LONGi Reports Q3 2025 Revenue of 50.915 Billion Yuan, Advances Cost Efficiency
LONGi, a leading solar technology company, has released its financial results for Q3 2025. The operating revenue from January to September reached 50.915 billion yuan, with the third quarter contributing 18.101 billion yuan. This marks a continued reduction in losses for the second consecutive quarter.
Financial Performance Overview
Despite the challenges posed by intensified competition in the photovoltaic industry, LONGi has made significant advancements with its Back Contact (BC) technology. The company reported:
- External sales of silicon wafers reached 38.15 GW.
- Sales of cells and modules totaled 63.43 GW.
- Cumulative sales of BC modules amounted to 14.48 GW.
Quarter-on-quarter growth for the HPBC 2.0 products has solidified LONGi’s competitive standing. These high-value solutions are crucial in differentiating the company from its competitors.
Positive Financial Trends
Although LONGi did not achieve profitability during the reporting period, management initiatives led to a notable decrease in unit manufacturing costs. The company saw:
- A reduction in net losses attributable to shareholders by 48% year-on-year.
- Positive net cash flow from operating activities, ensuring liquidity security.
LONGi’s monetary reserves exceeded 51.3 billion yuan, showcasing its financial resilience even amid industry challenges.
Market Position and Product Strategy
The domestic market accounted for 55% of BC module sales, while international sales comprised approximately 45%. Chairman Zhong Baoshen indicated that BC products enjoy a premium position in Europe. As production capacity for HPBC 2.0 technology increases, LONGi aims to expand its European sales further.
Technological Advancements
LONGi’s second-generation BC modules have achieved remarkable efficiency, with a conversion efficiency rate of 24.8% and a stable yield rate exceeding 97%. Additionally, HIBC modules have reached mass production efficiency of 25.9% and power outputs surpassing 700W.
Recent Contracts and Future Outlook
Recently, LONGi secured a contract for the Shanghai Electric Power Fengxian #1 Offshore PV Project, agreeing to supply 400 MW of BC technology-based modules. The entire awarded portion of Shanghai’s initial offshore PV projects utilized the BC technology route, capitalizing on its benefits in challenging marine environments.
As the photovoltaic industry shifts from low-cost competition to value-driven strategies, LONGi’s focus on high-value products is positioned as a crucial driver for innovation and market leadership.
