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Trina Solar
Trina Solar (688599) investor relations material
Trina Solar Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Revenue for Q3 2025 was RMB 18.91 billion, down 6.27% year-over-year; nine-month revenue was RMB 49.97 billion, down 20.87% year-over-year.
Net loss attributable to shareholders for Q3 was RMB -1.28 billion; nine-month net loss was RMB -4.20 billion.
Basic and diluted EPS for the nine-month period was -1.95 RMB.
Financial highlights
Gross margin and profitability declined sharply due to persistent low prices in the photovoltaic product market and weakened component business profitability.
Operating cash flow for the nine-month period was RMB 2.85 billion, down 25.5% year-over-year.
R&D investment for the nine-month period was RMB 3.21 billion, down 25.55% year-over-year, representing 6.42% of revenue.
Total assets at quarter-end were RMB 123.83 billion, nearly flat from year-end 2024.
Shareholders’ equity decreased 16.87% to RMB 21.93 billion.
Outlook and guidance
Management attributes losses to supply-demand imbalance and sustained low prices in the solar industry, with no explicit forward guidance provided.
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Latest events from Trina Solar
- Sharp revenue decline and net loss driven by falling component prices and industry challenges.688599
H2 202422 Dec 2025 - Revenue down 27.7% and net loss of ¥2.92B as PV prices fell, despite shipment growth.688599H1 202519 Dec 2025
- Revenue and profit plunged in Q3 2024 as photovoltaic module prices dropped sharply.688599Q3 202413 Jun 2025
- Net profit plunged 85% on lower PV prices, but module shipments grew 25% to 34GW.688599H1 202413 Jun 2025
- Revenue fell 21% and net loss reached RMB 1.32 billion amid PV industry headwinds.688599Q1 20256 Jun 2025
Next Trina Solar earnings date
H2 202530 Apr, 2026
Trina Solar
Next Trina Solar earnings date
H2 202530 Apr, 2026
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