Bei Jing Shang Bao·2026-01-18 09:58Core Viewpoint - The performance forecasts of leading A-share photovoltaic companies, Longi Green Energy and Aiko Solar, indicate a significant reduction in losses for 2025, suggesting potential industry recovery amidst supply-demand imbalances and price competition [1][4]. Group 1: Company Performance - Longi Green Energy expects a net loss of 6 billion to 6.5 billion yuan for 2025, a decrease from a loss of 8.618 billion yuan in the previous year [4]. - Aiko Solar anticipates a net loss of 1.2 billion to 1.9 billion yuan for 2025, significantly improved from a loss of approximately 5.319 billion yuan in the prior year [4]. - The performance of these leading companies reflects structural changes within the photovoltaic industry [4]. Group 2: Industry Dynamics - The photovoltaic industry is facing supply-demand imbalances and intensified low-price competition, compounded by rising raw material costs and trade barriers [4]. - The cancellation of export tax rebates for photovoltaic products, effective April 1, is expected to shift competition from price-based to value-based, benefiting larger manufacturers [5]. - There are indications of a potential "export rush" before the rebate cancellation, with some manufacturers reportedly raising prices [5]. Group 3: Technological Advancements - Longi Green Energy emphasizes product leadership with its HPBC 2.0 modules, which are noted for their high efficiency and commercial viability, establishing a competitive edge in the distributed high-end market [4]. - The industry is witnessing a trend where leading companies leverage technological advancements to improve profitability amidst competitive pressures [5]. Group 4: Strategic Moves - Longi Green Energy is optimizing its global business layout in response to international trade conditions and is enhancing its system solution capabilities through collaboration in energy storage [5]. - The company has recently acquired a stake in Suzhou Jingkong Energy Technology Co., marking its entry into the energy storage sector [5][6].