Business
Annual Results for the year ended 31 December 2025
Gowin New Energy Group Limited reported audited annual results for the year ended 31 December 2025, showing a revenue of RMB 54,000 and a gross profit of RMB 3,000, with an operating loss of RMB 2,043,000 and a loss before tax from continuing operations of RMB 3,170,000. The company's net liabilities increased to RMB 37,509,000 from RMB 34,339,000 in the prior year, while cash and cash equivalents decreased to RMB 110,000 from RMB 259,000. The company also announced the appointment of Mr. Chien Chih-Peng as Chief Executive Officer and highlighted its minority investment in Taiwan Thick-Film Industries Corp, which reported first-quarter 2026 revenues of NT$275,194,000. Disclaimer*
About this update from Gowin New Energy Group Ltd.
30 June 2026 Gowin New Energy Group Limited ("Gowin" or the "Company") Audited Annual Results for the year ended 31 December 2025 Chairman's Statement: Gowin New Energy Group Limited (the "Group" or "Gowin") is pleased to present its 2025 Annual Report, for the twelve months to 31 December 2025. During the year, Mr. Chen Chih-Lung resigned as a director of Gowin, with effect from 30 December 2025. The Board was pleased to announce the appointment of Mr. Chien Chih-Peng as Chief Executive Officer, having served effectively as Interim CEO since 24 October 2025. The Board would like to record its thanks to Mr. Chen for his contribution to Gowin and looks forward to working with Mr. Chien and the wider Gowin team in the year ahead. The Group's principal new energy holding remains its minority investment in Taiwan-based Taiwan Thick-Film Industries Corp ("TTFI"), listed on the Taipei Exchange (TPEx). TTFI continues to manufacture and supply LED backlight modules and components, with its main production base in mainland China, where it owns two investment companies. Its customers continue to supply backlight modules to Chinese mainland automobile factories and electric vehicle assembly plants. TTFI reported revenues of NT$275,194,000 for the first quarter of 2026. As previously disclosed, and consistent with prior years, the Board continues to monitor this investment closely but has no current plans for further investment or development within the LED sector, given the ongoing structural challenges facing the industry. Turning to the Group's tea business, our engagement with the Pu'er Tea Association ("the PTA") in Taiwan has continued during the year as we work towards a more substantive and sustainable partnership framework. Gowin has established cooperative partnerships with the PTA and several Taiwanese tea manufacturers. Currently, the tea products being distributed through petrol station sales channels are sourced from Taiwan. Trading activity with Ruilong Gas Station ("Ruilong") - in which Mr. Chen Chih-Lung, a substantial shareholder of Gowin and former director, holds a 40% interest - together with our continuing relationship with Junlin Tea Company, remained at a modest level during the second half of the year, consistent with the pattern reported at the half year. In December 2025, the Group completed a small tea product transacti...
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