Core Viewpoint - Longi Green Energy reported a significant reduction in losses for the first three quarters of 2025, despite a decline in revenue due to intense competition in the photovoltaic industry [1][2]. Financial Performance - The company achieved total revenue of 50.915 billion yuan, a year-on-year decrease of 13.10% [1]. - The net profit attributable to shareholders was a loss of 3.403 billion yuan, improving from a loss of 6.486 billion yuan in the same period last year, representing a reduction in losses of 47.52% [1]. - Sequentially, the net profit loss decreased by 21.10% from Q1 to Q2 and by 26.39% from Q2 to Q3 [1]. Market Position and Strategy - Longi Green Energy's sales of silicon wafers reached 38.15 GW and battery modules 63.43 GW from January to September [2]. - The company’s BC components achieved cumulative sales of 14.48 GW, with HPBC2.0 products showing rapid growth [2]. - The domestic market accounted for approximately 55% of BC component sales, while the overseas market made up about 45% [2]. Technological Advancements - The second-generation BC components have a conversion efficiency of 24.8% and a stable yield of over 97% [3]. - The HIBC components have reached a mass production efficiency of 25.9%, with power output exceeding 700W, making them among the highest efficiency industrial photovoltaic products globally [3]. Strategic Partnerships and Projects - Longi Green Energy signed a contract to supply 400 MW of BC technology-based components for the Shanghai Electric offshore photovoltaic project [3]. - The choice of BC products for the first batch of offshore photovoltaic projects highlights the advantages of BC technology in complex marine environments [3].