Longi Green Energy Technology Co.,Ltd. (SHSE: 601012) has issued a performance forecast indicating a net loss attributable to shareholders of between 3.4 billion and 3.8 billion yuan for the first half of 2026.
This compares to a loss of 2.569 billion yuan in the same period last year.
The company attributed the anticipated loss to several factors within the reporting period.
The supply-demand dynamics in the photovoltaic industry have not shown significant improvement, continuing to place pressure on corporate operations.
Domestic new photovoltaic installations in the first half of the year saw a substantial sequential decline, influenced by factors including insufficient new energy consumption capacity and the high base from last year's installation rush.
During the period, the company experienced a year-on-year decrease in module sales and revenue, coupled with insufficient capacity utilization and low gross margins.
These challenges were compounded by losses from investments in associates and exchange losses stemming from the appreciation of the Renminbi, collectively contributing to the operating loss.
In response to the industry's difficulties, Longi has been actively advancing the full transition of its photovoltaic business to Back Contact (BC) technology.
The company is continuously enriching its product portfolio for various applications and has seen a notable increase in the proportion of overseas sales and BC product sales.
Initiatives to enhance efficiency and reduce costs through BC technology are being implemented, and the ACM (Nano Alloy Contact Matrix) battery has achieved scaled production.
Simultaneously, the company is accelerating its integrated solar-plus-storage strategy.
It has launched the "LONGiONE" all-scenario integrated solar and storage product, covering applications from large-scale power plants to commercial and industrial parks.
Longi is also rapidly building local capabilities in overseas markets to enhance its system solution offerings and competitive advantages.
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