Core Viewpoint - The recent personnel changes at Longi Green Energy, particularly the resignation of its actual controller Li Zhenguo from key executive roles, signify a strategic shift towards enhancing research and development focus within the company [1][3][4]. Group 1: Personnel Changes - Li Zhenguo submitted his resignation from the positions of director, general manager, and legal representative, while continuing to lead the company's Central Research Institute and serve as Chief Technology Officer [3][4]. - Following Li Zhenguo's resignation, current chairman Zhong Baoshan will assume the roles of legal representative and general manager [3][4]. - Li Zhenguo's daughter, Li Shuxuan, has been nominated as a non-independent director candidate for the sixth board of directors [3][4]. Group 2: Company Background and Challenges - Longi Green Energy has experienced significant growth in the photovoltaic industry, becoming a leading global player, but has faced challenges in recent years, including intensified competition and financial losses [4][6]. - The company has been undergoing personnel optimization and management challenges, which have tested Li Zhenguo and the management team [4][6]. Group 3: Focus on Research and Development - Li Zhenguo's decision to step back from executive roles to focus on R&D aligns with his long-standing interest in technology development [4][6]. - Longi Green Energy's R&D investment reached 5.014 billion yuan in 2024, accounting for 6.07% of its revenue, making it one of the few A-share photovoltaic companies with R&D spending exceeding 5 billion yuan [6][7]. - The company's commitment to Back Contact (BC) technology is viewed as a critical factor for its future success, with Li Zhenguo expressing strong confidence in this direction [6][7].

Core Viewpoint - Longi Green Energy has announced a significant personnel change involving its actual controller, Li Zhenguo, who will focus on research and technology management while resigning from his positions as director, general manager, and legal representative [1][4]. Company Changes - Li Zhenguo submitted a written resignation report on May 23, 2025, and will continue as the head of the Central Research Institute and Chief Technology Officer, leading the team in photovoltaic technology advancements [4][7]. - After Li Zhenguo's resignation, current chairman Zhong Baoshan will assume the roles of legal representative and general manager [4]. - The fifth meeting of the fifth board of directors was held on May 26, 2025, to elect candidates for the sixth board, including Li Zhenguo's daughter, Li Shuxuan, as a non-independent director candidate [4]. Financial Data - As of the end of Q1 2025, Li Zhenguo directly held 1.067 billion shares of Longi Green Energy, accounting for 14.08% of the total share capital, with a market value of approximately 16 billion yuan based on the closing price on May 26 [5]. Industry Context - The photovoltaic industry has experienced rapid growth in recent years, elevating Longi Green Energy to a leading position globally. However, the industry is currently facing challenges such as intensified competition and performance losses [6]. - Li Zhenguo's decision to resign from his managerial roles was unexpected but aligns with his long-standing focus on research and development [7][8]. Research and Development Focus - Longi Green Energy has committed significant resources to research and development, with an investment of 5.014 billion yuan in 2024, representing 6.07% of its revenue, making it one of the few A-share photovoltaic companies with R&D spending exceeding 5 billion yuan [9]. - The company is betting on Back Contact (BC) technology as a key to revitalizing its market position, with Li Zhenguo expressing strong confidence in this technology's potential [10][11]. Leadership Transition - The transition from a managerial role to focusing on research is seen as a return to a scientific mindset for Li Zhenguo, allowing him to concentrate on advancing photovoltaic technology [12].