Group 1 - The power sector experienced a slight increase of 0.05% on the previous trading day, with TuoRi New Energy leading the gains [1] - The Shanghai Composite Index closed at 4136.16, up by 0.33%, while the Shenzhen Component Index closed at 14439.66, up by 0.79% [1] - Notable gainers in the power sector included TuoRi New Energy, which rose by 10.08% to a closing price of 5.46, and Solar Energy, which increased by 10.06% to 5.69 [1] Group 2 - The power sector saw a net outflow of 2.42 billion yuan from institutional investors, while retail investors contributed a net inflow of 1.746 billion yuan [2] - The trading volume for TuoRi New Energy was 831,900 shares, with a total transaction value of 448 million yuan [1] - The stock performance of major companies showed varied results, with some experiencing declines, such as Shimao Energy, which fell by 2.52% to 27.44 [2] Group 3 - TuoRi New Energy had a net inflow of 230 million yuan from institutional investors, representing 51.41% of its trading volume [3] - Solar Energy experienced a net outflow of 197 million yuan from retail investors, indicating a shift in investor sentiment [3] - The overall trading dynamics in the power sector reflected a mixed sentiment, with significant inflows from retail investors countering the outflows from institutional investors [2][3]

Core Viewpoint - The photovoltaic industry continues to face significant challenges, with major companies reporting substantial losses, totaling over 500 billion yuan, except for Hongyuan Green Energy, which is the only profitable entity among the analyzed firms [1][2]. Group 1: Financial Performance - Among 12 major photovoltaic companies, only Hongyuan Green Energy reported a profit, while the others collectively faced losses exceeding 500 billion yuan [1]. - Tongwei Co. is projected to incur the largest loss in 2025, estimated between 90-100 billion yuan, followed by TCL Zhonghuan and Trina Solar, with losses of 82-96 billion yuan and 65-75 billion yuan, respectively [2]. - JinkoSolar is expected to report a loss of 59-69 billion yuan for the previous year, while it anticipates a slight profit in 2024 [6][8]. Group 2: Cost Pressures - The rising prices of silver and silicon materials have significantly increased production costs for photovoltaic companies, with silver paste becoming a major cost component, accounting for approximately 17% of module costs [3][5]. - Silver prices have surged over 230% since the beginning of 2025, contributing to the financial strain on companies like Longi Green Energy and Trina Solar [5]. Group 3: Company Strategies and Developments - Longi Green Energy and TCL Zhonghuan have shown the most significant reduction in losses among leading firms, with Longi reducing its losses by nearly 20 billion yuan due to improved production yields and the development of alternative materials [10]. - Hongyuan Green Energy has successfully turned a profit, projecting a net profit of 1.8-2.5 billion yuan for 2025, attributed to its vertically integrated supply chain strategy [14][15]. - JinkoSolar and Trina Solar have both highlighted advancements in their energy storage businesses, indicating a potential area for growth despite current losses [8].

证券代码：601908 证券简称：京运通 公告编号：临2026-002 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示： ● 本期业绩预告适用于"净利润为负值"的情形。 ● 经北京京运通科技股份有限公司（以下简称"公司"）财务部门初步测算，预计公司2025年年度实现归 属于母公司所有者的净利润-123,000.00万元（人民币，下同）到-174,000.00万元。 ● 预计公司2025年年度实现归属于母公司所有者的扣除非经常性损益后的净利润-105,000.00万元 到-152,000.00万元。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 经公司财务部门初步测算，预计公司2025年年度实现归属于母公司所有者的净利润-123,000.00万元 到-174,000.00万元。 预计公司2025年年度实现归属于母公司所有者的扣除非经常性损益后的净利润-105,000.00万元 到-152,000.00万元。 （三）本期业绩预告未经注册会计师审计。 二、上 ...

（编辑 丛可心） 证券日报网讯 1月21日，京运通发布公告称，公司预计2025年年度实现归属于母公司所有者的净利 润-123000.00万元到-174000.00万元，实现归属于母公司所有者的扣除非经常性损益后的净利 润-105000.00万元到-152000.00万元。 ...

