On October 31, Shennan Power A announced that. The company signed the Equity Acquisition Intention Agreement with Trina Solar Energy (Changzhou) Technology Co., Ltd. It intends to purchase no less than 51% and no more than 70% of the shares of Tianhe Pioneer Photovoltaic Bracket (Jiangsu Changzhou) Co., Ltd. (hereinafter referred to as "Tianhe Tracking") held by Changzhou Tianhe Solar Energy by paying cash. According to the official website
of Shennan Power A, Shenzhen Nanshan Thermal Power Co., Ltd. was established in April 1990 to supply power and heat for production and operation. As one of the earliest gas turbine power generation enterprises in Shenzhen, it is a Sino-foreign joint-stock enterprise mainly engaged in general contracting of power plant (station) construction projects, providing technical consultation and technical services. In July and November 1994, the company's A and B shares were listed on the Shenzhen Stock Exchange. After the completion of the above
transaction, Tianhe Tracking will become a holding subsidiary of Shennan Power A and be included in the scope of its consolidated statements.
Shennan Power A said that the transaction will help the company to expand new business sectors in an orderly manner, create a second growth curve and open up new space for development on the basis of the business of "gas-fired power generation + integrated energy services".
In response to the above incident, Trina Solar responded to the media that the transaction intends to introduce strategic partners to give full play to the synergistic effect of strong alliance and mutual benefit. The matter is still in the pre-communication stage and does not meet the disclosure standards. The follow-up needs to complete due diligence, audit evaluation and internal and external approval, which is uncertain. The details are subject to the official follow-up information.
For this transaction, Shennan Power A is clearly looking for new growth points of performance; although Trina Solar said that it is to play a synergistic effect, mutual benefit and win-win, but the business believes that the company may be "blood return".
On October 31, Trina Solar disclosed its third quarter report for 2026. In the
third quarter of this year, Trina Solar achieved a revenue of about 15.993 billion yuan, down 15.45% year-on-year; the net profit loss of parent company was about 1.672 billion yuan, the loss margin expanded year-on-year; the net profit loss of non-parent company was about 1.215 billion yuan, the loss margin narrowed year-on-year.
As for the year-on-year expansion of net profit loss in the third quarter, Trina Solar said that it was mainly due to the decline in the fair value of the remaining undisposed equity assets in the current period, corresponding to the decline in the fair value change income in the current period. From January to September
this year, Trina Solar achieved a total revenue of about 47.978 billion yuan, down 3.99% year-on-year; net profit loss of 19.42 yuan , narrowing the loss margin year-on-year; net profit loss of 4.105 billion yuan, narrowing the loss margin year-on-year.
As for the improvement of the loss situation in the first three quarters of this year, Trina Solar said that first , the proportion of high-quality orders in the component business has steadily increased , and the profitability has continued to improve ; The second is to accelerate the transformation and development of energy storage business and system solutions business, energy storage and distributed business to form a positive contribution to the profits of the reporting period; Third, the Company achieved higher investment income from the disposal of part of the equity assets acquired in the previous strategic transaction arrangement, while the accumulated fair value of the remaining undisposed equity assets increased , and the corresponding fair value change gains were recognized, which made a positive contribution to the profits during the reporting period.
It is worth noting that from 2024 to the third quarter of 2026, the net profit of Trina Solar has lost 12.42 billion yuan.
From 2020 to 2023, the accumulated net profit of Trina Solar was 12.24 billion yuan. This means that Trina Solar has lost all the profits it made in the previous four years in less than three years.
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