Qianjing Landscape(SH:603778) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-21 04:55Core Viewpoint - Guosheng Technology (603778.SH) has experienced a significant decline in stock price, with a five consecutive trading limit down, closing at 16.37 yuan per share and a total market value of 10.749 billion yuan. The company has issued a profit warning, projecting a net loss of 325 million to 650 million yuan for 2025 due to structural overcapacity in the photovoltaic industry and ongoing price pressures [2][3]. Company Performance - The company has seen its main business revenue decrease and profitability decline, with a projected net profit attributable to shareholders ranging from -325 million to -650 million yuan for 2025 [2]. - Guosheng Technology has reported negative net profits for six consecutive years since 2020, with the asset-liability ratio increasing from 28.96% in 2020 to 70.52% by the end of September 2025, indicating a challenging path to profitability [3]. Market Reaction - Following the profit warning, the stock price has faced significant selling pressure, with over 1.22 million sell orders at one point. The stock's price had previously surged over seven times since October of the previous year, leading to concerns about market overheating and irrational speculation [2]. - The Shanghai Stock Exchange has intervened due to abnormal trading behaviors affecting normal trading order, resulting in regulatory measures against certain investors [2]. Business Strategy - Guosheng Technology, originally focused on landscaping, has attempted to pivot into the photovoltaic sector since September 2022 but has not managed to reverse its losses. The company has also announced plans to enter the solid-state battery and lithium battery structural component markets in 2025 [3].