Photovoltaic Industry in China Falls into Cyclical Losses, Hinted by LONGi Green Energy's Performance Forecast.

On January 16th, LONGi Green Energy Technology Co., Ltd. released its full-year performance forecast for 2024. The forecast shows that due to the intensified industry competition, the company's BC second-generation products are in the initial stage of listing, the prices and gross profit margins of PERC and TOPCon products have been continuously declining, the production capacity utilization rate is limited, the technological iteration has led to an increase in the provision for asset impairment, and the investment income of the silicon material enterprises in which the company has a stake has incurred losses. The combined complex industry situation has led to a loss in LONGi Green Energy's performance last year compared with the same period of the previous year.

At present, although many photovoltaic enterprises have not yet released their 2024 performance forecasts, it is expected that the industry will generally fall into cyclical losses. Wang Bohua, the honorary chairman of the China Photovoltaic Industry Association, once said at the "2024 Photovoltaic Industry Annual Conference" that the loss scale caused by this industry fluctuation far exceeds that of the previous three industry fluctuations, and the impact is also greater.