29 December 2025 | 11:03AM CST Equity Research CHINA SOLAR: TRACKING PROFITABILITY INFLECTION Dec-25: Increasingly wait-and-see stance with a new round of price hike proposed Our China Solar Profitability Tracker follows monthly supply/demand and inventory dynamics by sub-sector, and the spot prices/input costs implied cash GP & EBITDA margin trends for companies under our coverage. Key highlights in Dec MTD: Goldman Sachs does and seeks to do business with companies covered in its research reports. As a re ...