Jingao Technology has unveiled its 2025 annual performance forecast, revealing an expected net loss ranging from 4.5 to 4.8 billion yuan. Although the company has managed to retain a dominant position within the industry concerning battery module shipments, several factors have contributed to a decline in both the average selling price and the profitability of its modules. These factors include the surge in production capacity across the main photovoltaic industry chain, an imbalance between supply and demand, heightened competition, a drop in product prices, and the implementation of international trade protection policies. As a result, the company has experienced a cyclical downturn in its operating performance.
