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Canadian Solar Inc terminated its plans for an initial public offering on the Shanghai Stock Exchange (SSE), because it failed to provide all relevant financial information by a set deadline. The Chinese-Canadian module manufacturer announced its IPO plans in June 2021 with China International Investment Corp. (CICC) as its listing sponsor.
GCL Technology said this week that its board approved a proposal to move from the Hong Kong Stock Exchanges to the mainland Chinese stock market, either in Shanghai or Shenzhen. It said that so far, it has not submitted any official application, because the proposal must be approved by the shareholders.
long said its revenue in the first three quarters of this year would likely range from CNY 86.4 billion ($12.14 billion) to CNY 87.4 billion. Net profit attributable to shareholders is likely to range from CNY 10.6 billion to CNY 11.2 billion. The company attributed its performance to higher silicon wafer and PV panel shipments.
Trina Solar released its forecast for the first nine months of the year. It expects a net profit attributable to shareholders of CNY 2.03 billion to CNY 2.48 billion. It attributed its performance to increased PV module sales.
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