# solid‑state battery

From Sevenfold Surge to Five Straight Limit‑Downs: China Solar Small‑Cap Faces Sixth Year of Losses

Guosheng Technology forecast a 2025 net loss of RMB 325–650 million, marking its sixth consecutive annual loss, while its shares plunged into five straight limit‑down sessions after an earlier speculative rally. The company's troubles reflect a wider industry downturn driven by structural overcapacity, low module prices and margin erosion across China's PV sector, even as firms pivot toward batteries and higher‑value components.