TZE(SZ:002129) 智通财经网·2025-08-22 15:48Core Viewpoint - TCL Zhonghuan reported a significant decline in revenue and an increase in net losses for the first half of 2025, indicating ongoing challenges in the photovoltaic materials sector and the need for continued operational improvements [1] Financial Performance - The company's operating revenue for the first half of 2025 was 13.398 billion, a year-on-year decrease of 17.36% [1] - Net loss attributable to shareholders was 4.242 billion, an increase of 38.48% year-on-year [1] - The net loss excluding non-recurring items was 4.476 billion, up 28.30% year-on-year [1] - Basic loss per share was 1.0624 yuan [1] Operational Insights - The company achieved a sequential revenue increase for two consecutive quarters [1] - Net profit improved by 36.6% compared to the second half of 2024 [1] - Continuous improvements in technology and processes helped reduce production costs [1] Business Segment Performance - The photovoltaic materials segment experienced operational losses due to declining product prices [1] - The battery module business showed improvements in product structure, quality, brand, and market capabilities [1] - High-efficiency module shipments increased both year-on-year and quarter-on-quarter, with a reduction in loss per watt [1]