DMEGC Solar exceeds R$795 million in net profit in the first half of 2025

Even in the face of a challenging scenario in the global photovoltaic sector, marked by overcapacity and pressure on prices in the production chain, DMEGC Solar announced impressive results in its 2025 half-yearly report.

In the period from January to June, the company achieved revenue of ¥11,936 billion (approximately US$1,66 billion), a growth of 24,75% compared to the same period last year, and net profit of ¥1,02 billion (approximately US$142 million), an increase of 58,94%.

Both revenue and profit maintained a rapid pace of expansion, in contrast to the so-called “photovoltaic winter” that still impacts the sector globally.

Highlight for the photovoltaic segment

The solar sector remains one of the company's pillars:

• Revenue from photovoltaic products: ¥8,054 billion (US$1,12 billion), growth of 36,58%.
• Shipment volume: 13,4 GW, an increase of over 65%.
• Gross margin: increase from 11,41% to 16,70%.

According to the company, these figures were achieved thanks to a strategy based on product and market differentiation. Currently, DMEGC Solar offers five categories of standard double-glazed modules and nine lines focused on special applications—such as full-black modules, greenhouse systems, anti-reflective modules, floating modules, high-transparency modules, hail-resistant modules, dust-resistant modules, simplified installation modules, and ultralight modules.

Recognition and innovation

DMEGC Solar has accumulated recognition that attests to its technological and financial solidity:

• A-rated in the PVTech manufacturer pyramid.
• RETC's Overall Highest Achiever Seal.
• Best score among Chinese manufacturers in Altman's Z-Score, a global indicator of financial health.
• Recognition as a PVEL Top Performer in independent tests.
• Continuous presence on BloombergNEF's Tier 1 manufacturers list since 2019.

Furthermore, in March 2025, DMEGC Solar was awarded “Best Cooperation Partner” by Japan's Kyocera Group, becoming the first Chinese supplier to receive the honor in the multinational's smart energy segment.

DMEGC Solar has accumulated recognition that attests to its technological strength. Photo: Disclosure

In the technological field, the company presented advances:

• Cell R&D efficiency: 27,25%.
• Mass production efficiency: 26,85%.
• Third-party certification: 26,51%.
• The Infinity RT module has remained among the Top 2024 of the global TaiyangNews TOP SOLAR MODULES Listing since April 10.

Furthermore, in early 2025, DMEGC Solar defined a continuous improvement plan for its ultra-power modules, through investments in technological updates and process optimization.

International expansion

Ao Canal Solar, the company opted to invest in a production base in Indonesia. Announced in 2023, the project went into operation in 2024 and, by the first quarter of 2025, was already operating at virtually full capacity, with sales of approximately 900 MW in the quarter alone. Shipments from the Indonesian unit are expected to exceed 3,5 GW by the end of the year.

Latin America: consolidation in Brazil

In Latin America, DMEGC Solar has opened the distribution market in partnership with distributors in Brazil. The region remains a strategic hub for the company, with strong growth potential in both the distributed generation segment and large-scale projects.

For Candice He, Executive Director of DMEGC Solar LATAM, the results reinforce the consistency of the global strategy and its impact on local markets.

"DMEGC Solar's performance in such a challenging environment demonstrates the resilience of our strategy. For Latin America, this result translates into even greater confidence for our customers and partners, who can count on a financially solid, innovative brand committed to long-term solutions," he said.

LATAM Commercial Director Danilo Borrigueiro highlighted that Latin America is one of the most important growth hubs for DMEGC Solar.

"Our priority is to offer cutting-edge technology with high added value, strengthening our partnerships with local distributors and integrators. The global figures we present also reflect the trust we've built with the Latin American market," he stated.

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