FLASH: Arctech returns to quarterly profit

In a company results assessment, Arctech Solar Holding reported third-quarter revenue of Yuan 2.397 billion, up 78.77% year on year, and net profit of Yuan 13.96 million, returning to profit after four consecutive loss-making quarters. Improved revenue, cost control and stronger receivables collection supported the result. The company is a leading supplier of solar trackers, fixed structures and related systems. The turnaround suggests that Chinese mounting suppliers are beginning to benefit from higher project activity and a less severe price environment, although one profitable quarter does not confirm a full-sector recovery and the result remains sensitive to project mix and working capital.