LONGi Green Energy Technology (601012) Q1 2026 earnings summary

Executive summary

• Q1 2026 saw a significant net loss, with net profit attributable to shareholders at -RMB 1.92 billion, a 34.2% increase in loss year-over-year, mainly due to adverse exchange rate fluctuations and reduced foreign exchange gains.

• Operating revenue declined 18.03% year-over-year to RMB 11.19 billion.

• Wafer shipments reached 20.49 GW (7.64 GW external sales), and module shipments were 12.62 GW (8.34 GW BC modules).

Financial highlights

• Operating revenue: RMB 11.19 billion, down 18.03% year-over-year.

• Net profit attributable to shareholders: -RMB 1.92 billion (Q1 2025: -RMB 1.43 billion).

• Net cash flows from operating activities: -RMB 2.45 billion, a 40.13% larger outflow year-over-year.

• Basic and diluted EPS: -0.25 RMB/share (Q1 2025: -0.19 RMB/share).

• Weighted average return on equity: -3.61%.

Outlook and guidance

• Management highlighted the impact of exchange rate volatility and lower collections of accounts receivable, indicating ongoing operational and financial pressures.