Longi Green Energy Technology Co., a prominent Chinese solar manufacturer, anticipates a significant widening of its net loss for the first half of 2026. The company projects a net loss ranging from 3.4 billion yuan ($501 million) to 3.8 billion yuan ($558 million) for the initial six months of the year. This marks a substantial increase compared to the 2.57 billion yuan ($379 million) loss reported in the same period last year.
This deeper loss comes despite an earlier surge in solar exports, indicating that market conditions and other factors are overriding export gains. The company's filing with the Shanghai Stock Exchange highlighted persistent supply-demand imbalances across the industry as a primary contributor to the worsened financial performance. Other factors include limited grid absorption capacity for new renewable installations and a sharp decline in new domestic PV additions in the first half of 2026, following a pre-deadline installation rush in the previous year.
Additional pressures cited by Longi include slumping module sales, low operational rates, compressed gross margins, investment losses from associated companies, and foreign-exchange losses stemming from fluctuations in the RMB currency. These combined challenges have collectively deepened the overall deficit for the vertically integrated leader in wafers and modules. Despite these headwinds, Longi is strategically focusing on BC (Back Contact) technology and increasing its overseas sales to navigate the prolonged industry downturn.
