TRINA(SH:688599) Ge Long Hui A P P·2026-01-20 05:23Core Viewpoint - Trina Solar (688599.SH) experienced a nearly 8% decline, closing at 17.56 yuan, with a total market capitalization of 41.14 billion yuan. The company announced an expected net loss attributable to shareholders of 6.5 billion to 7.5 billion yuan for the fiscal year 2025 due to ongoing challenges in the photovoltaic industry [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. Increased market competition and ongoing international trade protection policies have put pressure on photovoltaic product prices, which have generally declined compared to the same period last year [1] - Although there has been a gradual increase in photovoltaic product prices in the second half of the year due to efforts to mitigate internal competition within the industry, the rapid rise in costs of key raw materials such as silicon and silver paste has negatively impacted the profitability of the company's module business compared to the previous year [1] Company Summary - Trina Solar anticipates a continued loss in operating performance for the fiscal year 2025, reflecting the challenges faced in the industry. The company is also conducting impairment tests on long-term assets showing signs of impairment, which will lead to the recognition of asset impairment provisions in accordance with accounting standards, further affecting its performance [1]