Longi(SH:601012) Ge Long Hui A P P·2025-10-30 12:25Core Viewpoint - Longi Green Energy (601012.SH) reported a significant decline in revenue and net profit for Q3 2025, primarily due to intense price competition in the photovoltaic industry [1] Financial Performance - Q3 revenue was 18.101 billion yuan, a year-on-year decrease of 9.78% (adjusted) [1] - Net profit for Q3 was a loss of 0.834 billion yuan [1] - Revenue for the first three quarters was 50.915 billion yuan, reflecting a year-on-year decline of 13.10% (adjusted) [1] - Net profit for the first three quarters was a loss of 3.403 billion yuan [1] Industry Context - The company faced challenges due to a low-price competitive environment within the photovoltaic industry [1] - Despite the losses, the company focused on customer-centric value creation and implemented various management innovations to reduce costs and improve efficiency [1] Cost Management - The company achieved a rapid decline in unit manufacturing costs, period expenses, and asset impairment losses during the reporting period [1]