Longi(SH:601012) Xin Hua Cai Jing·2025-10-30 09:17Core Viewpoint - Longi Green Energy reported a significant reduction in losses for the first three quarters of 2023, with a net profit loss of 834 million yuan, reflecting a year-on-year decrease in losses by approximately 48% [1] Financial Performance - The company achieved a total revenue of 50.915 billion yuan in the first three quarters, with third-quarter revenue reaching 18.101 billion yuan [1] - The net cash flow from operating activities turned positive by the end of the third quarter, supported by over 51.3 billion yuan in cash reserves, indicating financial resilience during a weak industry cycle [1] Sales and Production - Longi Green Energy sold 38.15 GW of silicon wafers and 63.43 GW of battery modules from January to September 2023, with BC module sales reaching 14.48 GW [1] - The HPBC 2.0 product line showed rapid growth in production and sales, highlighting the company's competitive advantage through differentiation [1] Market Strategy - In the first half of 2025, domestic sales of BC components accounted for approximately 55% of total sales, while overseas sales made up about 45% [2] - The company plans to increase the sales proportion of BC products in the European market, leveraging the premium pricing advantage of its products [2] Product Efficiency - The second-generation BC components have a conversion efficiency of 24.8% and a stable yield of over 97% [2] - The newly launched HIBC components have achieved a production efficiency of 25.9% and a power output exceeding 700W, positioning them among the highest efficiency industrial photovoltaic products globally [2]