TRINA(SH:688599) Xin Lang Cai Jing·2026-01-19 11:01Core Viewpoint - The company Tianhe Solar (688599.SH) is expected to report a significant net loss for the year 2025, with projections indicating a net profit attributable to shareholders of the parent company ranging from -7.5 billion to -6.5 billion yuan [1] Financial Performance - The company anticipates a net profit attributable to shareholders, excluding non-recurring gains and losses, to be between -7.9 billion and -6.9 billion yuan for the year 2025 [1] - The company's profitability in its component business has declined compared to the previous year due to rising costs of key raw materials such as silicon and silver paste [1] Industry Context - The photovoltaic industry continues to face a phase of supply-demand imbalance, with low operating rates across various segments of the industry and intensified market competition [1] - The prices of photovoltaic products were under pressure in the first half of the year compared to the same period last year, although there was a gradual increase in prices in the second half due to industry efforts to combat internal competition [1] Asset Management - The company is conducting impairment tests on long-term assets showing signs of impairment, and will make provisions for asset impairment in accordance with accounting standards, which will have a certain impact on its performance [1]