Core Insights - The photovoltaic sector is significantly impacted by "involution," with companies emphasizing the importance of moving away from price wars [1][3] - Leading companies in the Shanghai stock market are focusing on technological upgrades and cash flow improvement as core strategies for the second half of the year [1] Company Summaries Longi Green Energy Technology Co., Ltd. - In the first half of 2025, the company reported revenue of 32.813 billion yuan, a year-on-year decrease of 14.83%, and a net loss of 2.569 billion yuan, although the loss has narrowed compared to the previous quarter [1] - The company aims to lead industry standards and improve product quality to promote industry progress and development [1] - Longi hopes to achieve a balance in gross profit and expenses in its main business by the fourth quarter of this year [1] Tongwei Co., Ltd. - The company achieved revenue of 40.509 billion yuan in the first half of 2025, a year-on-year decrease of 7.51%, with a net loss of 4.955 billion yuan [2] - Tongwei's high-purity crystalline silicon sales reached approximately 161,300 tons, holding a global market share of about 30% [2] - The company emphasizes the synergy between its "green energy" and "green agriculture" sectors to enhance operational efficiency amid industry challenges [2] JinkoSolar Holding Co., Ltd. - JinkoSolar reported revenue of 31.831 billion yuan in the first half of 2025, a year-on-year decrease of 32.63%, with a net loss of 2.909 billion yuan, marking a shift from profit to loss [3] - The company has a strong global presence, with over 60% of its shipments in the first half of 2025 being overseas, maintaining a leading position in various emerging markets [3] - Industry experts suggest that the key to "anti-involution" in the photovoltaic sector lies in technological iteration and industry self-discipline [3]
沪市半年报看"反内卷"|光伏价格战降温 龙头企业聚焦技术突破
Zheng Quan Ri Bao·2025-09-05 04:07