Longi(601012)2025-01-16 09:22Financial Performance - The company expects a net loss attributable to shareholders of 8.2 billion to 8.8 billion CNY for the fiscal year 2024, indicating a significant decline compared to a net profit of 10.751 billion CNY in the previous year[4][6] - The projected net loss excluding non-recurring items for 2024 is estimated to be between 8.3 billion and 8.9 billion CNY[5] Market Conditions - The decline in performance is attributed to intensified industry competition, leading to a low production ratio of BC second-generation products and a continuous decrease in prices and gross margins for PERC and TOPCon products[7] Operational Developments - The company has successfully launched its local production capacity in the U.S., which has begun to generate profits[7] Innovation and Technology - The company emphasizes a focus on innovation and development, with breakthroughs in BC second-generation technology and advanced manufacturing models being promoted[7]