On January 18, Tongwei Co., Ltd. announced that it expects a net loss attributable to shareholders of approximately RMB 9 billion to RMB 10 billion for 2025. During the reporting period, although the installed capacity of new photovoltaic projects increased year-on-year, the growth rate significantly slowed down in the second half of the year. The issue of industry oversupply has not been alleviated, and the operating rates across various segments of the industrial chain have declined. Meanwhile, the prices of core raw materials such as silver have continued to rise, while product prices have fallen year-on-year, resulting in significant operational pressure on the industry.
