Eight consecutive quarters of losses! Longji three quarterly report announced!

On October 29, Longji Green Energy released its third quarter report of 2025 .

The report shows that Longji Green Energy achieved revenue of 50 billion 915 million yuan in the first three quarters of 2025, down 13.10% from the same period last year; Net profit loss of 3.403 billion yuan . Revenue in the third quarter was 18 billion 101 million yuan , down 9.78% year on year; Net profit loss of 834 million yuan .

As for performance changes, Longji said that it was mainly affected by the environment of low-price involution competition in the photovoltaic industry , and that the company did not make profits during the reporting period, but through customer-centered value creation. Through management innovation, cost reduction and efficiency enhancement, the unit manufacturing cost, period cost and asset impairment loss of major products were reduced rapidly, and the accumulated net profit attributable to the parent company from January to September was reduced by about 48% compared with the same period last year.

Data show that Longji Green Energy has lost 942 million yuan in net profit as early as the fourth quarter of 2023.

Then in 2024, Longji Green Energy continued to lose 2.35 billion yuan, 2.893 billion yuan, 1.261 billion yuan and 2.113 billion yuan respectively in each quarter; After entering 2025, its quarterly report showed a net profit loss of 1.436 billion yuan during the reporting period, according to which the company's net profit loss in the second quarter was 1.133 billion yuan .

So far, the net profit of Longji Green Energy has been in a loss state for 8 consecutive quarters . However, it is noteworthy that Longji Green Energy has substantially reduced its losses for three consecutive quarters.