Longi Reports Wider First-Half Net Loss as Solar Slump Persists
Longi’s net loss widened to 3.68 billion yuan for the six months through June, according to an exchange filing. The deficit compared with 2.57 billion yuan a year earlier and was within its prior forecast range of 3.4 billion to 3.8 billion yuan. The worsening losses reflect a prolonged downturn in China’s solar sector.