Core Viewpoint - Longi Green Energy has undergone a significant management restructuring, with Chairman Zhong Baoshan taking on the roles of General Manager and legal representative, while former General Manager Li Zhenguo shifts focus to R&D and technology management [2][3]. Group 1: Management Changes - Longi Green Energy announced a high-level personnel adjustment, with Li Zhenguo resigning as director and general manager to concentrate on R&D and technology management [2]. - Zhong Baoshan has officially assumed the role of General Manager and legal representative after the board's approval [2]. - Li Zhenguo and his wife, Li Xiyan, remain the controlling shareholders with a combined stake of 19.10% [2]. Group 2: R&D Focus - The management change aligns with Longi's commitment to a "technology-leading" strategy, with R&D investment reaching approximately 5 billion yuan in 2024, accounting for 6.07% of annual revenue [3]. - Li Zhenguo will lead the company's R&D system and frontier technology initiatives as the head of the Central Research Institute and Chief Technology Officer [3]. - Longi has achieved several breakthroughs in photovoltaic technology, including a world record for silicon battery conversion efficiency at 27.3% announced in May 2024 [3]. Group 3: Industry Context - The photovoltaic industry is currently facing overcapacity and losses in 2024, prompting Li Zhenguo to reflect on the industry's development [4]. - Longi Green Energy is marking its 25th anniversary in 2025, with Li Zhenguo emphasizing the need for cautious growth and innovation during challenging times [5]. - The company believes that only those with a technological edge will survive the current overcapacity crisis, and its R&D investment remains above the industry average as a risk mitigation strategy [5].