LONGi Green Energy projects larger first-half loss for 2026
Chinese solar panel manufacturer LONGi Green Energy Technology expects a net loss attributable to shareholders between 3.4 and 3.8 billion yuan for the first half of 2026. This represents a year-on-year increase in losses.
LONGi Green Energy Technology, a major Chinese solar panel producer, has issued a profit warning indicating a significant expected loss for the first half of 2026. The company anticipates a net loss attributable to shareholders in the range of 3.4 to 3.8 billion yuan (approximately $470-525 million USD). This projected loss signifies an increase of 32.35% to 47.92% compared to the same period in the previous year.
The company attributes the widening losses primarily to the challenging conditions in the photovoltaic industry, characterized by an imbalance in supply and demand. Domestic installations saw a significant slowdown in the first half due to insufficient grid capacity for new energy sources and a high comparison base from the prior year's installation rush. Consequently, LONGi experienced a decline in module sales and revenue, leading to underutilization of its production facilities and reduced profit margins. Additional financial pressures arose from investment losses in associated companies and foreign exchange losses stemming from the appreciation of the Chinese yuan.
Beyond the core operational challenges, LONGi also forecasts a loss of 3.7 to 4.2 billion yuan (approximately $510-580 million USD) after non-recurring items for the January-June 2026 period. Despite these financial headwinds, the company is continuing its strategic focus on technological advancement, particularly in full conversion to BC (Back Contact) technology for its solar modules. LONGi is also expanding its integrated solar and energy storage solutions, branded as "LONGi ONE," to cater to various scales from large power plants to industrial parks, while strengthening its localized capabilities in overseas markets.
This forecast reflects broader industry pressures within the solar sector, as companies navigate market volatility and technological shifts. While LONGi's commitment to innovation and global expansion aims to secure its long-term market position, the projected financial results highlight the immediate operational and economic challenges it faces.