PVTIME – On 22 August, Trina Solar (SH: 688599) released its half-year report for 2025, reporting operating revenue of RMB 31.056 billion for the first half of the year, which is a 27.72% decrease compared with the same period last year. The company also reported a net loss attributable to shareholders of RMB 2.918 billion, representing a year-on-year shift from profitability to loss, while net loss excluding extraordinary items (attributable to shareholders) stood at RMB 2.956 billion, reflecting a similar shift from profit to loss over the same period. Basic earnings per share were -RMB1.34, down from RMB0.24 per share in the first half of 2024.
In its financial filing, Trina Solar noted that it had retained the core competitiveness of its photovoltaic module business during the reporting period, with module sales continuing to grow year-on-year. However, the company explained that profitability in the module segment had declined due to imbalances in the industry’s supply and demand, as well as persistently low market prices for photovoltaic products. These factors resulted in an operating loss for the first half of the year.
In terms of shipments, Trina Solar delivered over 32 GW of modules in the first half of 2025. A key milestone was reached by the end of June 2025, with the company’s cumulative shipments of 210 mm modules surpassing 200 GW and thus consolidating its position as an industry leader. Additionally, Trina Solar’s energy storage business achieved cumulative shipments of over 12 GWh by 30 June 2025.
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