阿特斯太阳能2026年第二季度业绩会纪要

发布时间：2026-08-30 一、AI总结内容 一、核心要点 1. 2026年第二季度，阿特斯太阳能营收达12亿美元（处于指引上限），毛利率13.9%，受运费、工厂爬坡成本影响，归母净亏损7700万美元，合每股亏损1.40美元；电池片发货3.1GW，储能发货3.7GWh、确认收入3.3GWh，超出储能指引。 2. 美国杰斐逊ville的HJT电池工厂为北美最大晶硅电池工厂，一期产能2.1GW，10月1日全面投产，2027年二期投产后总产能达6.3GW，叠加德州10GW组件厂，巩固北美头部垂直一体化光伏制造商地位；该工厂已获超13GW组件在手订单，交付至2029年，订单价值超45亿美元。 3. 美国政策端，特朗普政府出台进口多晶硅及衍生物的232条款新规，含最低进口价、关税、国内制造补偿等，公司认为政策对美国本土制造长期利好，将参与120天实施期评估。 4. Recurrent Energy（公司子公司）第二季度营收1.17亿美元，受项目延迟、拉丁美洲项目减值影响，录得1900万美元经营亏损；西班牙426MW光伏项目投运，澳大利亚150MW CarWarp项目与微软签长期购电协议，加州330MW项目获6.95亿美元融资。 二、技术与产能布局 1. 技术方面，下一代光伏技术聚焦HJT、Topcon，2028年HJT效率目标24%-24.5%，银耗降至3mg/W；2028年将量产QBC结构组件，效率24.8%-25.2%，银耗1-2mg/W；布局空间光伏技术，为2029年应用做准备；储能端，第二代储充一体机2027年推出，能量密度提升25%，探索固态变压器等技术。 2. 资本开支方面，2026年预计13亿美元，第二季度已投入1.72亿美元，主要用于美国制造项目，下半年将推进杰斐逊ville二期设备安装、德州组件厂扩产、东南亚储能厂建设。三、风险与关注 1. 地缘政治带来的运费波动、项目审批及传输建设周期长等问题；美国232条款等新政策的实施细节及对公司的影响待明确；FCC逆变器相关新规、白宫电力系统政策等需进一步研究合规要求。 2. 研发投入占营收1%-2%，部分研发IP分设在美国及加拿大，美国制造优先考虑HJT技术，原因包括六七年研发积累、人机依赖度低、IP冲突少及适配空间光伏等。四、业绩指引 1. 2026年第三季度，组件发货指引3.5-3.8GW，储能发货3.4-3.8GWh，营收13-15亿美元，毛利率13.5%-15.5%；全年组件发货指引6.5-7GW、储能4.5-5.5GWh，美国市场占核心地位。 二、音频原文（转写） B. 嘿嘿。嘿嘿。是吗？the. 嗯。 嗯。嗯。嗯。嗯。 嗯。嗯。嗯嗯。yeah 嗯。 嗯。嗯。嗯。嗯。 嗯。嗯。嗯。看。 Ladies and gentlemen, thank you for standing by,and welcome to Canadian Solar's second quarter2026 earnings conference call. My name is Melissa, and I will be your operator for today. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answersession. As a reminder, this conference is being recorded for replay purposes. I'd now like toturn the call over to Winnah Hwang, Head of Investor Relations at Canadian Solar. Please go ahead. Thank you, operator, and welcome everyone toCanadian Solar's second quarter 2026 conferencecall. Please note that today's conference call is accompanied with. Slides which are available on Canadian Solar's investor relations website. within the events and presentations section. Joining us today are Colin Parkin. CEO, drilling marks. ceo of canadian solar subsidiary of a current energy. Jinboju, Senior VP and CFO. and dr. Shanxu. executive chairman and cto. All company executives will participate in the Q&A session after management's formal remarks. On this call, Colin will deliver key messages for the quarter. Dylan will share updates for recurring energy. Symbol will go through the financial results. andSean will discuss sustainability and technologyhighlights. Colin will conclude the prepared remarks with the business outlook. after which we will have time for questions. Before we begin, Iwould like to remind listeners that management'sprepared remarks today as well as their answersto questions, will contain certain forward-looking statements that are subject to risks and uncertainties. The company claims protection underthe safe harbor for forward-looking statements that is contained in the private securities litig ation reform act of nineteen ninety five. Actualresults may differ from management's current expectations. Any projections of the company's future performance represent management's estimatesas of today. Canadian Solo since no obligation.to update these projections in the future unless otherwise required by applicable law. A more detailed discussion of risks and uncertainties can be found in the company's annual report. I'm from twenty f. filed with the Securities and Exchange Commission Management's prepared remarks will be presented within the requirements of SEC Regulation sheet Regarding generally accepted accounting principles or GAAP. Some financial information presented during the call will be provided on a monthly GAAP. and non-GAAP basis. By disclosing certain non-GAAP information, managementintends to provide investors with additional information to enable further analysis of the company's performance an underlying trend. Managementuses non-GAAP measures to better assess operating performance and to establish operational goals. Non-GAAP information should not be viewed byinvestors that Substitute for data provided in accordance with GAAP. And now I would like to turn the call over to Canadian Solar's. CEO COLIN PARKIN Colin, please go ahead. Thank you, Winnna,and thank you all for joining our second quarter earnings call. Beginning on Slide 3. we recognized on 3.1 gigawatts of solar modules within guidance. We exceeded our storage guidance shipping 3.7 gigawatt hours and recognizing revenue on3.3 gigawatt hours within the quarter. Revenue totaled $1.2 billion at the high end of guidance.gross margin was in. I can say. thirteen pointnine percent. Profitability was impacted by elevated freight costs from ongoing geopolitical uncertainties. We also faced near term ramp up costs for our solar cell manufacturing facility in Jeffersonville. These factors led to a net loss attributable to shareholders of $77 million or $1 .40 per share. Turning now to Slide 4. Our manufacturing segment remains the key driver of our financial performance today. is also where our strategic prior