蓄力技术升级与全球化布局 通威股份二季度业绩环比减亏

Core Viewpoint - Tongwei Co., Ltd. reported a revenue of 40.509 billion yuan for the first half of 2025, a year-on-year decrease of 7.51%, with a net profit attributable to shareholders of -4.955 billion yuan, indicating a challenging operating environment due to ongoing supply-demand imbalances in the photovoltaic industry [1] Financial Performance - Revenue for the first half of 2025 was 40.509 billion yuan, down 7.51% year-on-year [1] - Net profit attributable to shareholders was -4.955 billion yuan [1] - The second quarter showed a reduction in losses compared to the first quarter [1] Industry Position - Tongwei's polysilicon sales reached 161,300 tons, holding approximately 30% of the global market share, ranking first in the industry [1] - The company maintained its position as the global leader in battery sales with 49.89 GW sold, surpassing a cumulative shipment of 300 GW [1] - In the module sales segment, 24.52 GW were sold, leading the domestic distributed market and experiencing explosive growth in overseas shipments [1] Financial Liquidity - As of the end of the reporting period, the company had approximately 33.229 billion yuan in cash and trading financial assets, ensuring sufficient liquidity for operational needs [1] - The company has a rich reserve of financing tools and ample bank credit, maintaining smooth access to short-term financing instruments and medium-term notes [1] - This financial strategy not only secures liquidity but also provides significant advantages in financing rates and terms [1]