Core Viewpoint - The resignation of Li Zhenguo from his positions at Longi Green Energy marks a significant shift in the company's management, as he aims to focus on research and development in photovoltaic technology while the company faces declining financial performance [2][3]. Management Changes - Li Zhenguo has stepped down as director, general manager, and legal representative of Longi Green Energy but will continue as the head of the Central Research Institute and Chief Technology Officer [2]. - Li Zhenguo's wife and he collectively hold 19.1% of Longi Green Energy's shares, making them the de facto major shareholders [2]. - The board has appointed Zhong Baoshan, the current chairman, to also serve as the general manager following Li's resignation [2]. Financial Performance - In 2024, Longi Green Energy's revenue decreased by 36.23% to 82.523 billion yuan, and the company reported a net loss of 8.618 billion yuan after two years of negative growth [3]. - Longi Green Energy has experienced six consecutive quarters of losses, with its stock price at 14.44 yuan per share, resulting in a market capitalization of approximately 109.4 billion yuan, down over 40 billion yuan from its peak in 2021 [3]. Strategic Focus - The company is accelerating the upgrade and expansion of its advanced BC production capacity, shifting investment from a previously planned project to a new 12GW high-efficiency monocrystalline battery project [3]. - Longi Green Energy's management cited the need to adapt to the cyclical adjustments in the photovoltaic industry and the uncertainty in supply-side capacity clearance as reasons for the strategic shift [3]. Succession Planning - Li Zhenguo's daughter, Li Shuxuan, has been nominated as a non-independent director candidate for Longi Green Energy's sixth board, indicating a potential succession plan [4]. - Li Shuxuan, born in 1993, currently works as a brand promotion manager at Xi'an Juzi Biological Technology Co., Ltd., which has seen significant stock price increases this year [4]. - She also holds a 23.5% stake in Dongguan Hive Smart Technology Co., Ltd., where she serves as a director [5]. Industry Trends - The entry of the next generation into leadership roles within photovoltaic companies is becoming more common, with several second-generation leaders, particularly women, stepping into significant positions in the industry [6].
隆基绿能连续六个季度亏损后,李振国辞任总经理,90后女儿“接棒”任董事