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SHA:601012

7 stories mentioning SHA:601012

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Asia

Market Chatter: Chinese Solar Panel Giants Struggling to Make Ends Meet on Oversupply Woes

The top lines of Chinese solar panel giants struggled in the first quarter as they face overcapacity and subsidy-fueled exports, Nikkei Asia reported Tuesday.Jinko Solar's (SHA:688223) revenue slipped 12% year over year to 12.2 billion yuan in the first quarter, while LONGi Green Energy Technology (SHA:601012) registered a negative profit margin after costs exceeded revenue, the report said.Jinko and Trina Solar (SHA:688599) eked out gross profits, but they were not enough to offset fixed costs, the report said.Overcapacity has also driven a plunge in prices, with the prices of panels falling 60% from their peak in 2021, Nikkei said, citing research firm CEIC.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

SHA:601012SHA:688223SHA:688599
Asia

Market Chatter: China Solar Panel Makers Seek Foray into Storage Systems Amid Lower Photovoltaic Sales

China's top solar panel makers are scrambling to diversify into battery storage expansion as photovoltaic installations slow, Reuters reported Thursday, citing company executives.For instance, Jinko Solar (SHA:688223) is looking to grow its battery manufacturing capacity to up to 14 gigawatt-hours from 5 gigawatt-hours, Reuters said, citing regional technical head for energy storage systems Titus Koech.JA Solar Technology's (SHE:002459) battery products were on display at its booth during the SNEC photovoltaic conference, marking a shift from its usual solar energy demonstrations, the report said.LONGi Green Energy Technology (SHA:601012) advertised its solar-plus-storage integration on the conference's screen, the report said.For a Trina Solar (SHA:688599) executive, the integration is the "second growth curve" following solar energy, Reuters said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSESHA:601012SHA:688223SHA:688599SHE:002459
Asia

LONGi Expects to Trim Conversion Price of 7 Billion Yuan Convertible Bonds

LONGi Green Energy Technology (SHA:601012) is expected to lower the conversion price of a 7 billion yuan convertible bond that was issued in 2022, according to a Shanghai bourse filing on Friday.The conversion price of the six-year Long 22 Convertible Bond could be reduced if the closing price of the company's shares is lower than 85% of the current conversion price for at least 15 trading days.The solar wafer manufacturer's stock closing price between May 21 and June 4 has been lower than 85% of the current conversion price of 14.8 yuan per share.

SHA:601012
Asia

Anhui Deli Household Glass Ends Photovoltaic Glass Deal After Unit's Closure

Anhui Deli Household Glass (SHE:002571) terminated a long-term photovoltaic glass procurement deal with LONGi Green Energy Technology (SHA:601012) after a unit suspended production, according to a Shenzhen bourse filing on Wednesday.The unit, Bengbu Deli Photovoltaic Materials, suspended production due to an imbalance in supply and demand and declining glass prices.The deal was first signed in 2021 between Bengbu Deli and ten of LONGi's subsidiaries.

SHA:601012SHE:002571
US Markets

LONGi Extends Losses in Q1 Despite Higher Module Prices

LONGi Green Energy Technology (SHA:601012) logged a wider attributable loss in the first quarter, extending losses from 2025, despite higher module prices failing to offset the effects of exchange rate fluctuations.The solar wafer manufacturer's attributable loss widened by 34% to 1.92 billion yuan from 1.43 billion yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.LONGi recorded a loss per share of 0.25 yuan, wider than the 0.19 yuan recorded in the prior-year period.Operating revenue declined 18% year-over-year to 11.2 billion yuan from 13.7 billion yuan.The company incurred exchange rate losses of 247.6 million yuan during the period compared with gains of 271.9 million yuan in the prior-year period due to rate fluctuations.The decline came despite a 15% to 20% rise in solar module prices in line with price increases of silver, Bloomberg reported separately the same day, citing its data.Exports of solar cells from China increased 38% year over year in the first quarter, even soaring 80% following the war in Iran.LONGi was among the Chinese solar wafer manufacturers that raised prices in Japan to cover higher material costs and government support cuts.Silicon wafer shipments reached 20.5 gigawatts, with 7.64 gigawatts sold externally.Module shipments reached 12.6 gigawatts.Total operating costs shrank to 13.4 billion yuan from 15.6 billion yuan a year prior.Attributable loss in 2025 narrowed to 6.42 billion yuan in 2025 from 8.59 billion yuan, after adjustments.

SHA:601012
Asia

LONGi's 2025 Loss Narrows; Shares Fall 3%

LONGi Green Energy Technology's (SHA:601012) attributable loss narrowed to 6.42 billion yuan in 2025 from 8.59 billion yuan, after adjustments, in 2024, according to a Wednesday filing with the Shanghai bourse.The solar wafer manufacturer's loss per share reached 0.85 yuan, narrower than the 1.14 yuan loss recorded in the previous year.Operating revenue declined 15% year over year to 70.3 billion yuan from 82.6 billion yuan.Shares decreased 3% during morning trading on Wednesday.

SHA:601012
Asia

LONGi's Attributable Loss Widens in Q1; Shares Fall 3%

LONGi Green Energy Technology's (SHA:601012) attributable loss widened to 1.92 billion yuan in the first quarter, from 1.43 billion yuan in the year-ago period, according to a Wednesday filing with the Shanghai bourse.The solar wafer manufacturer logged a loss per share of 0.25 yuan, wider than the 0.19 yuan recorded in the prior-year period.Operating revenue declined 18% year over year to 11.2 billion yuan from 13.7 billion yuan.Shares decreased 3% during morning trading on Wednesday.

SHA:601012