晶澳科技：上半年净利润亏损25.8亿元

Core Viewpoint - The company reported a significant decline in revenue and net profit for the first half of 2025, indicating challenges in the photovoltaic industry due to supply-demand imbalances and increased competition [1] Financial Performance - Revenue for the first half of 2025 was 23.905 billion yuan, a year-on-year decrease of 36.01% [1] - The net profit showed a loss of 2.58 billion yuan, compared to a loss of 874 million yuan in the same period last year [1] Market Position and Strategy - The company continues to deepen market expansion and accelerate internationalization efforts [1] - It maintains a leading position in battery module shipments, leveraging its technological advantages [1] Industry Challenges - The photovoltaic industry is experiencing a phase of supply-demand imbalance due to concentrated capacity release across various segments [1] - Increased competition has led to downward pressure on the prices of major products compared to the same period last year [1] - International trade protection policies have further impacted the company's average sales price and profitability [1]