Group 1: Profit Forecasts - Limin Co. expects a net profit of 465 million to 500 million yuan for 2025, representing a year-on-year increase of 471.55% to 514.57% [1] - Guohui Energy anticipates a net profit of 1.32 billion to 1.47 billion yuan for 2025, reflecting a decline of 50.03% to 55.13% year-on-year [2] - Jiajia Yue forecasts a net profit of 198 million to 228 million yuan for 2025, indicating a growth of 50.06% to 72.79% year-on-year [3] - Xianghe Industry projects a net profit of 120 million to 148 million yuan for 2025, with an expected increase of 59.17% to 96.31% year-on-year [4] - Aojie Technology predicts a net profit of 90 million to 120 million yuan for 2025, showing a growth of 228.34% to 337.79% year-on-year [14] - Shanghai Electric expects a net profit of 1.1 billion to 1.32 billion yuan for 2025, representing an increase of approximately 47% to 76% year-on-year [15] - Tianfu Communication anticipates a net profit of 1.881 billion to 2.15 billion yuan for 2025, reflecting a growth of 40% to 60% year-on-year [16] - Yichang Technology forecasts a net profit of 150 million to 225 million yuan for 2025, indicating a year-on-year increase of 58% to 138% [29] - Shanghai Yizhong expects a net profit of 60 million to 70 million yuan for 2025, representing a significant increase of 760.18% to 903.54% year-on-year [41] Group 2: Loss Forecasts - Kexin Electromechanical anticipates a net profit of 55 million to 70 million yuan for 2025, reflecting a decline of 58.65% to 67.51% year-on-year [11][12] - Kexin Technology expects a net loss of 900 million to 1.2 billion yuan for 2025, which is an increase in loss of 78.67% to 84% year-on-year [10] - Tianyang New Materials forecasts a net loss of 250 million to 180 million yuan for 2025, compared to a loss of 213 million yuan in the previous year [20] - Bo Rui Data anticipates a net loss of 90 million to 100 million yuan for 2025, which is an increase in loss of 15.17 million to 25.17 million yuan year-on-year [19] - Xinlian Integrated expects a net loss of 577 million yuan for 2025, which is a reduction in loss of approximately 40.02% compared to the previous year [40] - Fangshilong forecasts a net loss of 4 million to 6 million yuan for 2025 [30] Group 3: Strategic Developments - Lianlong signed a strategic framework agreement with Runyinglian to enhance the reliability and efficiency of the lubricant additive supply chain in China and the Asia-Pacific region [7] - Han Jian Heshan is planning to acquire a 52.51% stake in Liaoning Xingfu New Materials Co., Ltd., with stock suspension expected for up to 9 trading days [13] - Kai Zhong Precision plans to invest 116 million yuan in a technical transformation and expansion project to meet future capacity demands [34] - Tianfu Communication is expected to engage in clinical trials for its ABA001 injection, which has received approval from the National Medical Products Administration [17]

格隆汇1月21日丨京运通(601908.SH)在投资者互动平台表示，公司目前未向欧盟国家出口产品。 ...

报告期内，受行业环境、市场波动等综合因素影响，公司新材料业务所涉及的硅片环节持续承压，虽然 经营性亏损减少，但依然对公司整体盈利能力产生负面影响。同时，受市场环境、产品价格、产能开工 率维持低位运行等因素影响，公司根据《企业会计准则第8号--资产减值》和公司计提资产减值的有关 制度，基于谨慎性原则，对相关资产进行减值测试后，拟对部分资产计提减值准备，对公司本期业绩产 生负面影响。 格隆汇1月21日丨京运通(601908.SH)公布，公司财务部门初步测算，预计公司2025年年度实现归属于母 公司所有者的净利润-123,000.00万元（人民币，下同）到-174,000.00万元。预计公司2025年年度实现归 属于母公司所有者的扣除非经常性损益后的净利润-105,000.00万元到-152,000.00万元。 ...

证券代码：601908 证券简称：京运通 公告编号：临 2026-002 北京京运通科技股份有限公司 2025 年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 预计公司 2025 年年度实现归属于母公司所有者的扣除非经常性损益后的净 利润-105,000.00 万元到-152,000.00 万元。 （三）本期业绩预告未经注册会计师审计。 二、上年同期经营业绩和财务状况 本期业绩预告适用于"净利润为负值"的情形。 经北京京运通科技股份有限公司（以下简称"公司"）财务部门初步测 算，预计公司 2025 年年度实现归属于母公司所有者的净利润-123,000.00 万元（人 民币，下同）到-174,000.00 万元。 预计公司 2025 年年度实现归属于母公司所有者的扣除非经常性损益后 的净利润-105,000.00 万元到-152,000.00 万元。 一、本期业绩预告情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 经公司财务部门初步 ...

格隆汇1月21日丨京运通(601908.SH)公布，公司财务部门初步测算，预计公司2025年年度实现归属于母 公司所有者的净利润-123,000.00万元（人民币，下同）到-174,000.00万元。预计公司2025年年度实现归 属于母公司所有者的扣除非经常性损益后的净利润-105,000.00万元到-152,000.00万元。 报告期内，受行业环境、市场波动等综合因素影响，公司新材料业务所涉及的硅片环节持续承压，虽然 经营性亏损减少，但依然对公司整体盈利能力产生负面影响。同时，受市场环境、产品价格、产能开工 率维持低位运行等因素影响，公司根据《企业会计准则第8号--资产减值》和公司计提资产减值的有关 制度，基于谨慎性原则，对相关资产进行减值测试后，拟对部分资产计提减值准备，对公司本期业绩产 生负面影响。 ...

报告期内，公司业绩出现亏损的主要原因如下：1.报告期内，受行业环境、市场波动等综合因素影响， 公司新材料业务所涉及的硅片环节持续承压，虽然经营性亏损减少，但依然对公司整体盈利能力产生负 面影响。同时，受市场环境、产品价格、产能开工率维持低位运行等因素影响，公司根据《企业会计准 则第8号--资产减值》和公司计提资产减值的有关制度，基于谨慎性原则，对相关资产进行减值测试 后，拟对部分资产计提减值准备，对公司本期业绩产生负面影响。2.报告期内，因公司参股企业出现亏 损而确认的投资损失及公司出售全资子公司股权确认的转让损失对公司净利润产生不利影响。 智通财经APP讯，京运通(601908.SH)发布2025年年度业绩预告，预计2025年度实现归属于母公司所有 者净亏损12.3亿元至17.4亿元。 ...