Longi Green Energy H1 Net Loss 3.68bn Yuan
Longi Green Energy Technology announced a net loss of 3.68 billion yuan (approximately $547 million) for the six months ended June 30, 2026, compared with a loss of 2.57 billion yuan in the same period a year earlier. The reported loss lies within the company’s previously indicated guidance range of 3.4 billion to 3.8 billion yuan.
The deeper loss reflects a prolonged downturn in China’s solar industry that has persisted for more than two years. Shrinking domestic demand, persistent overcapacity, aggressive price competition and a tougher overseas trade environment have collectively compressed margins for Chinese solar manufacturers.
In response to the challenging environment, Longi has diversified beyond its core solar wafer, cell and module business. The firm entered the energy storage market late in 2025, aiming to capture growing global demand for battery systems. Cost pressures have also intensified; volatile silver prices during the first half prompted manufacturers, including Longi, to reduce silver usage and explore alternative materials. Bloomberg Intelligence analyst Chia Chen noted that a return to profitability would depend on Longi achieving silver‑free production while expanding its energy‑storage operations.
Longi highlighted a technological milestone by unveiling a 35.5% conversion‑efficiency crystalline silicon‑perovskite tandem solar cell, certified by the European Solar Test Installation (ESTI). This achievement was announced at the 2026 Solar and Energy Storage Innovation Conference, underscoring the company’s continued focus on advanced solar‑technology development despite the current market headwinds.
The outlook for Chinese solar manufacturers remains challenging, with profitability improvements likely contingent on tighter supply discipline, lower input costs and a rebound in both domestic and overseas demand.