abc 3 November 2025 Global Research Longi Green Energy Technology Narrowed loss in 3Q25 and HPBC shipments ramping up Narrowed loss in 3Q25 with improving cash flow Longi reported 9M25 net loss of Rmb3.4bn. 3Q25 net loss of Rmb834mn narrowed 26% QoQ, in line with expectations. The narrowed loss was mainly helped by wafer price lift and high-margin Back Contact (BC) module shipment. GPM improved 3.3ppt QoQ to 5% in 3Q25. Longi recorded Rmb0.8bn impairment loss in 3Q25. Selling expense and management expenses ...