Longi(SH:601012) Xin Lang Cai Jing·2025-09-11 00:54Core Viewpoint - Longi Green Energy, previously not involved in electrochemical energy storage, is reportedly considering entering the energy storage market by investing in Suzhou Jingkong Energy Technology Co., Ltd. and possibly acquiring another company, Singularity Energy [2][12] Group 1: Company Developments - Longi Green Energy's internal sources indicate that the company is evaluating how to engage in the energy storage sector due to increasing demand [2] - The company reported a loss exceeding 2.5 billion yuan in the first half of 2025, prompting a shift in strategy towards energy storage [2][9] - Longi's chairman, Zhong Baoshan, has acknowledged the importance of energy storage, stating that the company has been considering this area for several years and has identified significant customer collaboration value [5][6] Group 2: Market Context - The energy storage market is currently facing challenges, with prices for both large-scale and commercial storage continuously declining, leading to a difficult environment for many companies [3][7] - Industry analysts believe that Longi's entry into the energy storage market may be late, as most leading photovoltaic companies have already established their presence in this field [4][6] - The domestic energy storage market is experiencing oversupply, with many companies struggling to maintain profitability [7][11] Group 3: Financial Performance - In the first half of 2025, Longi Green Energy reported a revenue of approximately 32.81 billion yuan, a decrease of 14.83% year-on-year, and a net loss of 2.57 billion yuan [10][9] - Among 30 listed photovoltaic companies, only three reported profits, highlighting the financial difficulties faced by the industry [11] Group 4: Strategic Moves - Longi Green Energy is exploring partnerships with high-quality resources in the market rather than starting from scratch in energy storage [6] - The company is reportedly considering acquiring Singularity Energy, which has a strong position in the commercial energy storage sector [12]