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Longi Reports Wider First-Half Net Loss as Solar Slump Persists

LONGi Green Energy Technology logoLONGi Green Energy Technology
Sig2.90Sen-5.60Env0.00Soc0.00Gov0.00

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.

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