TRINA(SH:688599) Zhi Tong Cai Jing·2026-01-19 13:23Core Viewpoint - Tianhe Solar (688599.SH) anticipates a net loss attributable to shareholders of the parent company ranging from 6.5 billion to 7.5 billion yuan for the fiscal year 2025 due to ongoing challenges in the photovoltaic industry and rising costs of key raw materials [1] Industry Summary - The photovoltaic industry continues to face a phase of supply-demand imbalance, with low operating rates across various segments of the supply chain and intensified market competition [1] - International trade protection policies have further pressured the prices of photovoltaic products, which have generally declined compared to the same period last year [1] - Despite a gradual increase in photovoltaic product prices in the second half of the year due to industry efforts to combat internal competition, the profitability of the company's component business has decreased compared to the previous year due to rapid increases in costs of key raw materials such as silicon and silver paste [1] Company Summary - The company is proactively seizing opportunities in the energy storage sector, accelerating the transformation and development of its energy storage and system solutions business [1] - The company is increasing its investment in research and development and expanding its global marketing network [1] - The overseas market shipment volume of the company's energy storage business has seen rapid growth, significantly enhancing its market share [1]