GCL Technology: Expected to have a loss of 4.5 billion to 4.8 billion yuan by 2025.

JinkoSolar Technology announced that it is expected to incur a net loss of RMB 4.5 billion to 4.8 billion attributable to shareholders of the listed company in 2025, compared to a loss of RMB 4.656 billion in the same period last year. After deducting non-recurring gains and losses, the net loss is expected to be between RMB 4.8 billion and 5.1 billion, compared to a loss of RMB 4.269 billion in the same period last year. Basic earnings per share are expected to be between RMB 1.37 and 1.46, compared to a loss of RMB 1.42 per share in the same period last year. Affected by the concentration of production capacity in various links of the photovoltaic industry chain in recent years, leading to a temporary imbalance of supply and demand, the industry competition continues to intensify. The prices of major products in various links are under pressure compared to the overall decline in the same period, and international trade protection policies have intensified, leading to a year-on-year decline in the average selling price and profitability of the company's components.