Longi Green Energy Flags Up To 3.8 Billion Yuan In First-Half Losses As Solar Sector's Deep Cleanse Shows No Bottom

Deep News07-24

Longi Green Energy Technology Co.,Ltd., a leading solar firm, forecast a net loss attributable to shareholders of between 3.4 billion and 3.8 billion yuan for the first half of 2026, according to its performance preview released on the evening of July 14. After deducting non-recurring gains and losses, the net loss is expected to range from 3.7 billion to 4.2 billion yuan. This marks a widening of losses compared to the 2.569 billion yuan loss recorded in the same period last year.

Longi Green Energy Technology Co.,Ltd. is not alone in this struggle. Tongwei Co., Ltd. is projected to post a first-half loss of 4.8 billion to 5.4 billion yuan, while TCL Zhonghuan Renewable Energy Technology Co., Ltd. anticipates a net loss attributable to shareholders of 3 billion to 3.3 billion yuan. JA Solar Technology Co., Ltd. expects a loss of 2.4 billion to 2.9 billion yuan, and Shuangliang Eco-Energy Systems Co., Ltd. (under rights protection) forecasts a loss of 660 million to 805 million yuan. Collectively, these five leading photovoltaic companies are estimated to incur losses exceeding 11 billion yuan in the first half of the year.

The solar industry is currently in a deep cleansing phase, characterized by significant supply-demand imbalances across the supply chain and persistently low product prices. In the first half of 2026, the domestic new photovoltaic installed capacity declined year-on-year, with interim and structural supply-demand conflicts putting continuous pressure on prices throughout the industrial chain. Concurrently, multiple solar firms, including GCL System Integration Technology Co., Ltd. and Aiko Solar Energy Co., Ltd., are also reporting losses, highlighting a pronounced industry-wide loss trend.

Notably, while grappling with persistent losses in its core solar business, TCL Zhonghuan has bucked the trend by announcing a 11.96 billion yuan investment in a large-diameter silicon wafer project. With its main business mired in losses and a major cross-sector investment underway, the financial health and cash flow resilience of photovoltaic companies are facing severe tests.

Note: This article was generated by AI and should be carefully reviewed.

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Editor: AI Observer

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