On April 28, Atlas issued a number of announcements concerning investment projects, company performance, equipment resale, non-operating capital occupation, etc. The details are as follows:
However, in recent years, the overall imbalance between supply and demand in the photovoltaic industry has not been alleviated . As a raw material in the photovoltaic industry chain, the price of silicon wafers has changed greatly since 2025 . Influenced by multiple factors such as supply and demand changes, industry competition and technical route adjustment, the market price has strong uncertainty . However, there is a certain resistance to the transmission of the rising price of silicon wafers in the industrial chain, and it is difficult to fully https://www.databm.
in a timely manner. And said that "the company's existing silicon wafer production capacity has been able to cover the company's current business needs ." If it continues to advance, it will lead to the problem of idle production capacity.
The announcement shows that as of March 31, 2026, Yangzhou Atlas Photoelectric Materials Co., Ltd. has invested a total of 40.7764 million yuan in the project of 14 GW solar monocrystalline silicon wafers per year, with an investment progress of 8.16%. There is still 46753 left.
In the first quarter of 2026, the net profit will increase by 1835.
In 2025, Atlas will achieve a revenue of 40.256 billion yuan, down 12.8% year-on-year, and a net profit of 1.016 billion yuan, down 54.8% year-on-year; Net profit after deduction of non-profits was 921 million yuan, down 58.
As for the decline in performance, Atlas said that the main reason was the intensification of competition in the global market and the decline in photovoltaic module shipments. At the same time , the tariff cost and the comprehensive manufacturing cost of products have risen . In addition, the growth of energy storage revenue and the slight increase of average unit selling price offset part of the impact.
It is worth noting that the cash flow from operating activities of Atlas in 2025 was 7.075 billion yuan, an increase of 191 over the same period last year. In this regard, Atlas said that it benefited from the increase in sales returns and government subsidies.
In 2025, the company's module shipments were 24.3GW , down 21.86% year on year; In the
first quarter of 2026, Atlas achieved revenue of 7.129 billion yuan, down 16.96% year-on-year and 20.65% year-on-year; Net profit was 519 million yuan, up 999.1% year-on-year and 1835.38% year-on-year; Net profit after deduction of non-profits was 344 million yuan, an increase of 293 over the same period last year.
For the substantial increase in net profit in the first quarter of this year, Atlas explained that it was mainly due to the recognition of the impact of IEEPA taxes that should be refunded in the current period . On February 20,
local time, the Supreme Court of the United States made a final ruling that some of the reciprocal tariffs previously imposed by the United States Government on the basis of the International Emergency Economic Powers Act (IEEPA) did not have legal authorization and that the relevant tariff measures were invalid from the beginning. Since April, the relevant departments of the United States have started a special refund procedure. "Within the scope of application of the above ruling, the company (or the relevant importing entity of the company) has formed the rights and interests of tariff refund that can be claimed in accordance with the law,"
Atlas said. In the first quarter
of 2026, Atlas shipped 2.
On April 28, Atlas also announced its intention to resell some of the idle decommissioned production equipment to an overseas customer through CSIQ , the controlling shareholder. The transaction amount is US $ 53.25 million (equivalent to RMB 362.1 million).
The announcement shows that the resale of production equipment is PERC solar cells and manufacturing decommissioning equipment lines located in Yancheng and Funing factories in Jiangsu Province, and the evaluation value is 14687
. Atlas did not sell the relevant equipment directly to the ultimate overseas customers, but transferred it through the controlling shareholder CSIQ, mainly based on the requirements of overseas customers and the actual situation of the overall project. This overseas customer is contacted and developed by CSIQ. In the overall project to be signed, Atlas is only responsible for the disassembly, transformation, transportation and basic installation and commissioning of relevant equipment.
Atlas said that this transaction can effectively reduce operating costs and revitalize the company's idle retired assets.
In addition, in December 2025, Atlas adjusted its overseas business. Transfer the relevant equity of 3 overseas companies to the joint venture entity controlled by the controlling shareholder CSIQ (for details, please click:
announcement shows that by the end of 2025, the accumulative amount of occupancy (excluding interest) is 637.0961 million yuan. The balance of occupied funds was 63,787.
According to the disclosure announcement, Atlas promised to complete the repayment of all occupied funds and the interest generated during the period by May 27, 2026, and to strengthen internal control and compliance management.
The incident has attracted the attention of the Shanghai Stock Exchange. On the same day, the Shanghai Stock Exchange issued a regulatory letter to the company and its directors and executives.
浙公网安备33010802003254号