Chinese Solar Producers Remain Pressured by Industry Overcapacity
LONGi and JA Solar posted second-quarter revenue declines of 17% and 37% year-on-year, respectively. Both remained deeply loss-making.
LONGi Green Energy Technology Co Ltd Class A 601012
Bulls Say, Bears Say
Bulls
LONGi gains market share as smaller players exit the industry during the current downturn.
Bears
It takes longer than expected for the industry to recover from overcapacity.
News
-
LONGi Becomes Official Partner of FC Bayern Munich, Uniting Solar Energy Innovation and Football Passion
-
35.5%! LONGi Once Again Breaks World Record for Crystalline Silicon-Perovskite Tandem Solar Cell Efficiency
-
LONGi Makes S&P Global Energy Premier List of Tier 1 Cleantech Companies 2026
-
Chinese Solar Stocks Rise After Plan to Cancel Export Tax Rebates
Trading Information
- Previous Close Price
- CN¥10.89
- Day Range
- CN¥10.87–11.34
- 52-Week Range
- CN¥10.75–23.57
- Bid/Ask
- CN¥11.21 / CN¥11.22
- Shares Outstanding
- 7.58B
- Market Cap
- CN¥84.95B
- Volume/Avg
- 88M / 95M
Key Statistics
- Price/Earnings (Normalized)
- —
- Price/Sales
- 1.31
- Dividend Yield (Trailing)
- 0.00%
- Dividend Yield (Forward)
- 0.00%
- Dividend Payment Schedule
- —
- Total Yield
- —
Company Profile
LONGi Green Energy Technology is one of the largest integrated solar companies in the world. Following an acquisition in January 2026, it has expanded into energy storage systems. LONGi’s products are sold in more than 150 countries and regions.
- Sector
- Technology
- Industry
- Semiconductor Equipment & Materials
- Stock Style Box
- Large Core
- Total Number of Employees
- 32,775
- Website
- https://www.longi.com
Competitors
Valuation
|
Metric
|
601012
|
002459
|
002129
|
|---|---|---|---|
Price/Earnings (Normalized) | — | — | — |
Price/Book Value | 1.75 | 1.13 | 2.02 |
Price/Sales | 1.31 | 0.52 | 1.23 |
Price/Cash Flow | 14.56 | 6.03 | 7.58 |
Price/Earnings
601012
002459
002129
Financial Strength
|
Metric
|
601012
|
002459
|
002129
|
|---|---|---|---|
Quick Ratio | 0.91 | 0.68 | 0.66 |
Current Ratio | 1.28 | 1.13 | 0.98 |
Interest Coverage | −7.77 | −3.04 | −5.06 |
Quick Ratio
601012
002459
002129
Profitability
|
Metric
|
601012
|
002459
|
002129
|
|---|---|---|---|
Return on Assets (Normalized) | −5.38% | −5.57% | −7.75% |
Return on Equity (Normalized) | −15.06% | −25.84% | −41.13% |
Return on Invested Capital (Normalized) | −8.46% | −7.35% | −8.13% |
Return on Assets
601012
002459
002129
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