Tianhe Solar Energy: Loss of 6.994 billion yuan in 2025.

Tianhe Solar released its performance report, showing that the company achieved a total operating income of 67.279 billion yuan in 2025, a year-on-year decrease of 16.20%; the net profit was a loss of 6.994 billion yuan, compared to a loss of 3.443 billion yuan in the same period last year. During the reporting period, the solar industry still faced a temporary imbalance between supply and demand, with the capacity utilization rate of various links in the industry chain remaining low, market competition intensifying, and ongoing impacts from international trade protection policies. In the first half of the year, the prices of solar products were generally under pressure compared to the same period last year; although the prices of solar products gradually increased in the second half of the year under the promotion of industry anti-dumping efforts, the company's component business profitability for the whole year declined compared to the same period last year due to the rapid increase in costs of key raw materials such as silicon wafers and silver paste. The company's operating performance for 2025 still resulted in a loss.