TRINA(SH:688599) Zhong Guo Jing Ying Bao·2026-01-26 08:41Core Viewpoint - Trina Solar (688599.SH) has announced a restrictive stock incentive plan and employee stock ownership plan for 2026, with performance assessment indicators set for the years 2026 to 2028, emphasizing confidence in the company's long-term development potential and intrinsic value [2][4]. Performance Assessment Targets - The performance assessment targets for the incentive plan are as follows: - For the first vesting period in 2026, the net profit must not be less than 200 million yuan [3]. - For the second vesting period in 2027, the net profit must not be less than 3.2 billion yuan, or the cumulative net profit for 2026-2027 must not be less than 3.4 billion yuan [3]. - For the third vesting period in 2028, the net profit must not be less than 6.2 billion yuan, or the cumulative net profit for 2026-2028 must not be less than 9.6 billion yuan [3]. Industry Context - Trina Solar's performance targets come amid a challenging backdrop for the photovoltaic industry, which has seen widespread losses. The company previously forecasted a net loss of 6.5 billion to 7.5 billion yuan for the year 2025, indicating a potential turnaround in the industry [4]. - The company believes that with the gradual recovery of the photovoltaic industry and rapid growth in its energy storage and system solutions businesses, it can achieve performance recovery ahead of the industry [4]. Market Reaction - As of January 26, Trina Solar's stock price was reported at 20.62 yuan per share, reflecting a decline of 1.29%, with a total market capitalization of approximately 48.3 billion yuan [5].