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The enthusiasm for photovoltaics has faded, from tens of thousands of attendees to only 800 people online; LONGi Green Energy Technology aims for a return to the break-even point in Q3 | Direct coverage of the Earnings Conference.
① The company's Director, Zhong Baoshen, stated that the ability to turn losses into profits is closely related to the industry situation, with a goal to return to breakeven by the third quarter of this year; ② Zhong Baoshen anticipates that by 2026, as the Electrical Utilities system adapts and adjusts to the acceptance of the New energy Fund, there will be a return to a growth state. However, it will not again reach the rapid growth rates of 40% to 50% seen in previous years, but may be around a 10% increase.
LONGi Green Energy Technology Swings to Loss in 2024
The price war in the photovoltaic Industry is fierce, LONGi Green Energy Technology is expected to incur a net loss of 8.62 billion yuan in 2024, marking its first annual loss in over a decade | Earnings Reports insights.
The Global photovoltaic Industry is experiencing a decline in prices, leading to widespread losses for companies at all stages, and LONGi has also not escaped the pressure of price competition. The Chairman of LONGi Green Energy Technology stated that the company is facing the most difficult situation in its history in 2024. LONGi reported a net loss of 8.6 billion yuan for the entire last year, marking its first annual loss since 2013. The net loss situation improved somewhat in the first quarter, decreasing by 38.89% year-on-year to 1.436 billion yuan, but the industry crisis has not been completely resolved.
LONGI GREEN ENERGY: FIRST QUARTER REPORT 2025
LONGI GREEN ENERGY: 2024 ANNUAL REPORT SUMMARY
LONGI GREEN ENERGY: 2024 ANNUAL REPORT
102884128 : getting disappointed with this counter. every day drop.