TRINA(SH:688599) 2 1 Shi Ji Jing Ji Bao Dao·2026-01-26 08:16Core Viewpoint - Trina Solar (688599.SH) has announced a new stock incentive plan involving approximately 12.8 million restricted shares, targeting a performance assessment for net profits over the next three years, aiming to reverse previous losses [2][5][7]. Performance Assessment Goals - The performance targets set for the incentive plan include: - Net profit of no less than 200 million yuan in 2026 - Net profit of no less than 3.2 billion yuan in 2027 - Net profit of no less than 6.2 billion yuan in 2028 - Cumulative net profit of no less than 9.6 billion yuan from 2026 to 2028 [3][5][6]. Incentive Plan Details - The incentive plan involves 1,299 participants, including directors, senior management, and key technical personnel, with a total of 12.8 million shares allocated [5][6]. - The plan follows a pattern of introducing stock incentive plans every three years, with previous plans launched in 2020 and 2023 [6][7]. Financial Performance Context - Trina Solar is facing significant pressure to turn around its financial performance, having projected a loss of 6.5 billion to 7.5 billion yuan for the fiscal year 2025, which is an increase from the previous year's losses [9]. - The company attributes its challenges to supply-demand imbalances in the photovoltaic industry, increased competition, and rising costs of key raw materials [9]. Strategic Focus Areas - The company is focusing on diversifying its business, particularly in the energy storage sector, with a target of 8-10 GWh in shipments for 2025 and aiming to double that in 2026 [9][10]. - Trina Solar is also exploring opportunities in space photovoltaic products, collaborating with leading aerospace companies in Europe and the U.S. [10]. Market Reaction - Following the announcement of the performance assessment goals, Trina Solar's stock price fell by 1.26%, with a current market capitalization of 48.3 billion yuan [10].