TONGWEI CO.,LTD(SH:600438) 智通财经网·2026-01-18 08:01Core Viewpoint - Tongwei Co., Ltd. (600438.SH) expects a net loss attributable to shareholders of the parent company for the year 2025, estimated between 9 billion to 10 billion yuan [1] Group 1: Financial Performance - The company anticipates a net loss of approximately 7.5 billion to 8 billion yuan due to operational reasons, which represents an increase in 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 losses by about 600 million yuan year-on-year through optimized operating rates and cost reduction efforts, achieving operational profitability in the second half of the year [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]