晶澳科技：2025年上半年净利润亏损25.8亿元

Core Viewpoint - The company reported a significant decline in revenue and an increase in net losses for the first half of 2025, attributed to intensified competition and pricing pressures in the photovoltaic industry [1] Financial Performance - The company's operating revenue for the first half of 2025 was 23.905 billion yuan, a year-on-year decrease of 36.01% [1] - The net loss for the period was 2.58 billion yuan, compared to a net loss of 874 million yuan in the same period last year [1] Market Position and Strategy - The company has been actively expanding its market presence and accelerating its internationalization efforts [1] - Despite the challenges, the company maintained a leading position in battery module shipments within the industry due to its technological advantages [1] Industry Context - The photovoltaic industry is experiencing a phase of supply-demand imbalance due to the concentrated release of production capacity across various segments [1] - Increased competition and downward pressure on prices for key products have been noted, impacting the company's sales prices and profitability [1] - International trade protection policies have further exacerbated the challenges faced by the company [1]