Longi(SH:601012) Shang Hai Zheng Quan Bao·2025-10-31 06:53Core Viewpoint - The company reported a significant asset impairment provision for Q3 2025, amounting to approximately 894.30 million yuan, which will impact its financial results for the quarter [11][14]. Financial Performance - For the period from January to September 2025, the company achieved external sales of silicon wafers totaling 38.15 GW and battery modules of 63.43 GW [7]. - The company's BC module sales reached 14.48 GW during the same period, with HPBC 2.0 products showing rapid growth [7]. - The company has focused on enhancing management efficiency, controlling costs, and improving cash flow, leading to a continuous improvement in gross margin and operating cash flow [7]. Asset Impairment Provision - The company plans to recognize an asset impairment provision of 894.30 million yuan for Q3 2025, primarily due to declines in product prices and other asset impairments [11][13]. - The breakdown of the impairment includes 534.93 million yuan for inventory, 346.04 million yuan for fixed assets, and smaller amounts for construction in progress and intangible assets [13]. Board Decisions - The company's board approved the Q3 2025 report and the asset impairment provision during its third meeting of the sixth session [19][21]. - The audit committee confirmed that the impairment provision complies with accounting standards and will provide a more accurate reflection of the company's financial status [17]. Upcoming Events - The company will hold a performance briefing on November 10, 2025, to discuss Q3 results and future plans, allowing investors to engage with management [25][27].