Shang Hai Zheng Quan Bao·2025-11-13 18:43Core Viewpoint - Canadian Solar Inc. (CSIQ) disclosed its Q3 2025 performance and outlook for Q4 2025 and the full year 2026, highlighting its significant role as the controlling shareholder of Arctech Solar Technology Co., Ltd. (阿特斯阳光电力集团股份有限公司) [2][3] Group 1: Q3 2025 Financial Performance - CSIQ reported a Q3 2025 revenue of $1.5 billion (approximately ¥10.68 billion) with a gross margin of 17.2% [4] - The company achieved a module shipment volume of 5.1 GW in Q3 2025 [3][4] Group 2: Q4 2025 and 2026 Outlook - For Q4 2025, CSIQ expects total revenue to be between $1.3 billion and $1.5 billion (approximately ¥9.24 billion to ¥10.67 billion) with a gross margin forecasted between 14% and 16% [5] - The anticipated module shipment volume for Q4 2025 is between 4.6 GW and 4.8 GW, while energy storage system shipments are expected to be between 2.1 GWh and 2.3 GWh [5] - For the full year 2026, CSIQ projects module shipments of 25 GW to 30 GW and energy storage system shipments of 14 GWh to 17 GWh [5] Group 3: Production Capacity Plans - CSIQ updated its production capacity plans for the photovoltaic manufacturing sector and energy storage systems, indicating that the capacity figures are subject to change based on market conditions and capital allocation [6] - The first phase of the battery cell factory in Indiana is expected to commence production in March 2026, and the first phase of the energy storage facility in Kentucky is anticipated to start in December 2026 [6] Group 4: Order Backlog - As of October 31, 2025, CSIQ's subsidiary, Arctech Storage Technology (e-STORAGE), has signed contracts with a backlog amounting to $3.1 billion (approximately ¥22.04 billion) [6]