Finance · Day
2026-11-05
6 stories in this section.
China: Zhongrun Solar Acquires *ST Yijing for 719 Million Yuan in a Reverse Merger Gamble by a Failed IPO Candidate
Zhongrun Solar is investing 719 million yuan to acquire controlling stake in *ST Yijing, a listed shell company with negative net assets. This reverse merger allows the cell manufacturer to bypass IPO delays and access capital markets despite previous listing failures.
South Korea: Ecopro BM Holds Steady with ESS Despite EV Slump... Q3 Operating Profit at 120 Million Won
EcoPro BM reported Q3 operating profit of 12 billion won, with ESS revenue surging 173% quarter-over-quarter to 123.6 billion won. This demonstrates how energy storage and AI data center demand are diversifying revenue streams for battery material manufacturers facing EV market slowdowns.
Battery Market Landscape Shifts: South Korea Smiles at US ESS Growth, China Frowns at Supply Glut
Korean battery makers like LG Energy Solution are seeing improved performance driven by rising US demand for energy storage systems, while Chinese firms face supply oversaturation and regulatory headwinds. This divergence highlights the critical importance of supply chain diversification and regional market dynamics for energy storage professionals.
African Development Bank Group Invests $66 Million In Egypt’s 500 MW Solar And 100 MWh Battery Storage Project
The African Development Bank Group has approved a $66 million financing package for the Dandara solar and battery storage project in Egypt. This project combines 500 MW of solar capacity with 100 MWh of storage to supply renewable power to an aluminium producer, supporting industrial decarbonisation in the region.
From Volume to Profit: Solar Industry Narrows Losses Quarter-on-Quarter—Is the Turning Point Really Here?
Third-quarter financial reports from Chinese listed solar companies show marginal recovery, with Aiko Solar achieving a single-quarter profit and JinkoSolar narrowing losses. This matters to industry professionals because it highlights that current profitability gains are driven by product mix adjustments and energy storage diversification rather than a clear rebound in module prices.
FOSTER Q3 Profit Jumps 64.5% to 1.13B Yuan as China PV Film Rivals Struggle at Break-Even
FOSTER reported a 64.5% year-on-year increase in net profit for the first three quarters of 2026, standing alone among major Chinese photovoltaic encapsulation film manufacturers while rivals struggled at break-even. This divergence highlights the widening earnings gap between leading and second-tier companies in the supply chain, indicating that profitability recovery is not uniform across the sector.