欧晶科技：2025年前三季度营收降56.36%，业绩仍亏损

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the first three quarters of 2025, primarily due to supply-demand imbalance and intensified competition in the photovoltaic industry [1] Financial Performance - Revenue for the first three quarters of 2025 reached 353 million yuan, representing a year-on-year decrease of 56.36% [1] - The net profit was -87.18 million yuan, an improvement compared to -223.47 million yuan in the same period last year [1] Industry Impact - The company's performance was adversely affected by low capacity utilization and low product prices within the photovoltaic sector [1] Balance Sheet - As of the end of September, the company's total equity was 975 million yuan, with a debt-to-asset ratio of 53.05% [1] - Cash and cash equivalents amounted to 688 million yuan, while total debt stood at 798 million yuan [1] Credit Rating - Zhongjin Pengyuan maintained the company's and "Oujing Convertible Bond" credit rating at AA- and continues to list it on the observation list [1]