Longi(SH:601012) Hua Er Jie Jian Wen·2025-10-30 12:29Financial Performance - In Q3, the company's revenue was 18.10 billion yuan, a year-on-year decrease of 9.78%, while the net loss attributable to shareholders was 834 million yuan, an improvement from a loss of 1.26 billion yuan in the same period last year [1][2] - For the first three quarters, revenue totaled 50.91 billion yuan, down 13.10% year-on-year, with a net loss of 3.40 billion yuan, which is a reduction of approximately 48% compared to the previous year's loss of 6.49 billion yuan [1][2][3] Cash Flow and Cost Management - The operating cash flow turned positive to 1.82 billion yuan in the first three quarters, compared to a net outflow of 8.37 billion yuan in the same period last year, primarily due to significant reductions in procurement and labor costs [4][7] - Sales expenses decreased by 35.1%, management expenses by 22.3%, and R&D expenses by 16.8% in the first three quarters [4] Product Performance - The company emphasized its Back-Contact (BC) battery technology, with BC component sales reaching 14.48 GW, accounting for nearly 23% of total component sales of 63.43 GW in the first three quarters [5] - The HPBC 2.0 product saw rapid growth in production and sales on a quarter-on-quarter basis, indicating a strategic shift towards high-value products to counteract market price declines [5] Stock Performance - The company's stock price is currently at 21.51 yuan per share, having increased by over 40% year-to-date [6]