协鑫集成(002506) - 2025 Q2 - 季度业绩预告

Performance Forecast Overview The company anticipates a shift from profit to loss in H1 2025, with net profit attributable to shareholders projected to be a loss of 250-350 million yuan Core Financial Indicator Forecast The company expects to turn from profit to loss in the first half of 2025, with net profit attributable to shareholders projected to be a loss of 250-350 million yuan 2025 Semi-Annual Performance Forecast | Item | Current Period (Jan 1 - Jun 30, 2025) | Prior Year Period | | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Loss: 250 million yuan to 350 million yuan | Profit: 43.3344 million yuan | | Net Profit After Non-Recurring Items | Loss: 270 million yuan to 360 million yuan | Profit: 11.9552 million yuan | | Basic Earnings Per Share | Loss: 0.043 yuan/share to 0.060 yuan/share | Profit: 0.007 yuan/share | Performance Fluctuation Analysis The shift from profit to loss is primarily due to industry supply-demand imbalance and declining gross margins, despite significant growth in module shipments External Industry Environment H1 2025 saw significant domestic PV market growth driven by policy, yet supply-demand imbalance led to low module prices and widespread industry losses - Driven by photovoltaic policies, the domestic market experienced a phased installation rush, leading to significant year-on-year growth in industry installed capacity[4] - Supply-demand imbalance across the industry chain resulted in low module terminal prices, year-on-year decline in gross margins, and widespread losses in core industry segments[4] Company's Operational Response The company expanded market presence, achieved significant module shipment growth, and implemented cost-reduction measures to mitigate losses - The company strengthened market expansion, securing the third-largest bid volume in central state-owned enterprise tenders during H1, with significant year-on-year growth in module shipments[4] - Through refined management and cost reduction, the company achieved industry-leading levels in self-produced cell and module non-silicon costs, capacity utilization, inventory turnover days, and cash conversion efficiency, enhancing operational efficiency[5] Future Outlook The company anticipates accelerated supply-side reform in the PV industry, expecting a market turning point and plans to raise capital to enhance competitiveness - The company expects accelerated supply-side reform in the photovoltaic industry, leading to the elimination of outdated capacity and a potential industry turning point[5] - The company plans to fully secure private placement funds to improve its financial structure and enhance market competitiveness and industry influence[5] Other Important Information This preliminary performance forecast has not been audited, and investors are advised to exercise caution Audit Status This performance forecast has not been audited by a certified public accountant - This performance forecast has not been audited by a certified public accountant[3] Risk Warning The company states this forecast is preliminary, with final data in the 2025 semi-annual report, advising investors to exercise caution - The data in this performance forecast is a preliminary estimate by the company's finance department; final financial data will be based on the 2025 semi-annual report[6] - The company advises investors to make cautious decisions and be aware of investment risks[6]