晶科能源2025年净利亏损67.86亿元，同比转亏

Core Viewpoint - JinkoSolar reported a significant decline in revenue and a net loss for the year 2025, primarily due to price fluctuations in the global photovoltaic industry and trade protection policies in overseas markets [1] Financial Performance - The company achieved total operating revenue of approximately 65.492 billion yuan, a decrease of 29.18% compared to the same period last year [1] - The net profit attributable to the company was approximately -6.786 billion yuan, marking a shift to a loss year-on-year [1] Industry Context - The global photovoltaic industry is experiencing increased price volatility, which has put pressure on the profitability of various segments within the solar module integration process [1] - The overall price of photovoltaic modules remains low, and the company's high-power product shipment ratio is still relatively low [1] Asset Management - The company conducted impairment testing on long-term assets showing signs of impairment and will recognize asset impairment provisions according to accounting standards, which will have a certain impact on performance [1]