LONGi Green Energy Technology (601012) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was ¥11.19 billion, down 18.03% year-over-year from ¥13.65 billion.

• Net loss attributable to shareholders widened to ¥1.92 billion from ¥1.43 billion in Q1 2025, a 34.2% increase in losses.

• Basic and diluted EPS both declined to -¥0.25 from -¥0.19 year-over-year.

• Cash flow from operating activities was negative ¥2.45 billion, a 40.13% larger outflow than the prior year.

Financial highlights

• Gross margin declined as cost of sales remained high relative to falling revenue.

• Operating loss increased to ¥2.19 billion from ¥1.59 billion year-over-year.

• Total assets at quarter-end were ¥153.16 billion, slightly down from ¥153.80 billion at year-end 2025.

• Shareholders’ equity decreased by 6.15% to ¥50.94 billion.

• Non-recurring gains totaled ¥214.68 million, mainly from government grants and asset disposals.

Outlook and guidance

• Management highlighted a significant increase in net loss due to adverse currency movements and reduced cash collections.

• Lower tax rebates and slower receivables recovery contributed to cash flow pressure.