The enthusiasm for photovoltaics has faded, from tens of thousands of attendees to only 800 people online; LONGi Green Energy Technology aims for a return to the break-even point in Q3 | Direct coverage of the Earnings Conference.

① The company's Director, Zhong Baoshen, stated that the ability to turn losses into profits is closely related to the industry situation, with a goal to return to breakeven by the third quarter of this year; ② Zhong Baoshen anticipates that by 2026, as the Electrical Utilities system adapts and adjusts to the acceptance of the New energy Fund, there will be a return to a growth state. However, it will not again reach the rapid growth rates of 40% to 50% seen in previous years, but may be around a 10% increase.

cls.cn04:34 ET

The price war in the photovoltaic Industry is fierce, LONGi Green Energy Technology is expected to incur a net loss of 8.62 billion yuan in 2024, marking its first annual loss in over a decade | Earnings Reports insights.

The Global photovoltaic Industry is experiencing a decline in prices, leading to widespread losses for companies at all stages, and LONGi has also not escaped the pressure of price competition. The Chairman of LONGi Green Energy Technology stated that the company is facing the most difficult situation in its history in 2024. LONGi reported a net loss of 8.6 billion yuan for the entire last year, marking its first annual loss since 2013. The net loss situation improved somewhat in the first quarter, decreasing by 38.89% year-on-year to 1.436 billion yuan, but the industry crisis has not been completely resolved.

wallstreetcn12:03 ET

The chairman of LONGi Green Energy Technology stated in the annual report that it was the "most challenging year since going public" and admitted to several failed decisions | Interpretations

①Looking back at 2024, LONGi Green Energy Technology's revenue has significantly decreased year-on-year, and there has been a substantial loss in net income. The Chairman stated, "This has become the most difficult year since the company went public." ②The external reason is the imbalance between supply and demand in the Industry, insufficient operating rates, and continuously falling prices of photovoltaic products. The internal reason is the accumulation of many management mistakes in Operations.

cls.cnApr 29 11:03 ET

TCL Huaxing's performance has reached a new high in three years.

In the first quarter, Tcl Corporation's net income increased by 322% year-on-year.

wallstreetcnApr 29 07:55 ET

Domestic Semiconductors equipment manufacturers discuss how to break through in the Industry: The prosperity of end terminals like AI is being transmitted to the equipment sector, and tariff policies do not change the opportunities for growth overseas.

① Many semiconductor equipment manufacturers have stated that their product demand in this year's market is driven by growth in AI, 5G, Internet of Things, New energy Fund vehicles, and other emerging applications, leading to a continued rebound in the overall industry situation; ② Despite the intense changes in international trade policies, domestic semiconductor equipment manufacturers remain bullish on growth opportunities in overseas markets, and strengthen cooperation with domestic and foreign peers, customers, suppliers, etc. to jointly mitigate risks.

cls.cnApr 28 23:17 ET

Sungrow Power Supply has recently reported single-digit revenue growth for the first time, with a sharp decrease in revenue growth in the overseas market | Interpretations

① In 2022 and 2023, the company's revenue growth rates reached 66.79% and 79.47% respectively, while the growth rate for the year 2024 is only 7.76%; ② In 2024, the growth rate of the overseas market plummeted, with a year-on-year increase of only 8.76%. In 2023, the revenue growth rate for this segment reached 75.05%.

cls.cnApr 25 11:33 ET