Group 1 - Longi Green Energy has signed an agreement to acquire approximately 61.9998% of the voting rights of Suzhou Jingkong Energy Technology Co., Ltd, marking its entry into the energy storage sector and extending its industrial chain from "solar" to "storage" [2] - During the Q3 earnings conference, Longi Green Energy emphasized that the combination of photovoltaic and energy storage will effectively address the intermittency issues of solar energy [3] - Jingkong Energy, established in 2015, focuses on smart power supply systems, smart electrochemical energy storage systems, smart hydrogen fuel cell systems, and automotive lead-acid energy management systems, with a planned total production capacity of 33GWh for its new energy storage project [3] Group 2 - Major photovoltaic manufacturers, including Trina Solar, Jinko Solar, and Canadian Solar, are accelerating their expansion into the energy storage market, with Canadian Solar projecting a shipment of 2.1 to 2.3 GWh of energy storage systems in Q4 2025 and 14 to 17 GWh for the entire year of 2026 [4] - The increasing penetration of intermittent energy sources like solar and wind makes energy storage systems crucial for ensuring the stable operation of the power grid, with planned renewable energy projects reaching hundreds of GW globally [4] - The energy storage market is anticipated to grow significantly, with demand expected to reach TWh levels in the next decade, presenting a vast new market opportunity [4]

Core Viewpoint - Longi Green Energy plans to acquire approximately 61.9998% of voting rights in Jingkong Energy through equity acquisition, capital increase, and voting rights entrustment, allowing Longi to have sole control over Jingkong Energy [1] Group 1: Company Overview - Jingkong Energy, established in 2015, focuses on three main areas: power supply systems, smart energy storage systems, and hydrogen fuel cell systems, and has been recognized as a top-tier energy storage manufacturer by Bloomberg New Energy Finance [1] - Jingkong Energy has developed several innovative products, including the world's first power management system IPCP and a 1500V high-voltage liquid-cooled energy storage system, with a global production capacity of 31 GWh and over 10 GWh of grid-connected capacity [1] Group 2: Financial Performance - Longi Green Energy has faced significant financial challenges, reporting a revenue of 50.915 billion yuan for the first three quarters of the year, a year-on-year decrease of 13.10%, and a net loss of 3.403 billion yuan, although this represents a 31.01% reduction in losses compared to the previous year [3] - In the third quarter, Longi reported a revenue of 18.101 billion yuan, down 9.78% year-on-year, with a net loss of 834 million yuan, reflecting a 4.27% reduction in losses compared to the same period last year [3] Group 3: Market Context - The solar industry is currently experiencing a downturn, with major product prices at low levels, leading to profitability pressures across the sector, and Longi Green Energy is the only top four solar module manufacturer without a storage business [3] - The stock price of Longi Green Energy surged nearly 8% on November 14, driven by positive market sentiment regarding its storage business strategy [2]

Core Insights - Longi Green Energy has signed an agreement to acquire approximately 61.9998% voting rights in Suzhou Jingkong Energy Technology Co., Ltd, marking its official entry into the energy storage sector [2] - Following the announcement, Longi Green Energy's stock price increased by 5.77%, bringing its total market capitalization to 170.7 billion yuan [2] - The acquisition is seen as a strategic move to extend Longi Green Energy's business from photovoltaic to energy storage, with the potential for significant technological synergies [2] Company Overview - Suzhou Jingkong Energy, established in 2015 and headquartered in Suzhou, Jiangsu, is a national high-tech enterprise with nearly 350 technology patents and a production capacity of 31 GWh [2] - The company has developed innovative products including the world's first power management system IPCP and a 1500V high-voltage liquid cooling energy storage system [2] Industry Context - The integration of photovoltaic and energy storage solutions is viewed as a critical strategy to address the intermittent nature of solar energy, with Longi Green Energy actively evaluating market opportunities in this area [3] - The company's CTO has emphasized that the combination of solar and energy storage represents the ultimate solution for future energy needs and is expected to be the most economical power source globally within the next decade [3]

Core Viewpoint - Longi Green Energy is officially entering the energy storage sector through the acquisition of approximately 61.9998% voting rights in Suzhou Jingkong Energy Technology Co., Ltd. [4][5] Group 1: Acquisition Details - Longi Green Energy plans to acquire voting rights through equity purchase, capital increase, and voting rights entrustment [4] - The acquisition is expected to enable Longi Green Energy to quickly extend its business from photovoltaic to energy storage [5] Group 2: Company Background - Suzhou Jingkong Energy, established in 2015, is a national high-tech enterprise with nearly 350 technology patents and a production capacity of 31 GWh [5] - The company has developed innovative products such as the IPCP power management system and high-voltage liquid cooling energy storage systems [5] Group 3: Market Context - The integration of photovoltaic and energy storage is seen as a solution to the intermittent nature of solar energy, addressing key issues in domestic grid consumption [6] - Longi Green Energy's CTO has stated that the combination of photovoltaic and energy storage represents the ultimate solution for future energy needs [6]

Core Viewpoint - Longi Green Energy is officially entering the energy storage sector through an agreement to acquire approximately 61.9998% voting rights in Suzhou Jingkong Energy Technology Co., Ltd. [2][3] Group 1: Company Actions - Longi Green Energy plans to acquire voting rights in Jingkong Energy through equity purchase, capital increase, and voting rights entrustment [2] - Following the announcement, Longi Green Energy's stock price increased by 5.77%, bringing its total market capitalization to 170.7 billion [3] Group 2: Industry Context - The announcement signifies Longi Green Energy's strategic move into the energy storage market, which has been under consideration for some time [3] - The company has evaluated multiple potential acquisition targets in the energy storage sector, focusing on acquisition models, target selection, and financial thresholds [3] - Longi Green Energy's chairman highlighted the importance of integrating photovoltaic and energy storage solutions to address domestic grid consumption issues [4] Group 3: Company Profile of Jingkong Energy - Jingkong Energy, established in 2015 and headquartered in Suzhou, is a national high-tech enterprise with nearly 350 technology patents and a production capacity of 31 GWh [3]

Group 1 - The core point of the news is that Longi Green Energy has signed an agreement to acquire approximately 61.9998% of the voting rights in Suzhou Jingkong Energy Technology Co., Ltd., marking its official entry into the energy storage sector [1][2] - Following the announcement, Longi Green Energy's stock price increased by 5.77%, bringing its total market capitalization to 170.7 billion yuan [2] - Longi Green Energy has been in discussions to enter the energy storage business and has evaluated multiple acquisition targets, but has not previously announced any due to various uncertainties [2] Group 2 - Suzhou Jingkong Energy, established in 2015, is a national high-tech enterprise with significant innovations in energy management systems and has applied for nearly 350 technology patents with a production capacity of 31 GWh [2] - The chairman of Longi Green Energy, Zhong Baoshan, mentioned the importance of integrating photovoltaic and energy storage solutions to address the intermittent nature of solar energy [3] - Longi Green Energy's CTO, Li Zhenguo, stated that the combination of photovoltaic and energy storage is the ultimate solution for future energy needs and will be the most economical power source globally within the next decade [3]