对于本期业绩亏损的主要原因，隆基绿能表示，2025年，光伏行业供需错配、低价内卷式竞争持续，开 工率维持低位，同时国内电力市场化改革不断深入，海外贸易壁垒持续加剧，光伏企业经营环境严峻复 杂。四季度银浆、硅料成本大幅上涨，显著推升了硅片、电池及组件产品成本，使得企业经营进一步承 压。受制于产品价格持续低迷和成本压力，2025年度公司经营业绩仍然亏损。 北京商报讯（记者 王蔓蕾）1月18日，隆基绿能（601012）发布2025年度业绩预告显示，公司预计2025 年度实现归属于上市公司股东的净亏损为60亿元到65亿元。 ...

公告称，2025年，光伏行业供需错配、低价内卷式竞争持续，开工率维持低位，同时国内电力市场化改 革不断深入，海外贸易壁垒持续加剧，光伏企业经营环境严峻复杂。四季度银浆、硅料成本大幅上涨， 显著推升了硅片、电池及组件产品成本，使得企业经营进一步承压。受制于产品价格持续低迷和成本压 力，2025年度公司经营业绩仍然亏损。 隆基绿能（601012）(601012.SH)披露2025年度业绩预告，公司预计2025年度实现归属于上市公司股东 的净亏损为60亿元到65亿元。预计2025年度实现归属于上市公司股东的扣除非经常性损益的净亏损为68 亿元到74亿元。 ...

Core Viewpoint - Longi Green Energy (601012.SH) expects a net loss attributable to shareholders of 6 to 6.5 billion yuan for the fiscal year 2025, with a net loss excluding non-recurring items projected to be between 6.8 to 7.4 billion yuan [1] Industry Summary - The photovoltaic industry is facing a mismatch in supply and demand, with ongoing low-price competition and low operating rates expected to persist in 2025 [1] - Domestic electricity market reforms are deepening, while overseas trade barriers are intensifying, creating a challenging operating environment for photovoltaic companies [1] Company Summary - In Q4, the significant increase in silver paste and silicon material costs has notably raised the costs of silicon wafers, batteries, and module products, further pressuring the company's operations [1] - Due to continued low product prices and cost pressures, the company's operational performance is expected to remain in the red for 2025 [1] - The company is focusing on high-value, scenario-based solutions to create a differentiated competitive advantage, maintaining a leading market share in module products [1] - The company has achieved expected yields for its second-generation high-efficiency BC products and is successfully scaling up production with rapid shipment growth [1] - The pilot test for the technology replacing silver paste with cheaper metals has been completed, and the company has begun scaling up production capacity [1] - The company is optimizing its global business layout in response to international trade conditions and enhancing its system solution capabilities through coordinated solar and storage strategies [1] - Continuous efforts are being made to improve organizational efficiency and strengthen sustainable development resilience [1]