On August 31, Atlas said in its disclosed record of investor relations activities in August that the photovoltaic industry is still in a period of deep adjustment, and capacity clearance is expected to continue for some time. In the first half
of 2026, the company achieved a total operating income of 12.784 billion yuan, down 39.27% from the same period last year ; Net profit attributable to parent company was RMB300 million, representing a year-on-year decrease of 59. During the reporting period, the photovoltaic industry continued to be under pressure, and the Company took the initiative to shrink production capacity in order to adhere to the principle of profit priority. Photovoltaic " In addition, price competition in the photovoltaic industry chain still existed during the reporting period. The increase in amortization of fixed costs brought about by the company's active contraction and the increase in the cost of upstream materials for energy storage have led to a squeeze on gross profit. Business adjustment in the United States is in a transitional period, which has a phased impact on the company's operating performance.
Atlas believes that the overall operating environment of the photovoltaic industry is still grim, and the industry is still in a period of deep adjustment. Atlas judges that China's photovoltaic installed capacity is expected to decline annually this year, and the global photovoltaic installed capacity is expected to decline for the first time in many years.
But it also said that at the bottom of the cycle, more and more positive signals are gradually emerging . With the upgrading of energy efficiency standards, the acceleration of technology iteration and the enhancement of industry self-discipline consensus, although the supply-demand relationship can not be restored to the level of supporting the overall improvement of industry profitability in the short term, the industry is gradually entering a new stage of supply-side adjustment.
In the future, with the new demand brought by technology iteration, supply-side adjustment and energy storage application, photovoltaic business will enter a stable state of development after a period of time. Capacity clearance is expected to continue for some time , and only companies that can differentiate themselves can achieve growth.
For the company's energy storage business, the company's large-scale energy storage system shipped 6.1G Wh in the first half of the year, an increase of more than 103 over the same period last year. The energy storage system business realized revenue 56. Energy storage has grown from the second growth curve to the "ballast stone" of Atlas's current revenue and profit.
The following is the full text:
I. Overview of Results for the First Half of 2026:
During the reporting period, the Company achieved an operating income of RMB12.784 billion. Net profit attributable to the shareholders of the listed company 3. The changes in the Company's results were mainly affected by the following factors: (1) The gross profit of the energy storage business was partially affected by the overall continuous pressure on the photovoltaic industry, and at the same time, the upstream material prices of the energy storage industry rose, and the intensified market competition led to a decline in prices; (2) The amortization of fixed costs increased due to the active contraction of the photovoltaic business; (3) The passive restructuring of the U.S. business had a transitional integration period, which had a short-term periodic impact on the company's operating performance in the first half of the year. From the perspective of the
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