China Longi Green Energy Technology Co., Ltd. has recently experienced a significant decline in its stock value, with a drop of nearly 46 billion yuan. As of April 28, 2025, the company’s stock price fell sharply, raising concerns about its financial performance.
On April 24, Longi Green Energy released its annual report for 2024, indicating a revenue of 701.21 billion yuan, which represents a 14.02% decrease compared to the previous year. The report also noted a loss of 46.56 billion yuan, a stark contrast to the revenue growth of 10% seen at the end of the previous year.
Looking ahead to the fourth quarter of 2024, Longi Green Energy is expected to face further challenges, with projected losses reaching 41.72 billion yuan. This is indicative of a broader trend, as the company’s performance has been adversely affected by declining product prices and unfavorable market conditions.
Despite the challenges, the company’s revenue from its main business operations remains strong, accounting for 95% of its total revenue. In 2024, it is expected that Longi will generate 666.28 billion yuan from its core business, which is a 14.77% decrease year-on-year.
Longi’s production capacity is projected to reach 100 GW by the end of 2024, with expectations that its solar cell production will account for 80% and battery production for 70% of total capacity. The company aims to maintain a high level of operational efficiency as it navigates through these challenges.
In terms of market strategy, Longi is focusing on expanding its sales in international markets, particularly in regions such as Europe and North America. The company’s management has indicated that it plans to accelerate its overseas expansion efforts, especially in response to increasing demand for solar energy solutions.
Additionally, Longi has been actively investing in new technologies and innovations to enhance its competitiveness in the renewable energy sector. By 2025, the company aims to establish a robust international presence, which will significantly contribute to its growth and recovery.
Overall, while Longi Green Energy faces significant challenges, its management is optimistic about the company’s long-term prospects and is committed to implementing effective strategies to ensure sustainable growth in the coming years.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/crystal-technologys-stable-health-faces-losses-of-46-billion-yuan-in-2024/
