隆基绿能发预亏，预计2025年度归母净亏损60亿元到65亿元

Core Viewpoint - Longi Green Energy (601012.SH) expects a net loss attributable to shareholders of 6 billion to 6.5 billion yuan for the year 2025, with a net loss excluding non-recurring items projected to be between 6.8 billion and 7.4 billion yuan [1] Industry Summary - The photovoltaic industry is facing a mismatch between supply and demand, with ongoing low-price competition leading to sustained low operating rates [1] - The deepening of domestic electricity market reforms and increasing overseas trade barriers are contributing to a challenging and complex operating environment for photovoltaic companies [1] - In the fourth quarter, significant increases in silver paste and silicon material costs have notably raised the costs of silicon wafers, batteries, and module products, further pressuring company operations [1] - The company continues to experience losses in 2025 due to persistently low product prices and cost pressures [1]