First drop in listing, first loss in 10 years … Performance disclosure of 7 large photovoltaic factories!

2026-02-27 17:33:31

On the evening of February 26, seven photovoltaic companies released their annual performance reports for 2025, involving silicon materials, battery components, equipment and auxiliary materials, showing a general decline in the overall chain revenue and a decline in net profit.

On the evening of February

26, seven photovoltaic companies released their annual performance reports for 2025, involving silicon materials, batteries silicon materials link-Daquan Energy

2025." Daqo Energy achieved a total revenue of 4.839 billion yuan, a year-on-year decrease of 34.71%; the net profit loss attributable to the parent company was 1.129 billion yuan, a year-on-year decrease ; In

2025, the unit sales price of Daquan Energy Polysilicon was 37.7 yuan/kg, down 7.33% from the same period last year; The unit cost was RMB48.55/kg , representing a year-on-year increase of 4.54%, and the unit cash cost was RMB35.53/ kg, representing a year-on-year decrease of 8.

In 2025, the unit cost and unit cash of silicon materials of Daqo Energy showed a downward trend as a whole. Since the second half of last year, the sales price has also rebounded to a certain extent, stabilizing at more than 41 yuan/kg.

the annual output of polysilicon in 2026 will be 140000 to 170000 tons. In the first quarter, the output of polysilicon was 3.

In

2025 , Trina Solar achieved a total revenue of 67.279 billion yuan, down 16.2% from the same period last year; The net profit loss was 6 billion 994 million yuan, and the loss margin increased year on year;

It can be calculated that Trina Solar achieved a revenue of 17.309 billion yuan in the fourth quarter of 2025, with a net profit loss of 27

. Trina Solar said that during the reporting period, the PV industry was still facing a periodic imbalance between supply and demand. In the first half of the year, the price of PV products was under pressure, and in the second half of the year, it was affected by silicon materials,

At the same time, Trina Solar said it would accelerate the transformation and development of energy storage business and system solutions business, continue to increase investment in R & D and innovation, and accelerate the expansion of global marketing network layout.

It is worth noting that in 2024-2025, Trina Solar lost a total of 10.437 billion yuan . Close to the profit earned by the company in 2021-2023 (Note: the total net profit of Trina Solar in these three years is 110.

Equipment links-Otway, Laplace, high measurement shares, Liancheng CNC

achieved a total revenue of 6.422 billion yuan in 2025 , down 30.34% from the same period last year; Net profit was 444 million yuan, down 64.72% year on year; Net profit after deduction was 401 million yuan, a decrease of 67.

Therefore, in the fourth quarter of 2025, Ottway realized revenue of 1.75 billion yuan. Net profit is 0.

Digital New Energy DataBM.

In 2025 , Laplace achieved a total revenue of 5.459 billion yuan. The net profit attributable to parent company was 612 million yuan, down 16.07% year on year; Non-net profit was 494 million yuan, down 18 from the same period last year.

Therefore, the company achieved revenue of 1.138 billion yuan and net profit of 0.2025

in the fourth quarter. Gaoce achieved a total revenue of RMB3.65 billion, representing a year-on-year decrease of 18.43% , and a net profit loss attributable to parent company of RMB0.70 million.Net loss after deduction of non-attributable profit 1. Year-on-year loss increased.

Therefore, in the fourth quarter of 2025 , the high measurement shares realized revenue of 1.219 billion yuan, and the net return to the mother was 0.Liancheng

CNC realized total revenue of 2.186 billion yuan in 2025. The net profit attributable to the parent company was RMB78 million, representing a year-on-year decrease of 77.01% ; The net profit deducted from non-return to the parent company was 0.21 billion yuan, down 92 from the same period last year.

Net profit loss 0.

Auxiliary materials link-CITIC Bo

2025 CITIC Bo achieved a total revenue of 6.852 billion yuan, down 24.09% from the same period last year; The net profit loss attributable to the parent company was 10 million yuan, turning from profit to loss year on year; In the fourth quarter of

2025, the company achieved a revenue of 1.474 billion yuan and a net profit loss of 1.

Digital New Energy DataBM.

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