LONGi Green Energy Technology (SHA:601012) forecasts its loss will narrow to between 6 billion yuan and 6.5 billion yuan in 2025 from 8.62 billion yuan in 2024, according to a Monday disclosure to the Shanghai bourse.
The loss is attributable to a mismatch of supply and demand, as well as operational pressures due to a significant rise in silver paste and silicon material costs in the fourth quarter, among others, the filing said.
LONGi's earnings are seen to recover in 2026 due to an upcycle in the industry, Bloomberg News reported, citing analysts Chia Chen and Henik Fung.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments