TRINA(SH:688599) Zhong Zheng Wang·2025-10-30 14:39Core Insights - Trina Solar reported a revenue of 49.97 billion yuan for the first three quarters of 2025, with a non-GAAP net profit of -4.201 billion yuan, indicating a narrowing loss in the third quarter with a revenue of 18.914 billion yuan and a non-GAAP net profit of -1.283 billion yuan [1] - The company’s subsidiary, Trina Storage, signed a sales contract for over 1 GWh of energy storage products with a European customer, utilizing the new Elementa2Pro flexible storage battery system [1][2] - Trina Storage has been rapidly expanding its energy storage business, securing GWh-level contracts, including a significant project in Chile, marking a key step in its global expansion [2] Financial Performance - For the first three quarters, Trina Solar achieved an operating cash flow of 2.855 billion yuan [1] - The company’s third-quarter performance showed a reduction in loss compared to previous quarters, indicating potential recovery [1] Business Expansion - Trina Storage aims to exceed 8 GWh in shipments for its energy storage business in 2025, with a projected growth of over 50% in 2026 [3] - The company has been actively pursuing overseas contracts, with significant agreements in regions such as Latin America and Asia-Pacific [2][3] Strategic Moves - In October, Trina Solar repurchased 3.0358 million shares for a total of 57.0412 million yuan, reflecting management's confidence in the company's future [3]