LONGi improves operational resilience in 2025 through BC technology growth and integrated solar and storage expansion

LONGi has released its 2025 annual report showing an operating revenue of CNY 70.347 billion (8.57 billion EUR)*. Despite a market imbalance between supply and demand and downward pressure on prices within the photovoltaic sector, the company reduced its net loss attributable to shareholders by CNY 2.173 billion (264.71 million EUR)* compared to the previous year. This improvement is attributed to internal management innovations and cost efficiency initiatives.

Strategic cost management improves operational resilience through reduced expenses

The company focused on operational efficiency in 2025 which resulted in a positive net cash flow from operating activities. Selling expenses and administrative expenses decreased by 29.96% and 23.67% respectively. Total operating costs for the year fell by 8.72% to CNY 69.777 billion (8.50 billion EUR)*. To support its financial position LONGi issued a green corporate bond of CNY 2.4 billion (292.37 million EUR)* which was the first of its kind for a private technology enterprise in China.

Global wafer and module shipments confirm LONGi market leadership in 2025

The wafer business segment maintained its market position with total shipments of 111.56 GW while reducing non-silicon process costs by 29%. In the module segment LONGi achieved shipments of 86.58 GW along with external cell shipments of 4.31 GW. The company utilized a specific strategy for different international markets to increase its market share, particularly in high growth regions.

High performance HPBC 2.0 technology achieves mass production efficiency of 24.8%

Demand for BC technology increased in 2025 with total sales of BC modules reaching 22.87 GW. The HPBC 2.0 modules now achieve an average mass production power between 650W and 660W with a maximum conversion efficiency of 24.8%. By the end of 2025, LONGi established an in-house cell capacity of 46 GW for HPBC 2.0 technology to ensure the stable delivery of high-power products.

Localized market strategies drive 18% growth in European module sales

In the European market, LONGi recorded an 18% year-on-year growth in module sales. The company also saw significant increases in other regions including a 54% rise in Latin America and a 76% increase in Australia where it reached 1.3 GW in sales. To address trade policy barriers in the United States the company adjusted its local footprint and supply chain to allow its joint venture factory to reach full production capacity.

Investment in R&D supports the transition to integrated solar and storage solutions

LONGi invested CNY 4.3 billion (523.82 million EUR) into research and development during 2025. As of the end of the year, the company held 3,690 patents including 510 related to BC technology. The company is currently integrating its solar and storage businesses to transition from a product provider to an integrated solar plus storage solution provider. This transition involves leveraging acquired energy storage technology and utilizing existing global distribution channels.

‍

*To ensure technical accuracy for the European market, all financial figures have been converted using the exchange rate from December 31, 2025 (1 CNY = 0.1218 EUR).