PN

NINGBO, China, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today reported its financial results for the fiscal year 2025, ended September 30, 2025. Financial Highlights for Fiscal Year 2025 Revenue increased 26.97% year over year, to approximately $63.31 million in fiscal 2025 from approximately $49.86 million in the same period of last year. The increase reflects strong execution of the Company’s solar‑focused strategy. Total assets rose from approximately $31.95 million to approximately $45.49 million, an absolute increase of approximately $13.54 million, representing an increase of approximately 42.39% year‑over‑year. Solar PV revenue grew 32.61%, accounting for over 97% of total revenue. Overseas revenue increased 140.82%, driven by expanding international demand for solar PV products. Material increase in cash and cash equivalents to approximately $9.34 million in fiscal 2025 from $5.17 million in fiscal 2024 not only secures the Company’s operational needs for the next 12 months but also serves as evidence of robust operating performance over the past year, improving short‑term liquidity and financial flexibility. Strategic expansion – progress made in expanding participation across the renewable energy value chain through selective investments and energy asset initiatives. Mr. Weiqi Huang, Chairman and CEO of the Company, commented: “Fiscal year 2025 represented a year of solid execution and strategic progress for Skycorp. We delivered strong revenue growth, driven primarily by continued expansion in our solar PV product business, which now accounts for over 97% of total revenue. Growth was supported by rising global demand for photovoltaic cables and connectors, as well as a significant increase in overseas sales, reflecting the success of our international market expansion efforts.” “Throughout the year, we optimized our business by focusing resources on our core PV cable operations and related extensions. We see strong long-term prospects in global C&I distributed PV plant investment, integrated equipment and service solutions, and AI-enabled energy management—all aligned with the energy transition. Despite competitive pressures affecting pricing and margins, we continue to scale operations, deepen cu...

Ningbo, China, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (“Skycorp” or the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, today announced the results of an extraordinary general meeting (the “EGM”) held at Room 303, Block B, No.188 Jinghua Road, Yinzhou District, Ningbo City, Zhejiang Province, China 315048 on October 10, 2025 at 10:00 a.m., Beijing/Hong Kong Time. At the EGM, shareholders of the Company passed the following resolution: About Skycorp Solar Group Limited Skycorp Solar Group Limited is a solar photovoltaic (PV) product provider focused on manufacturing and selling solar cables and connectors. Our operations are managed through our subsidiaries, including Ningbo Skycorp Solar Co., Ltd., in China. The Company’s mission is to become a green energy solutions provider by utilizing solar power and delivering eco-friendly solar PV products. By leveraging the Company’s expertise in solar technologies and relationships with worldwide clients, it aims to expand offerings of solar PV products and energy solutions for enterprise customers. For more information, please visit: https://ir.skycorp.com/. Forward-looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the S...

NINGBO, China, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Skycorp Solar Group Limited (the “Company”) (NASDAQ: PN), a solar PV product provider engaged in the manufacture and sale of solar cables and solar connectors, announced its financial results for the six months ended March 31, 2025. Financial Highlights Revenues were $24,176,271 for the six months ended March 31, 2025 compared with $22,483,601 for the six months ended March 31, 2024, representing an increase of 7.53%, primarily driven by solar PV product sales. Gross profit was $3,703,925 for the six months ended March 31, 2025 compared with $3,395,547 for the six months ended March 31, 2024, representing 15.32% and 15.10% of revenue, respectively. Selling and marketing expense increased by 23.15% to 973,207 for the six months ended March 31, 2025 from $790,232 for the six months ended March 31, 2024, as a result of our continues effort in expanding our business. Net income was $391,967 for the six months ended March 31, 2025, representing a decrease of 39.09% from $643,498 for the six months ended March 31, 2024. Mr. Weiqi Huang, Chairman and CEO of the Company, commented: “We’re encouraged by strong top-line growth and improved gross profit in the first half, reflecting both market enthusiasm for our solar products and our team’s outstanding execution.” “Our bottom-line results were shaped by accelerated investments in strategic initiatives. We significantly increased sales and marketing spend to expand into new markets, with a focus on enhancing overseas logistics and delivery. Additionally, we scaled our operational infrastructure to support sustained growth.” “These investments are critical to building a stronger, more diversified, and market-leading company. While they affect short-term profitability, we’re confident they will deliver long-term value to shareholders and customers.” Semi-annual Financial Results as of March 31, 2025 Revenues Our revenue for the six months ended March 31, 2025 and 2024 was $24,176,271 and $22,483,601, respectively. The $1,692,670, or 7.53% increase in revenue mainly resulted from the $ 2,746,959, or 13.62% increase in solar PV products sales though offset by $1,054,289, or 45.53% decrease in HPC products sales. The booming global photovoltaic market, coupled with the shortage of electricity in many countries, has led to a huge growth in our PV product revenue for the six...