Shanghai Stock Exchange
Image: 钉钉, Wikimedia Commons, CC BY-SA 4.0
YES solar energy for 2025, a full-year net loss attributable to shareholders of CNY4.5 to 4.8 billion ($619 to 660 million), with earnings per share (EPS) of -CNY1.37 to -CNY1.46. The company attributed the loss mainly to the supply-demand imbalance caused by concentrated capacity additions across the PV value chain, exacerbated by rising trade protectionism that pushed down average selling prices (ASPs) and margins of modules. In its previous announcement, JA Solar reported revenues of CNY36.809 billion and a net loss of CNY3.553 billion between January and September.
TCL Zhonghuan said it expects a net loss of CNY8.2-9.6 billion ($1.13-1.32 billion) in 2025, down from a loss of CNY9.818 billion a year earlier. Based on previous filings, the company posted a net loss of CNY5.777 billion between January and September, implying a fourth-quarter loss of roughly CNY2.423-3.823 billion, larger than the third-quarter loss of CNY1.534 billion. TCL Zhonghuan said demand growth has not been enough to offset oversupply, leaving prices low and margins under pressure.
JinkoSolar released a note indicating that it expects a full-year loss for 2025 as well, without providing a range. Financial figures from January to September showed revenue of CNY 47.986 billion and a net loss of CNY 3.92 billion.
Trina Solar also said it expects to remain in the red by 2025; Previous data showed that sales between January and September were CNY49.97 billion, down 20.87% year-on-year, and a net loss of CNY4.201 billion.
Polysilicon producer Daqo New Energy said it expects another full-year loss in 2025, although the deficit is expected to narrow. January to September results showed revenue of CNY 3.243 billion and net loss of CNY 1.073 billion, while third quarter revenue rose to CNY 1.773 billion and third quarter net profit was CNY 73.479 million.
State Network of China has released its investment plan for the 15th period of the Five-Year Plan (2026-2030), which forecasts an average annual addition of approximately 200 GW of wind and solar energy capacity across its service area. The utility said it aims to increase the share of non-fossil energy consumption to 25% and the share of electricity in final energy consumption to 35%, while supporting the rollout of zero-carbon factories and industrial parks and enabling access for 35 million charging points. State Grid expects approximately CNY4.0 trillion in fixed asset investments for the period, an increase of approximately 40% over the previous five-year plan.
This content is copyrighted and may not be reused. If you would like to collaborate with us and reuse some of our content, please contact: editors@pv-magazine.com.
Popular content
