新华财经上海7月21日电（记者 郭慕清）当大多数光伏企业仍在周期底部徘徊时，爱旭股份 （600732.SH）以一份"扭亏"成绩单，为行业带来了新的曙光。公司财报近日披露，2025年第二季度实 现归母净利润0.2亿至1.3亿元，成为本轮行业调整中首家率先单季扭亏为盈的链主企业。 数据显示，2024年同期，爱旭半年亏损高达17.4亿元。尽管上半年仍有1.7亿至2.8亿元亏损，但二季度 的盈利，标志着公司已迎来穿越周期的拐点。 在被问及二季度盈利原因时，爱旭股份董秘李斌表示，二季度公司ABC组件产销两旺，并根据市场情 况及时优化组件出货结构，通过深耕欧洲、日韩、澳新等市场，海外销售占比显著提升。公司ABC产 品在瑞士、捷克、英国等欧洲重点国家的市占率持续领先，渠道合作不断深化。凭借高溢价户用产品， 公司毛利率整体提升明显。基于旺盛的客户订单，规模化效应逐渐显现，单位生产成本较同期大幅下 降，已接近行业主流竞品水平。 这一变化直接反映在现金流上。实际上从今年一季度开始，公司上半年经营性现金流回正，库存开始下 行。数据显示，在今年一季度，公司经营活动现金流入为7.2亿元，是其连续四个季度净流出后的首次 转正，一季度公司 ...

Core Viewpoint - The company aims to improve its operational efficiency and maintain a competitive edge in the photovoltaic industry despite intense competition and challenges faced by enterprises in 2023 [3][4]. Financial Performance - In Q1 2025, the company reported a revenue of 4.136 billion yuan and a net profit attributable to shareholders of -300 million yuan, with a positive operating cash flow of 716 million yuan, showing significant improvement compared to the same period in 2024 [3]. Technological Advancements - The company showcased its ABC full-screen components at the Shanghai SNEC Photovoltaic Exhibition, achieving a maximum power output of 800W to 810W and a conversion efficiency of 25% [4]. - The company aims to enhance BC battery efficiency to over 28% and module efficiency to over 26% within three years, utilizing advanced techniques and materials [4]. - The company is focusing on improving the bifacial rate of its products, currently at around 75%, with a target of reaching 80% by the end of the year [4][5]. Market Strategy - The company is prioritizing high-value markets and is selective in accepting orders, maintaining an order fulfillment rate of 80% to 90% [6]. - The company is shifting towards a consumer-oriented approach in the photovoltaic sector, emphasizing efficiency, reliability, aesthetics, and smart technology [6]. Operational Efficiency - The company aims to reduce inventory turnover to less than 30 days, including shipping time, by enhancing management efficiency [7]. Cost Competitiveness - The company has achieved significant cost reductions in BC technology, making its products competitive in the market, with a focus on innovative manufacturing processes and materials [8][9]. - The company has successfully localized and scaled the majority of raw materials for N-type BC technology, achieving lower costs per watt compared to TOPCon technology [9]. Global Expansion - The company is pursuing a global and localized strategy, with a goal of achieving 65% of sales from overseas markets and 35% from domestic markets [9].