Link: https://links.sgx.com/1.0.0/corporate-announcements/HHJ9RLNP0F93ZOV1/38576ae6943d10d66b9327baf0d649b9aeae9103d6a1726abd82684d4c9bfc7f

Summary:

• Sunpower Group Ltd.'s Green Investments (GI) business reported a 9.3% year-over-year increase in recurring PATMI, reaching RMB97.1 million for the first quarter of 2025.
• GI recurring operating cash flow also saw a significant rise of 27.8% year-over-year, totaling RMB106.7 million.
• GI recurring gross profit increased by 8.8% to RMB227.3 million, accompanied by a 4.6% growth in total steam sales volume to 2.99 million tons.
• A key strategic development was the full redemption of Convertible Bonds with a principal amount of approximately US$130 million.
• Sunpower's GI business model is noted for its robustness, generating long-term recurring income and being well-aligned with China's national policies on carbon neutrality and energy conservation, supporting future growth.