EGING PV(SH:600537) Shang Hai Zheng Quan Bao·2026-01-13 18:55Core Viewpoint - Yichin Solar Technology Co., Ltd. is expected to report a significant loss for the fiscal year 2025, with projected net profit attributable to shareholders ranging from -450 million to -600 million yuan, indicating ongoing challenges in the solar industry and company operations [2][4][10]. Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of -450 million to -600 million yuan for 2025 [2][4]. - The projected net profit after deducting non-recurring gains and losses is estimated to be between -447.5 million and -597.5 million yuan [5]. - The expected net asset value at the end of 2025 is projected to be between -68 million and -130 million yuan [3][6]. Previous Year Comparison - In the previous year, the company reported a total profit of -2.427 billion yuan, with a net profit attributable to shareholders of -2.0902864 billion yuan [8]. - The earnings per share for the previous year were -1.77 yuan per share [9]. - The net asset value at the end of the previous year was 497.693 million yuan [8]. Reasons for Expected Loss - The solar industry is undergoing a transformation, with persistent supply-demand imbalances and overall weak profitability due to structural capacity mismatches from previous periods [10]. - The company is currently without a controlling shareholder, which has negatively impacted its credit status and financing capabilities, leading to tighter liquidity and operational constraints [11]. - A decline in the prices of solar cell components and the need for asset impairment testing have further contributed to the expected losses [10]. Future Outlook and Strategies - In 2026, the company aims to enhance communication with stakeholders and implement measures to improve operational quality, reduce costs, and enhance asset efficiency [12]. - The company is focused on mitigating debt and delisting risks while striving to protect the rights of all shareholders [12].