Longi says that the 17 GW in contact modules shipped in 2024 and has reduced its net loss to CNY 8.62 billion ($ 1.18 billion), referring to stricter stock control, cost reductions and higher investment returns.
Longi Said that the net loss for 2024 CNY was 8.62 billion, against a profit of CNY 10.75 billion in 2023, because the annual turnover fell by 36.2% to CNY 82.58 billion. The company blamed the overcapacity of the industry, prize wars and cash flow stress, in which chairman Zhong Baoshen 2024 “the most challenging year since the company became public”. In the first quarter of 2025, Longi CNY reported 13.65 billion in income, with 22.8% year on year and a limited loss of net of CNY of 1.44 billion, due to improved stock management, cost control and investment income. Turnover from his silicon wafer and ROD Business fell by 66.5% to CNY 8.21 billion with a negative gross margin of 14.3%, while the turnover of solar cells and module 33.1% fell to CNY 66.33 billion, with a gross margin of 6.3%. The company station company grew by 67.4% to CNY 6.34 billion with a gross margin of 35.1%. Longi shifted more than 17 GW in contact modules in 2024 and aims to increase the share of the recovery products in 2025 to more than 25% of the total shipments, so that the cost gap with tunneloxide-passivated contact (Topcon) to CNY 0.05/W.
JA SOLAR placed a net loss of CNY 4.66 billion in 2024-the very first annual loss with a decrease in sales of 14% for CNY 70.12 billion. Compared to a CNY 7.04 billion profit in 2023, losing in the fourth quarter accounted for 89.6% of the shortage of the entire year. Yes Solar mentioned an imbalance of the supply, depositing product prices and provisions of asset restrictions. Despite the growing module readings up to 79.44 GW (including 1,544 GW for self -use), sales decreased due to falling prices. The debt ratio rose to a record of 74.7% towards the end of the year, with total debts on CNY 47.47 billion and short -term obligations that make up more than half. The company expects a weak market recovery in 2025 and is planning to limit the module capacity at 100 GW, to give a priority to N-type products and to retain more than 80% vertical integration.
Daqo New Energy Registered a non -geeuditated net loss of $ 71.8 million in the first quarter of 2025, a decrease of $ 180.2 million in the fourth quarter of 2024, with a turnover of $ 123.9 million. In 2025, the company expects to produce 110,000 tons to 140,000 tons of polysilicon.
The China Nonferrous Metals Industry Association (CNMIA) The prices of polysilicon continued to fall despite weak trading activities. N-Type Re-invested material was on average CNY 39,200 per ton, a decrease of 2.73% compared to the previous week, while n-type grainy silicon on average 37,000 per ton, a decrease of 2.63% decreased. P-Type Polysilicon fell 2.12% to CNY 32,300 per ton. While buyers held for the May Day holiday, Rose with producers. Some suppliers are considering the production deployment to adapt to a weak question after the holidays, whereby the output is expected to hold almost 100,000 tons in May.
This content is protected by copyright and may not be reused. If you want to work with us and reuse part of our content, please contact: editors@pv-magazine.com.
