LONGi Green Energy Technology (601012) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 16.82bn, down 7.08% YoY; net loss attributable to shareholders was RMB 1.03bn, narrowing QoQ, with margins improving YoY and QoQ and operating cash flow turning positive in the quarter.

• 9M revenue was RMB 43.86bn, down 13.85% YoY; net loss attributable to shareholders was RMB 4.71bn, up 38.48% YoY.

Financial highlights

• 9M total costs were RMB 48.90bn, including RMB 42.53bn of operating costs; reported operating loss was RMB 5.16bn.

• 9M net loss excluding non-recurring items was RMB 5.53bn; non-recurring gains totaled RMB 820.1m, including RMB 601.4m in government grants and RMB 433.1m in financial asset gains, partly offset by other items.

• 9M consolidated net loss was RMB 4.95bn, versus RMB 3.45bn a year earlier; basic and diluted EPS were both -RMB 0.62, versus -RMB 0.45.

Segment performance

• 9M module shipments were 48.61GW; BC module sales were 31.64GW, up 118.58% YoY, and exceeded 65% of shipments, with a higher mix in overseas and distributed markets.

• Q3 BC module gross margin improved 6.27 percentage points versus H1; storage offerings expanded across utility-scale, commercial and industrial, and off-grid/microgrid applications.