Longi(SH:601012)2024-06-03 08:07Group 1: Investor Relations Activities - The company conducted investor relations activities including specific object research, performance briefings, and online meetings, with participation from major investment firms such as Goldman Sachs and Jefferies [2] - On May 22, 2024, the company hosted a collective reception day for investors, attracting 100 participants [2] Group 2: Market and Product Insights - The price of photovoltaic products has been declining, with solar module prices dropping below 1 RMB/W by the end of 2023, leading to a reduced cost share in photovoltaic systems [3] - The company anticipates that the main chain prices in the photovoltaic industry will depend on supply and demand dynamics, with potential for price rebounds due to increasing global demand [3] - The company plans to achieve an annual production capacity of 200 GW for monocrystalline silicon wafers over the next three years, with over 80% of this capacity dedicated to the new Tai Rui silicon wafers [4] Group 3: Cost Management and Logistics - The company has implemented inventory management strategies to mitigate price drop risks, including a sales-based production strategy and enhanced supply chain management [4] - In Q1 2024, the company's logistics costs decreased compared to the same period last year [5] Group 4: Product Development and Expansion - The HPBC2.0 product line is expected to start mass production in Q4 2024, with a maximum power output of 660W and an efficiency of 24.43% [5] - The company’s BC product shipment is projected to reach approximately 30 GW in 2024 [5] - The company’s hydrogen energy business achieved significant growth in 2023, with a revenue exceeding 1 billion RMB and a production capacity of 2.5 GW [6] Group 5: Share Buyback - On May 7, 2024, the company repurchased 1,055,800 shares, accounting for 0.01% of the total share capital, at prices ranging from 18.46 RMB to 18.70 RMB per share [6]