杰富瑞发表研究报告指出，信义光能2025年上半年收入、净利润分别为109.32亿、7.46亿元，分别按年减6.5%、59%，符合其上半年业绩预告。毛利率年减8.6%至18.3%，较2024年下半年的3.3%有所回升。海外出货量增加(特别是北美)有助于缓解太阳能玻璃价格疲软，因客户由于关税政策的不确定性加速订单。管理层提及，太阳能玻璃价格可能于7月触底，行业正在削减供应，但公司在必要时也准备好再次应对价格竞争。 该行更新信义光能2025、2026、2027财年收入及净利润预测，至186.2亿、207.67亿、224.08亿元及11.88亿、20.23亿、27.51亿元；将目标价从5.07元下调至4.59港元，评级“买入”。
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