LONGi Green Energy: Expected net loss of RMB 8.2 billion to 8.8 billion in 2024

On January 16th, Jinshi Data announced that it is expected to achieve a net loss attributable to shareholders of the listed company of 8.2 billion yuan to 8.8 billion yuan in 2024, and it will experience a loss compared with the same period last year. During the reporting period, affected by intensified industry competition, the proportion of the company’s BC second-generation product output is very low, the prices and gross profit margins of PERC and TOPCon products continue to decline, the capacity utilization rate is limited, the technical iteration leads to an increase in provision for asset impairment, and investment income from silicon material companies in which it holds shares generates losses, resulting in temporary losses in operating performance.