天合光能 20250823 摘要 天合光能 2025 年上半年组件出货 32GW，二季度约 17GW，每瓦经营 性亏损约 8 分钱；储能业务上半年出货 1.7GWh，二季度 1.4GWh，首 次实现净利润扭亏为盈，预计全年出货超 8GWh，美国市场未来订单近 1GWh。 光伏行业面临政策变化，包括反不正当竞争法修订等，旨在规范竞争秩 序，打击低价销售和虚假营销，推动头部企业合作破除内卷，预示下半 年光伏产业链价格将全面提升。 天合光能在 Topcon 技术上已完成开发，组件功率与 BC 正面功率相当； HJT 方面，电池效率达 26.1%，保持大面积异质结正面效率 27.08%的 世界纪录；IBC 电池效率达 26.8%，正攻关 HBC 技术，未来发展方向 是叠层电池技术。 天合光能在叠层电池领域连续创造大面积电池 31.1%和 32.2%的世界 纪录，突破 1,185 平方厘米实验室叠层电池组件，效率达 30.6%，并 制造了全球首块 3.1 平方米最大尺寸的钙钛矿晶体硅两端叠层电池组件。 Q&A 天合光能在 2025 年上半年的主要财务表现如何？ 2025 年上半年，天合光能实现营业收入 310.1 亿元 ...

Group 1 - Longi Green Energy has made significant progress in the research of new organic self-assembled molecular materials (SAM) and silicon-perovskite tandem devices, achieving an open-circuit voltage close to 2.0V and a certified efficiency of 34.6% for silicon-perovskite tandem solar cells [1] - The research results were published in the international academic journal "Nature" on July 7, 2025, highlighting the importance of the new SAM material development and further efficiency enhancement of silicon-perovskite tandem cells [1] - The company previously collaborated with the Changchun Institute of Applied Chemistry to develop a novel organic self-assembled molecule with excellent charge carrier transport capabilities and structural stability, leading to significant advancements in efficiency and stability for perovskite solar cells [1] Group 2 - Longi's tandem team has published three top academic articles, showcasing the creation of world record efficiencies of 33.9%, 34.2%, and 34.6% through innovative strategies and materials [2] - The collaboration between Longi Green Energy and academic institutions like Suzhou University and the Changchun Institute of Applied Chemistry demonstrates a successful model of industry-academia cooperation aimed at addressing critical issues in tandem solar cell development [2] - The core materials and processes developed include the upper interface double-layer staggered passivation strategy, D-A type high-stability SAM materials, and asymmetric SAM hole transport materials [2]