Solargiga Energy Holdings Ltd. announced that it expects to record an 11.1% year-on-year drop in revenues for the first quarter of 2020 to CNY 820.7 million (USD 116 million /EUR 107.2 million). The revenues from its production business will stand at CNY 817.9 million, or 11.2% lower than in the year-ago period. Other revenue, meanwhile, is forecast to increase to CNY 2.8 million from CNY 1.2 million, according to unaudited preliminary statistics. The external shipment volume of the production business in January-March is estimated at CNY 1 billion, up 42.3% on a yearly basis.