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

Warren Buffett's 60-Year Legacy: What to Watch for at Berkshire Hathaway Shareholders Meeting?

Moomoo News GlobalApr 29 05:49 ET · Headlines

Shenzhen Mindray Bio-Medical Electronics' Q1 revenue decreased by 12.12% year-on-year, and Net income decreased by 16.81% year-on-year | Earnings Reports Insights.

More news is being continuously updated.

wallstreetcnApr 28 12:31 ET

S.F. Holding's Q1 revenue rose by 6.9% year-on-year, with international business growth of 9.9%, and a slight improvement in profitability | Earnings Reports insights.

In the first quarter, S.F. Holding's revenue reached 69.85 billion yuan, a year-on-year increase of 6.9%, with a Net income of 2.23 billion yuan, up 16.9% year-on-year, and a total parcel volume that grew by 19.7% to 13.56 billion pieces. Additionally, the company's Business structure continues to optimize, with express Logistics revenue growing by 7.2% and supply chain and international Business increasing by 9.9%.

wallstreetcnApr 28 09:10 ET

SF Express: In the first quarter of 2025, net income increased by 16.9%, and comprehensive Logistics business continued to strengthen.

SF Holding's performance in the first quarter of 2025 is stable: Net income increases by 16.9%, and the comprehensive Logistics Business continues to gain strength. Key highlights: Financial performance: In the first quarter...

wallstreetcnApr 28 08:12 ET