通威股份发预亏，预计2025年归母净亏损90亿元至100亿元

Core Viewpoint - Tongwei Co., Ltd. (600438.SH) expects a net loss attributable to shareholders of the parent company between 9 billion to 10 billion yuan for the year 2025, reflecting a significant operational challenge in its business segments [1] Group 1: Financial Performance - The company anticipates a net loss of approximately 7.5 billion to 8 billion yuan from operations for the reporting period, which represents an increase in operational losses of about 1.2 billion to 1.7 billion yuan compared to the previous year [1] - The industrial silicon business is expected to exacerbate the net profit loss attributable to shareholders by approximately 900 million yuan due to capacity ramp-up and ongoing low market prices [1] - Despite a decline in sales volume and average selling price in the polysilicon business, the company managed to reduce operational losses by about 600 million yuan year-on-year, aided by optimized production rates and improved production processes [1] Group 2: Business Segment Analysis - The battery and module business has seen a further decline in average selling prices due to market conditions, contributing to an increase in net profit loss attributable to shareholders by approximately 1.2 billion yuan [1] - The photovoltaic power station, feed, and industrial chain businesses are performing steadily, continuing to contribute profits to the company [1]