Trina Solar (688599) Q3 2026 earnings summary

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.