Core Viewpoint - The company reported a decline in revenue and a net loss for the first half of 2025, but showed resilience in operations and significant growth in production capacity and efficiency [1][2]. Group 1: Financial Performance - The company achieved operating revenue of 7.694 billion yuan, a year-on-year decrease of 5.16% [1]. - The net profit attributable to shareholders was -327 million yuan, with the second quarter's net loss narrowing to approximately 129 million yuan, a reduction of nearly 34.8% compared to the first quarter [1]. Group 2: Production and Efficiency - The company shipped over 14 GW of modules and produced 7.63 GW of batteries, both showing a year-on-year growth of over 40% [1]. - Non-silicon costs were reduced by over 20% year-on-year, and per capita output efficiency improved by over 25% [2]. - The company has established over 30 GW of high-efficiency module capacity across its Hefei and Funing bases, along with 16 GW of high-efficiency TOPCon capacity at its Wuhu base, achieving industry-leading levels in product yield and inventory turnover [2]. Group 3: Research and Development - The company completed the technical upgrade of TOPCon products from 182N to 210R/210N, aligning with mainstream market demands for larger and higher power products [2]. - The company is accelerating the construction of the "GCL Global High-Efficiency Photovoltaic Cell R&D Center" and collaborating with top institutions to develop "crystalline silicon black technology" [3]. Group 4: Industry Outlook - The company anticipates that supply-side reforms in the photovoltaic industry will accelerate, leading to the elimination of outdated production capacity and optimization of supply structure [3]. - The company aims to enhance management efficiency and improve its financial structure to boost market competitiveness and industry influence [3].

协鑫集成表示，公司正加速建设"协鑫全球高效光伏电池研发中心"，联合顶尖院所打造"晶硅黑科技实 验室"，重点攻关GPC3.0量产工艺与叠层电池产业化，产学研融合夯实创新基础，为公司应对未来的光 伏产业技术竞争建立核心优势。 协鑫集成相关负责人表示，公司直面行业挑战，以战略定力锚定高质量发展航道，在复杂环境中展现出 强劲的经营韧性。2025年上半年，公司组件出货量超14GW，电池产量7.63GW，同比增长均超40%。公 告显示，上半年公司相继中标中广核1.5GW、华润电力1.81GW、武汉天源（301127）1.18GW、四川华 电767MW、宁夏交通建设700MW等大额组件采购订单，央国企大型项目中标规模稳居行业第三。 协鑫集成在公告中称，公司持续加强精细化管理、极致降本增效，其中非硅成本同比降低超20%，人均 产出效率提升超25%，费用管控成效显著。截至今年6月，公司已形成合肥基地+阜宁基地超30GW高效 组件产能以及芜湖基地16GW高效TOPCon产能，在产品良率、入库效率及非硅成本控制方面已达到行 业头部水平。自产电池及组件非硅成本、产能利用率、存货周转天数及现金周转效率行业领先，提升经 营效益，收窄亏损 ...