Trina Solar invested 40 million shares in film enterprises! Component losses are expected to narrow in the second half of the year!

On October 15, Trina Solar announced that. Intends to transfer 3,274,016 shares of Changzhou Baijia Era Thin Film Technology Co., Ltd. (Hereinafter referred to as "Baijia Era") held by Jiangsu Baixing Industrial Investment Group Co., Ltd. with its own capital of RMB 40 million. 1.

As Wu Weizhong, the surviving shareholder of Parknshop Era, is the younger brother of the spouse of Gao Jifan, the actual controller of Trina Solar, this transaction constitutes a connected transaction. The transaction will be paid in full by Trina Solar within 15 working days after receiving the payment notice that meets the requirements.

For the transfer of shares of Baijia Age Company, Trina Solar said that it is an important measure to implement the strategic layout of the company's industrial chain, to achieve long-term value win-win through the construction of in-depth industrial cooperation, and to help the company develop steadily and sustainably. Founded in September 2007

, Baijia Age's business scope covers special modified polymer film, BOPET film, EVA film, card protection film, solar cell backplane film and solar cell backplane.

On the day of the announcement of the above equity transaction, Trina Solar also issued a record of investor relations activities for the performance presentation. Zhao Chunguang, the independent director of the company, Wu Qun, the secretary of the board of directors, and the investor relations team participated in the reception. In this exchange, Trina Solar responded to the company's management, products and other issues.

Trina Solar said that in the first half of 2026, as the price of precious metals fell from a stage high, the company strengthened cost control, and the company " for the second half of 2026, the company said, In the second half of 2026, with the company TopCon3. At the same time, "the current photovoltaic industry has entered the tail stage of the U-shaped cycle. In the second half of 2026, with the arrival of the seasonal industry peak season and the continuous promotion of anti-involution work, the price of component products is expected to show an upward trend ." The loss margin of component business is expected to be narrowed .

For the commercialization of the next generation of cutting-edge technologies, Trina Solar expects that perovskite tandem cells will enter the stage of small-scale mass production from 2028 to 2029, and achieve GW production capacity in 2029.

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(3) At the present stage, the Company has formulated "TOPCon3" in terms of module business. The Company expects that perovskite tandem batteries will enter the stage of small-scale mass production from 2028 to 2029 and achieve GW production capacity in 2029. The company will balance the rhythm of technology commercialization and cash flow according to market demand.

Thank you for your support and attention to the company! Judging from the perspective of management, what external and internal conditions do the main business need to meet to achieve a sustainable turnaround? Is there a phased goal of turning around losses? The net profit attributable to shareholders of listed companies was-270 million yuan, of which the net profit attributable to the parent company in the second quarter of 2026 turned from loss to profit; The Company achieved a positive operating cash flow of RMB5.072 billion, and the overall gross profit margin of the Company was approximately 7.2026. In the first half of the year, both the net profit attributable to the parent company and the net profit deducted from non-attributable to the parent company were reduced on a year-on-year/month-on-month basis, the operating cash flow remained good, and the gross profit margin continued to improve on a year-on-year and month-on-month basis. At present, the PV industry has entered the tail stage of the U-shaped cycle. In the second half of 2026, with the arrival of the seasonal industry peak season and the continuous promotion of anti-involution work, the price of module products is expected to show an upward trend, and the loss margin of module business is expected to be narrowed. The company will strive to turn its business performance into profit as soon as possible. Thank you for your support and attention to the company! Will the premium differences in different overseas regional markets be an important consideration for the next product scheduling? (2) Overseas orders for energy storage are highly concentrated, and the risks of geopolitical policies and tariff barriers persist. Does the company have decentralized planning in the regional layout to reduce the impact of fluctuations in a single market? (3) At present, the scale of the first overseas order of perovskite stack is not large. From small batch orders to large-scale production, is the biggest bottleneck the yield or the manufacturing cost? At what stage is it expected to be competitive for large-scale commercialization? The company will also improve its sales strategy according to the demand characteristics of overseas regional markets and strive to improve its profitability.

(2) As a multinational company that has crossed the photovoltaic cycle many times, the company has rich experience in international operation. The company pays close attention to the changes of overseas trade policies in real time and has a mature and perfect response mechanism.

(3) The Company expects that the perovskite tandem battery will enter the stage of small-scale mass production from 2028 to 2029, and achieve GW production capacity in 2029. The specific pace of implementation will be adjusted in time according to market demand. Thank you for your support and attention to the company! After this reduction, is there any further reduction arrangement for the actual controller? Will equity transfer affect the long-term strategic stability of the company? In addition, according to the company's current understanding, the actual controller's personal debt repayment has been properly arranged, which does not affect the company's control rights. The company's daily production and operation are normal.

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