What were Longi's net losses for the first quarter of 2024 and for the full year 2025, and how do they compare year-on-year?

Longi posted a net loss of 1.92 billion yuan ($281 million) in the first quarter of 2024, widening from a loss of 1.43 billion yuan a year earlier. For the full year 2025, its net loss was 6.4 billion yuan, narrowing from 8.6 billion yuan in 2024.

What key factors did Longi cite in its filing as driving continued operational pressure in the solar industry?

Longi stated that the solar industry remains in a 'deep adjustment phase' and cited 'persistently weak product prices, low utilization rates, and rising raw material costs such as polysilicon and silver paste'—particularly in the fourth quarter—as key sources of ongoing operational pressure.

China Solar Giant Longi Says First-Quarter Loss Widened

Apr 28, 2026

Chinese solar giant Longi reported a widened first-quarter net loss of 1.92 billion yuan despite rising module prices driven by silver costs. Earnings recovery is anticipated by 2026 via new technology transitions and energy storage expansion amidst ongoing industry overcapacity.

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