天合光能上半年净利-29.18亿元，系上市后半年度净利首亏

Core Viewpoint - Trina Solar (688599) reported a net profit of approximately -2.918 billion yuan for the first half of 2025, marking the first half-year loss since its listing in 2020 [1] Financial Performance - For the first half of 2025, Trina Solar achieved operating revenue of approximately 31.056 billion yuan, a year-on-year decrease of 27.72% [1] - The company experienced a transition from profit to loss in net profit, with a significant decline compared to the previous year [1] Revenue Drivers - The decline in operating revenue was attributed to the continued low prices in the photovoltaic industry chain, despite an increase in photovoltaic module sales [1] - A decrease in sales of system products also contributed to the decline in operating revenue [1] Market Reaction - On August 22, 2025, Trina Solar's stock price rose by 2.89%, closing at 16.74 yuan per share, with a total market capitalization of 36.48 billion yuan [1]