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Baiwei Storage: Net loss of 197 million yuan in the first quarter, turning from profit to loss year-on-year.
Jin10 data reported on April 29 that Bawei Storage announced that its operating revenue for the first quarter of 2025 was 1.543 billion yuan, a year-on-year decrease of 10.62%; net loss of 197 million yuan, turning from profit to loss year-on-year. The main reasons include the impact of the global macroeconomic environment leading to a decline in storage prices, significant reduction in the sales prices of the company's products; increased R&D investment; and the impact of share-based payment expenses.