净亏超67亿元！光伏巨头晶科能源12年来首次亏损

Core Viewpoint - JinkoSolar has reported its first loss in 12 years, with a net loss of 6.786 billion yuan for the fiscal year 2025, a significant decline of 6959.50% compared to the previous year [1] Group 1: Company Performance - For the fiscal year 2025, JinkoSolar achieved total revenue of 65.492 billion yuan, a decrease of 29.18% year-on-year [1] - The company has been profitable since 2013, with a peak net profit of 7.44 billion yuan in 2023, followed by a drop to 98.9276 million yuan in 2024 [1] - The loss in 2025 is attributed to intensified price fluctuations in the global photovoltaic industry, trade protection policies in overseas markets, and low profitability across the integrated photovoltaic component supply chain [1] Group 2: Industry Context - The photovoltaic industry is experiencing a "winter" phase due to overcapacity and ongoing price wars, leading to losses for multiple companies [2] - Trina Solar reported a revenue of 67.279 billion yuan for 2025, down 16.20% year-on-year, with a net loss of 6.994 billion yuan, compared to a loss of 3.443 billion yuan the previous year [2] - Approximately 60% of listed companies in the photovoltaic supply chain continue to report losses, while half show signs of performance recovery [3]