Core Insights - Longi Green Energy has transitioned from a global photovoltaic leader to a comprehensive energy solution provider focusing on "photovoltaic-storage-hydrogen integration" within just 13 days following the acquisition of Jingkong Energy [4] - The company introduced a one-stop energy storage solution at a product launch event in London, emphasizing a "stable triangle" energy architecture centered on photovoltaic, energy storage, and hydrogen energy [4] - Longi Green Energy announced the establishment of its first photovoltaic-storage technology innovation center in Europe, aimed at providing localized professional services to enhance the safety, reliability, and long-term returns of integrated energy storage assets [4] Company Strategy - The acquisition of Jingkong Energy is a strategic move to quickly enter the energy storage market, leveraging Jingkong's mature system integration experience and strong global capacity [5] - Longi Green Energy is expanding its domestic channels, with reports of contracts signed for residential energy storage systems [4] - The company plans to implement its energy storage solutions primarily in key European markets such as the UK, Germany, Italy, and Spain, capitalizing on the urgent demand for energy transition in Europe [4]

Core Insights - The company reported a revenue of 50.915 billion yuan for the first three quarters of 2025, a year-on-year decrease of 13.10%, with a net profit attributable to shareholders of -3.403 billion yuan, showing a reduction in losses compared to the previous year [1] - The company is acquiring a controlling stake in Suzhou Jingkong Energy Technology Co., Ltd., which specializes in lithium-ion battery energy storage systems, indicating a strategic move into the energy storage sector [2] - The photovoltaic industry is experiencing a "de-involution" trend, which is expected to improve pricing and profitability across the supply chain [2] Financial Performance - For Q3 2025, the company achieved a revenue of 18.101 billion yuan, down 9.78% year-on-year and 5.53% quarter-on-quarter, with a net profit of -0.834 billion yuan, showing significant reduction in losses compared to the previous quarter [1] - The company sold 11.26 GW, 13.46 GW, and 13.43 GW of silicon wafers in the first three quarters, and 16.93 GW, 24.92 GW, and 21.58 GW of battery modules, indicating stable sales performance [1] Strategic Moves - The acquisition of approximately 61.9998% voting rights in Jingkong Energy will allow the company to control the energy storage business, enhancing its product offerings in this growing market [2] - A significant launch event for energy storage solutions was held in London, showcasing the company's strategic direction in energy storage [2] Industry Outlook - The ongoing "de-involution" policies in the photovoltaic industry are expected to stabilize prices and improve profitability, which could benefit the company [2] - The company is projected to see revenue growth from 65.434 billion yuan in 2025 to 96.332 billion yuan in 2027, with net profits expected to turn positive by 2026 [3]

Core Viewpoint - Longi Green Energy has launched a one-stop energy storage solution, emphasizing the integration of photovoltaic, energy storage, and hydrogen energy to create a comprehensive, resilient, and affordable zero-carbon energy system [1] Group 1: Company Strategy - Longi's Vice President, She Haifeng, outlined the company's energy storage strategy, highlighting its leading technologies in photovoltaic and hydrogen energy, including a HIBC battery efficiency of 27.81% and the world's largest ALK electrolyzer production capacity [1] - The launch of the energy storage business signifies the further enhancement of Longi's "photovoltaic-storage-hydrogen" full value chain strategy [1] Group 2: Industry Insights - The current development stage of the energy storage industry is likened to the early days of photovoltaic technology, characterized by confidence-driven rapid growth but also disordered competition [1] - Future competition in the energy storage sector will shift from "availability of technology" to "reliability of value," with safety, reliability, and robustness being key metrics for evaluating energy storage solutions [1] Group 3: Market Expansion - Longi Green Energy announced the establishment of a solar-storage technology innovation center in Europe, which will integrate project consulting, technical training, operational support, and spare parts services [1] - The energy storage solutions will initially be implemented in key markets such as the UK, Germany, Italy, and Spain, capitalizing on Europe's urgent energy transition needs and mature market mechanisms [1]