Core Viewpoint - Longi Green Energy Technology Co., Ltd. is expected to report a net loss of between 6 billion to 6.5 billion yuan for the fiscal year 2025, indicating a challenging financial outlook for the company due to adverse market conditions and rising costs [2][5]. Group 1: Performance Forecast - The company anticipates a net loss attributable to shareholders of 6 billion to 6.5 billion yuan for the fiscal year 2025 [2][5]. - The expected net loss, excluding non-recurring gains and losses, is projected to be between 6.8 billion to 7.4 billion yuan [3][6]. - The performance forecast covers the period from January 1, 2025, to December 31, 2025 [4]. Group 2: Previous Year Performance - In the previous year, the company reported a net loss of 8.618 billion yuan, with a loss of 8.747 billion yuan when excluding non-recurring items [8]. - After retrospective adjustments for accounting policy changes, the net loss was reported as 8.592 billion yuan, with a loss of 8.722 billion yuan excluding non-recurring items [8]. Group 3: Reasons for Current Year Loss - The company faces a challenging operating environment due to supply-demand mismatches in the photovoltaic industry, ongoing low-price competition, and rising costs of silver paste and silicon materials [11]. - Despite these challenges, the company aims to maintain a competitive edge through high-value, scenario-based solutions and has achieved significant growth in product shipments [11]. - The company is also optimizing its global business layout in response to international trade conditions and enhancing its system solution capabilities through integrated solar and storage solutions [11].

Core Viewpoint - Longi Green Energy (601012.SH) is expected to report a net loss attributable to shareholders of 6 billion to 6.5 billion yuan for the year 2025, with a net loss excluding non-recurring gains and losses projected to be between 6.8 billion and 7.4 billion yuan [1] Industry Summary - The photovoltaic industry is facing a mismatch in supply and demand, with ongoing low-price competition leading to sustained low operating rates [1] - Domestic electricity market reforms are deepening, while overseas trade barriers are intensifying, creating a challenging and complex operating environment for photovoltaic companies [1] Company Summary - In the fourth quarter, the costs of silver paste and silicon materials surged significantly, which has increased the costs of silicon wafers, batteries, and module products, further pressuring the company's operations [1] - Due to persistently low product prices and cost pressures, the company's operational performance is expected to remain in the red for 2025 [1] - The company is focusing on high-value, scenario-based solutions to create a differentiated competitive advantage, leveraging its long-standing leading products, global channels, and brand strength [1] - The company maintains a leading market share in module products, achieving expected yield rates for its high-efficiency BC second-generation products, and has successfully scaled up production with rapid shipment growth [1] - The company has completed pilot testing for the technology that substitutes silver paste with cheaper metals and is beginning to construct large-scale production capacity [1] - The company is optimizing its global business layout in response to changes in international trade conditions and enhancing its system solution capabilities through coordinated solar and storage strategies, while continuously improving organizational efficiency and reinforcing sustainable development resilience [1]

Core Viewpoint - Longi Green Energy (601012.SH) expects a net loss attributable to shareholders of 6 to 6.5 billion yuan for the fiscal year 2025, with a net loss excluding non-recurring items projected to be between 6.8 to 7.4 billion yuan [1] Industry Summary - The photovoltaic industry is facing a mismatch in supply and demand, with ongoing low-price competition and low operating rates expected to persist in 2025 [1] - Domestic electricity market reforms are deepening, while overseas trade barriers are intensifying, creating a challenging operating environment for photovoltaic companies [1] Company Summary - In Q4, the significant increase in silver paste and silicon material costs has notably raised the costs of silicon wafers, batteries, and module products, further pressuring the company's operations [1] - Due to continued low product prices and cost pressures, the company's operational performance is expected to remain in the red for 2025 [1] - The company is focusing on high-value, scenario-based solutions to create a differentiated competitive advantage, maintaining a leading market share in module products [1] - The company has achieved expected yields for its second-generation high-efficiency BC products and is successfully scaling up production with rapid shipment growth [1] - The pilot test for the technology replacing silver paste with cheaper metals has been completed, and the company has begun scaling up production capacity [1] - The company is optimizing its global business layout in response to international trade conditions and enhancing its system solution capabilities through coordinated solar and storage strategies [1] - Continuous efforts are being made to improve organizational efficiency and strengthen sustainable development resilience [1]