Qianjing Landscape(SH:603778) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-21 05:10Core Viewpoint - Guosheng Technology (603778.SH) has experienced a significant decline in stock price, with a five-day limit down, attributed to poor performance forecasts in the photovoltaic industry and ongoing structural oversupply issues [1][2] Group 1: Company Performance - Guosheng Technology's stock price fell to 16.37 yuan per share, with a total market capitalization of 10.749 billion yuan, and a sell order exceeding 1.22 million shares [1] - The company forecasts a net profit attributable to shareholders of between -325 million yuan and -650 million yuan for 2025, indicating a decline in main business revenue and profitability [1][2] - Since 2020, Guosheng Technology has reported negative net profits for six consecutive years, with the debt-to-asset ratio increasing from 28.96% in 2020 to 70.52% by the end of September 2025 [2] Group 2: Industry Context - The photovoltaic industry is facing structural oversupply and persistent supply-demand conflicts, leading to continued low prices for components [1] - Guosheng Technology has attempted to diversify by entering the solid-state battery and lithium battery component sectors, but has struggled to reverse its losses [2]