HUAMIN(SZ:300345) Ge Long Hui A P P·2026-01-30 13:29Core Viewpoint - Huamin Co., Ltd. (300345.SZ) forecasts a net loss of 150 million to 190 million yuan for the fiscal year 2025, an improvement from a loss of 298 million yuan in the previous year [1] Financial Performance - The net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be a loss of 158 million to 198 million yuan, compared to a loss of 304 million yuan in the same period last year [1] - The company's operating revenue is expected to remain relatively stable, with operational performance showing a year-on-year reduction in losses [1] Industry Context - The photovoltaic (PV) sector continues to experience a phase of supply-demand imbalance, with major product prices remaining at relatively low levels [1] - Despite the challenges, the company has seen a year-on-year increase in new installed capacity in the PV sector [1] - The industry is witnessing a price recovery for PV products due to self-discipline in production cuts and the elimination of outdated capacity [1] Strategic Initiatives - The company is focusing on enhancing its core photovoltaic business and actively expanding into emerging business areas related to source-network-load-storage trends [1] - Increased investment in research and development, along with cost-reduction measures such as lean management across the entire supply chain, process innovation, and digital manufacturing upgrades, have led to a historical low in non-silicon costs [1] - Overall gross margin has improved as a result of these initiatives [1]