每周股票复盘：大全能源（688303）预计2025年亏损收窄

Core Viewpoint - Daqo Energy (688303) is expected to report a net loss of 1.05 billion to 1.35 billion yuan for the year 2025, although the loss margin is projected to narrow compared to the previous year due to factors such as the recovery of polysilicon prices and improved cost control [1][3]. Group 1: Performance Disclosure Highlights - Daqo Energy anticipates a net loss attributable to shareholders of 1 billion to 1.3 billion yuan for 2025, representing a year-on-year reduction of 52.17% to 63.21% [1][3]. - The expected net loss after excluding non-recurring gains and losses is projected to be between 1.05 billion and 1.35 billion yuan, with a year-on-year reduction of 48.70% to 60.10% [1][3]. - The improvement in performance is attributed to the recovery in polysilicon prices, optimization of cost control, and changes in asset impairment factors [1]. Group 2: Company Announcements Summary - Daqo Energy plans to engage in commodity hedging for polysilicon in 2026, with a maximum margin and premium not exceeding 500 million yuan, funded by its own resources [2][3]. - The hedging period is set to be effective for 12 months from the date of board approval, specifically from January 13, 2026, to January 12, 2027 [2]. - The purpose of this hedging activity is to mitigate price volatility risks and enhance operational stability, without speculative intentions [2].