Core Viewpoint - As of January 15, a total of 543 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more, indicating a significant trend of capital withdrawal from these stocks [1]. Group 1: Stocks with Longest Net Outflow - Qin'an Co., Ltd. has the longest streak of net outflows, with 17 consecutive days [1]. - Haima Automobile follows with 16 consecutive days of net outflows [1]. Group 2: Stocks with Largest Total Net Outflow - Goldwind Technology has the highest total net outflow, amounting to 12.453 billion yuan over seven days [1]. - Shenghong Technology ranks second with a total net outflow of 5.714 billion yuan over the same period [1]. Group 3: Stocks with Highest Net Outflow Ratio - ST Tongmai has the highest net outflow ratio, with a 19.58% decline over the past 13 days [1]. - Other notable stocks with significant net outflow ratios include China Merchants Bank at 15.85% and Changjiang Power at 16.78% [1]. Group 4: Summary of Key Stocks - Key stocks experiencing net outflows include: - Goldwind Technology: 7 days, 12.453 billion yuan, 9.88% outflow ratio, 25.17% cumulative decline [1]. - Shenghong Technology: 7 days, 5.714 billion yuan, 8.02% outflow ratio, -10.04% cumulative decline [1]. - China Merchants Bank: 7 days, 5.516 billion yuan, 15.85% outflow ratio, -6.13% cumulative decline [1]. - Haima Automobile: 16 days, 1.916 billion yuan, 8.07% outflow ratio, -23.29% cumulative decline [1].

证券代码：688223 证券简称：晶科能源 公告编号：2026-002 债券代码：118034 债券简称：晶能转债 公司将严格遵守《上海证券交易所科创板股票上市规则》等相关规定，加快推进财务核算工作，在规定 期限内尽快披露2025年年度业绩预告。具体准确的财务数据以公司正式披露的经审计后的2025年年度报 告为准。敬请广大投资者理性投资，注意投资风险。 特此公告。 晶科能源股份有限公司 董事会 2026年1月15日 晶科能源股份有限公司 关于2025年年度业绩预亏的提示性公告 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、准确性和完整性依法承担法律责任。 经晶科能源股份有限公司（以下简称"公司"）财务部门初步测算，预计2025年度归属于上市公司股东的 净利润为负值，公司2025年年度经营业绩将出现亏损。 ...

（文章来源：证券日报） 证券日报网讯 1月14日，晶科能源发布公告称，公司预计2025年度归属于上市公司股东的净利润为负 值，2025年年度经营业绩将出现亏损。 ...

晶科能源公告，经财务部门初步测算，预计2025年度归属于上市公司股东的净利润为负值，公司2025年 年度经营业绩将出现亏损。 (本文来自第一财经) ...

Core Insights - The official WeChat public account ranking for the photovoltaic industry in the first week of January 2026 has been released, showcasing the communication performance of various companies based on total reading numbers and other engagement metrics [1]. Group 1: Company Rankings - Tongwei Group ranks first with a total reading count of over 150,000, publishing 13 articles with an average reading of 11,569.10 per article [4][10]. - Jinko Solar follows in second place with over 107,000 total readings from 7 articles, achieving an average reading of 15,287.30 per article [4][10]. - Aiko Solar ranks third with a total reading count of 27,626 from 6 articles, maintaining stable reading numbers around 8,000 for its series [4][10]. - Longi Green Energy and its subsidiary Longi Solar rank fourth and sixth, respectively, with total readings of 14,498 and 8,572 [11][10]. - Trina Solar and JA Solar maintain stable content output, ranking fifth and seventh with total readings of 8,615 and 7,702 [11][10]. Group 2: Notable Articles - Jinko Solar's article titled "Opening the Grand Blueprint for the Next 20 Years" achieved a remarkable reading count of 95,999, significantly contributing to its overall performance [10]. - The article "2025 Major Events of Sungrow" by Sungrow, although not in the top ten, garnered 73,641 readings, marking it as a standout piece in the industry [10]. - Tongwei Group's articles, including "The Power of Role Models!" and others, also received high engagement, with readings of 34,130 and 25,652 respectively [12][10].

北京商报讯（记者 马换换 李佳雪）1月14日晚间，晶科能源（688223）披露公告称，经公司财务部门初 步测算，预计2025年度归属净利润为负值，公司2025年年度经营业绩将出现亏损。 ...

| 证券代码：688223 | 证券简称：晶科能源 | 公告编号：2026-002 | | --- | --- | --- | | 债券代码：118034 | 债券简称：晶能转债 | | 晶科能源股份有限公司 董事会 2026 年 1 月 15 日 经晶科能源股份有限公司（以下简称"公司"）财务部门初步测算，预计 2025 年度归属于上市公司股东的净利润为负值，公司 2025 年年度经营业绩将出现亏 损。 公司将严格遵守《上海证券交易所科创板股票上市规则》等相关规定，加快 推进财务核算工作，在规定期限内尽快披露 2025 年年度业绩预告。具体准确的 财务数据以公司正式披露的经审计后的 2025 年年度报告为准。敬请广大投资者 理性投资，注意投资风险。 特此公告。 晶科能源股份有限公司 关于 2025 年年度业绩预亏的提示性公告 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、准确性和完整性依法承担法律责任。 ...

格隆汇1月14日｜晶科能源公告，公司财务部门初步测算，预计2025年度归属于上市公司股东的净利润 为负值，公司2025年年度经营业绩将出现亏损。公司将严格遵守《上海证券交易所科创板股票上市规 则》等相关规定，加快推进财务核算工作，在规定期限内尽快披露2025年年度业绩预告。具体准确的财 务数据以公司正式披露的经审计后的2025年年度报告为准。敬请广大投资者理性投资，注意投资风险。 ...

晶科能源公告称，经初步测算，公司2025年度归属于上市公司股东的净利润预计为负值，年度经营业绩 将出现亏损。公司将加快推进财务核算，在规定期限内披露2025年年度业绩预告，具体准确财务数据以 经审计后的年报为准。提醒投资者理性投资，注意风险。 ...

Core Viewpoint - The photovoltaic industry is facing a dilemma between the urgency to export before the VAT export tax rebate is canceled on April 1, 2026, and the rising costs of raw materials, which are causing hesitation in production decisions [1][2]. Group 1: Export Urgency and Raw Material Costs - Companies are under pressure to complete exports before the VAT export tax rebate is removed, leading to potential missed orders if not acted upon quickly [1]. - The rising prices of raw materials such as silver and aluminum are significantly impacting production budgets, causing companies to reconsider their production plans [1][2]. - The price of battery cells has increased by over 0.1 yuan per watt in the last two months, leading to a halt in procurement by many manufacturers [2]. Group 2: Inventory and Production Challenges - Companies with large inventories of components produced at lower costs are in a favorable position, while those with low inventories face challenges in sourcing high-cost battery cells for production [2][3]. - The domestic component prices are highly volatile, influenced by the rising costs of metals and the impending cancellation of the VAT export tax rebate [3]. Group 3: Market Uncertainty and Decision-Making - The uncertainty in overseas markets is making it difficult for manufacturers to decide on export strategies, compounded by financial constraints [3][4]. - Some traders are resorting to shipping products overseas for simple packaging to avoid high tariffs, raising questions about future stockpiling strategies [3]. Group 4: Impact on Market Dynamics - The cancellation of the VAT export tax rebate is expected to push companies towards technological innovation and improving product value to manage cost pressures [5]. - Companies with established overseas production capabilities, such as JinkoSolar, are likely to benefit from the policy changes, as they have mechanisms in place to adjust pricing in response to market fluctuations [5].