新华财经北京1月27日电近日，双良节能发布的2025年度业绩预告显示，2025年公司归母净利润为亏损 7.8亿元到10.6亿元，同比2024年大幅减亏。从行业业绩预告整体情况来看，光伏行业多家企业2025年第 四季度出现亏损，业内认为与光伏行业四季度的淡季特征相关。 对比此前已披露业绩预告的光伏行业龙头企业，头部企业亏损额处于40亿至100亿元区间，双良节能同 期亏损规模相对较小，核心原因或是公司硅片业务具备成本竞争优势。公司在零碳园区、核心装备、新 兴赛道布局等领域的突破进展，为长期增长注入了动能，同时，传统光伏板块与绿氢等新兴赛道的协同 发力也进一步巩固了增长基础。 多领域突破注入增长动能 此外，公告显示双良节能在报告期内计提了固定资产减值准备，这可能也是公司四季度出现亏损的重要 因素。在业绩改善的背后，公司在零碳园区、核心装备、新兴赛道布局等领域的突破进展，叠加行业政 策与市场利好，为长期增长注入了动能，也进一步提升了市场信心。 作为数字化驱动的全生命周期碳中和解决方案服务商，双良节能的零碳园区整体解决方案已获得行业认 可。近期，包头稀土高新区国家级零碳园区建设推进会选址双良新能源光伏产业园，标志着公司 ...

1月23日，双良节能系统股份有限公司发布2025年度业绩预告，公司整体亏损幅度显著收窄。从行业业 绩预告整体情况来看，光伏行业多家企业2025年第四季度出现亏损，业内认为应与光伏行业四季度的淡 季特征相关。对比此前已披露业绩预告的光伏行业龙头企业，头部企业亏损额处于40亿至100亿元区 间，双良节能同期亏损规模相对较小，核心原因应是公司硅片业务具备成本竞争优势。此外，公告显示 双良节能在报告期内计提了固定资产减值准备，此举充分体现公司财务操作的谨慎性原则，而该项计提 也应是公司四季度出现亏损的重要因素。在业绩改善的背后，公司在零碳园区、核心装备、新兴赛道布 局等领域的突破进展，叠加行业政策与市场利好，正为长期增长注入强劲动能，进一步提升了市场信 心。 转自：新华财经 作为数字化驱动的全生命周期碳中和解决方案服务商，双良节能的零碳园区整体解决方案已获得行业高 度认可。近期，包头稀土高新区国家级零碳园区建设推进会选址双良新能源光伏产业园，标志着公司在 国家级零碳园区建设中的重要地位。该产业园已建成 24MW 屋顶光伏绿电直联项目并成功并网， 30MW绿电直联项目及600MW国电风光储绿电直供项目预计2026年实现 ...

Core Viewpoint - Shuangliang Energy is raising up to 1.292 billion yuan through a private placement to fund projects related to zero-carbon intelligent manufacturing, green hydrogen equipment, R&D, and working capital, as it seeks to pivot towards hydrogen energy amid challenges in the photovoltaic industry [1][4][6]. Group 1: Financial Performance - As of September 30, 2025, the company reported cash reserves of 4.335 billion yuan, yet it still aims to raise 1.292 billion yuan [4]. - The company experienced a 41.27% year-on-year decline in revenue for Q3, totaling 6.076 billion yuan, and reported a net loss of 544 million yuan [4]. - Despite a quarterly profit of 53.18 million yuan in Q3, the overall performance remains weak due to reduced sales in photovoltaic products [4][6]. Group 2: Debt and Financing Strategy - The company's debt ratio has been increasing, with figures of 68.49% in 2022 and 81.91% by September 2025, indicating rising financial pressure [6]. - The planned fundraising will allocate 493 million yuan for a zero-carbon manufacturing facility, 200 million yuan for green hydrogen equipment production, 214 million yuan for R&D, and 385 million yuan for working capital [6]. Group 3: Hydrogen Energy Focus - Shuangliang Energy has been involved in the hydrogen energy sector since 2018 and officially entered the market in 2022, achieving significant production capacity [9]. - The hydrogen business has seen explosive growth in 2025, with order amounts exceeding 800 million yuan, a 300% increase year-on-year [9]. - The company secured a contract for hydrogen equipment for a green ammonia project in Oman and a 450 million yuan contract for a green hydrogen system [9].

Core Viewpoint - The SNEC PV+ 2025 International Photovoltaic and Energy Storage Conference in Shanghai highlighted the importance of zero-carbon parks as a key strategy for industrial carbon neutrality, with Double Good Energy showcasing its comprehensive zero-carbon park solutions and signing a 450 million yuan contract for green hydrogen systems [2][5]. Group 1: Zero-Carbon Park Solutions - Double Good Energy presented its zero-carbon park solutions, which include a customized "solar-hydrogen-storage" system that utilizes rooftop solar power for direct supply, green hydrogen production for industrial use, and energy storage for grid peak shaving [3][4]. - The company aims to enhance energy efficiency through over 40 years of energy-saving technology, utilizing electric cooling, heat pumps, and waste heat recovery [3][4]. - The zero-carbon park solutions are supported by Double Good Energy's leading capabilities in photovoltaic modules, with over 65% market share in polysilicon reduction furnaces and nearly 100 GW capacity in monocrystalline silicon wafers [3][4]. Group 2: Green Hydrogen Production - Double Good Energy has established a 5 GW electrolyzer manufacturing base and developed the world's largest single hydrogen production alkaline water electrolyzer with a capacity of 5000 Nm³/h [4][5]. - The company signed a 450 million yuan contract to provide a green hydrogen production solution with a capacity of 72,000 Nm³/h for the Hongyang Fuhai project, marking a significant industry milestone [5]. Group 3: Energy Efficiency and Management - The centralized immersion liquid cooling system for energy storage applications achieves over 50% energy savings and maintains temperature control within ±0.2°C, enhancing battery safety and lifespan [4]. - Double Good Energy's energy management platform utilizes AI to analyze energy and carbon data in real-time, optimizing energy use and management across the park [5][6]. - The company's products and solutions have been well-received in over 100 countries, including Southeast Asia, the Middle East, and Europe, and have led to strategic partnerships with various international firms [5][6].