Longi(SH:601012) DT新材料·2025-05-26 14:48Core Viewpoint - Longi Green Energy announced a management change, with General Manager Li Zhenguo resigning to focus on R&D and technology management, while Chairman Zhong Baoshan will take over as General Manager [1][2]. Group 1: Management Changes - Li Zhenguo will concentrate on his role as the head of the Central Research Institute and Chief Technology Officer, overseeing the company's R&D system and cutting-edge technology initiatives [2]. - Zhong Baoshan, who has been involved in strategic decision-making and capital operations, will now also manage the company's operations following this adjustment [2][3]. Group 2: Company Performance - Longi Green Energy reported a revenue of 82.582 billion yuan for 2024, a year-on-year decrease of 36.23%, and a net loss attributable to shareholders of 8.618 billion yuan, compared to a profit of 10.751 billion yuan in the previous year, indicating a significant shift from profit to loss [3]. - The decline in performance is attributed to industry supply-demand mismatches, leading to a substantial drop in product prices and gross margins across the industry [4]. - In Q1 2025, Longi reported a net loss of 1.436 billion yuan, an improvement from a net loss of 2.35 billion yuan in the same period last year [4].