit or loss was mainly due to the continuous decline in the price of photovoltaic glass and the decrease in the Company's overall gross profit margin for sales resulting from changes in the overall supply and demand in the market.