[Trina Solar: Module business losses are expected to narrow in the second half of the year] On October 15, Trina Solar stated at the 2026 semi-annual performance briefing that 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 continued advancement of "anti-involution" work, module product prices are expected to show an upward trend, and the module business losses are expected to narrow. The company will strive to turn its operating performance from losses to profits as soon as possible. The company expects that perovskite stacked cells will enter the small-scale mass production stage from 2028 to 2029 and achieve GW-level production capacity in 2029; the specific implementation pace will be adjusted in time based on market demand.