Longi(SH:601012) Zheng Quan Ri Bao·2025-04-16 11:43Core Viewpoint - Longi Green Energy is advancing in the BC technology field, launching the upgraded Hi-MO 9 module equipped with BC2.0 technology, aiming to lead the photovoltaic industry towards higher efficiency, reliability, and returns [2][3]. Group 1: Technology Advancements - The Hi-MO 9 module has begun mass production, showcasing significant technological breakthroughs: conversion efficiency increased to 24.8%, bifacial rate over 80%, and power output reaching 670W, which enhances the capacity by 6.4% compared to TOPCon products [3][4]. - The company has accumulated orders of 30GW for its HPBC series modules, with a backlog exceeding 40GW, covering over 30 countries and regions [3][6]. Group 2: Market Position and Strategy - Longi Green Energy initiated the "BC revolution" in 2021 and fully transitioned to BC technology in 2023, with plans for comprehensive mass production of BC second-generation products by 2025 [5][8]. - The company is expected to achieve 50GW of BC second-generation capacity by the end of the year, supported by a complete BC industrial chain from upstream equipment to downstream modules [7]. Group 3: Industry Outlook - The photovoltaic industry is anticipated to see a significant increase in BC technology adoption, with projections indicating that by 2025, domestic BC shipments could approach 50GW, achieving a market penetration rate of 7% [7][8]. - The global BC module shipment volume is expected to exceed 160GW by 2027, with a compound annual growth rate (CAGR) of 85% from 2024 to 2027, leading to a market size exceeding 120 billion yuan [7].