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Trina Solar (688599) investor relations material
Trina Solar Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue was RMB 15.99bn, down 15.45% YoY; attributable net loss was RMB 1.67bn.
9M attributable net loss narrowed to RMB 1.94bn from RMB 4.20bn a year earlier, with RMB 2.16bn in non-recurring gains contributing to reported results.
9M operating cash flow rose to RMB 4.70bn from RMB 2.85bn, while cash and cash equivalents fell by RMB 5.00bn.
Financial highlights
9M revenue was RMB 47.98bn, down 3.99% YoY; total costs were RMB 51.07bn versus RMB 53.62bn.
9M total profit was a loss of RMB 2.10bn, compared with a loss of RMB 4.82bn in 9M 2025; attributable net loss was RMB 1.94bn versus RMB 4.20bn.
9M adjusted attributable net loss, excluding non-recurring items, was RMB 4.10bn; basic and diluted EPS were both -RMB 0.84.
9M operating costs included RMB 1.59bn of financial expenses, up from RMB 899.0m; asset impairment losses were RMB 1.04bn.
Outlook and guidance
Higher-value component orders, storage and distributed businesses, and system-solution transformation were cited as improving profitability and supporting period results.
- Revenue up 2.99% and net loss narrowed 90.75% year-over-year, with strong storage growth.688599
H1 2026 - 2025 saw a net loss of RMB -7.03 billion on revenue of RMB 66.98 billion, with no cash dividend.688599
H2 2025 - Revenue up 17.4% and net loss narrowed, driven by system products and energy storage growth.688599
Q1 2026 - Nine-month net loss reached RMB 4.20 billion amid falling revenue and industry headwinds.688599
Q3 2025 - Revenue down 27.7% and net loss of ¥2.92B as PV prices fell, despite shipment growth.688599
H1 2025 - Revenue and profit plunged in Q3 2024 as photovoltaic module prices dropped sharply.688599
Q3 2024 - Net profit plunged 85% on lower PV prices, but module shipments grew 25% to 34GW.688599
H1 2024 - Sharp revenue decline and net loss driven by falling component prices and industry challenges.688599
H2 2024 - Revenue fell 21% and net loss reached RMB 1.32 billion amid PV industry headwinds.688599
Q1 2025
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