technology, and the current hot perovskite stack technology. Longji Green Energy said: "The conversion efficiency of the crystalline silicon-perovskite tandem solar cell independently developed by the company reaches 35%, which once again refreshes the world record of the efficiency of the crystalline silicon-perovskite tandem solar cell." It believes that the current production cost , product stability and other factors are still the main factors affecting the economy of mass production.
The original text is as follows:
First, the interactive question-and-answer session
of the network text 1. BC is different from TOPCon. Why is there no more room for the price with TOPCon? Databm. Customers in domestic and overseas markets have a high degree of recognition, and there are different degrees of premium in centralized and distributed markets.
2. How about the shipment of components of Longji in the third quarter? About how many GW? What is the proportion of TOPCon components and BC components?
3. Whether the operating performance of Longji Q4 can turn from loss to profit, and what is the performance expectation for next year? The company will continue to improve its operation by increasing gross profit and reducing costs.
4. What is the mainstream range of our BC2.0 components at present? What is the mainstream power range of our TOPCon components? At present, the company's BC module production capacity is in the climbing stage, and it is expected to form 50GW production capacity by the end of 2025.
5. I would like to ask your company to invest in or control energy storage related companies, what is the latest progress or explanation of the company to the market? At present, the consumption of domestic power grid has become a key problem to be solved, and the combination of photovoltaic and energy storage will become an effective way to solve the intermittent problem of photovoltaic. The company is actively evaluating the combination of photovoltaic and energy storage business to seize market opportunities.
6. What is the proportion of Longji's participation in the silicon material purchase and storage plan? What are the main roles? At present, databm. Company is not directly involved in the specific business of silicon materials.
7. I would like to ask, in the third quarter of Longji's performance, the net profit attributable to the parent company is still a loss of 800 million yuan, but the net cash flow from operating activities is 2.3 billion yuan, which aspect has been improved and increased? In addition, the cash payment of employees'salaries has also been reduced.
8. The Company conducted an impairment test on the assets with signs of impairment, and proposed to make a provision for impairment of RMB894,299,800 from July to September 2025, mainly including the provision for inventory depreciation due to the decline in the prices of major products.
9. When will HIBC be ready for GW mass production? Do you have any communication with Hillhouse Capital? Is Hillhouse Capital preparing to exit in the near future or continue to invest in Longji Green Energy for a long time? HIBC module products can achieve power of 700W + under the size of 2382mm * 1134mm, and the efficiency of mass production modules can reach 25. (2) As of September 30, 2025, HHLR held 378,902,910 shares of the company. The shareholding ratio is
5.10. At present, the conversion efficiency of TOPCon is also improving. Will it weaken the leading edge of BC batteries? For example, the price advantage is difficult to maintain a 10-30% premium? BC modules have the performance advantages of high power, anti-attenuation, humidity and heat resistance, and have a good premium level in the centralized and distributed markets, and some overseas high-end markets have a more obvious premium.
2. Investor questions and replies
collected in advance at this meeting 1. The efficiency of perovskite crystalline silicon stack modules produced by fiber optoelectronics has reached 28%. What impact will this have on the crystalline silicon module market? How does Longji view the competition in the mass production of perovskite laminated modules in the photovoltaic industry? With the continuous breakthrough of monocrystalline silicon cell technology, there is still room for improvement in the conversion efficiency of mass production of crystalline silicon cells. In the research and development of stacked technology, the conversion efficiency of crystalline silicon-perovskite stacked solar cells independently developed by the company reached 35%, which refreshed the world record of the efficiency of crystalline silicon-perovskite stacked solar cells. However, from the actual development of perovskite batteries in the current industry, production costs, product stability and other factors are still the main factors affecting the economy of mass production. The company will continue to maintain research and attention on the technical route of perovskite batteries.
2. How about the capacity construction and shipment of HIBC components since its release in June 2025? HIBC module products can achieve a power of 700 W + under the size of 2382mm * 1134mm, and the efficiency of mass production modules can reach
25.3. In the third quarter of the company's BC shipments of about 5.5G W, 2. With the continuous release of the company's BC production capacity, it is expected that BC module shipments will steadily increase in the fourth quarter.
4. Do you want to know whether the company has a corresponding blueprint
for the development of offshore photovoltaic in the 15th Five-Year Plan? Answer: The company's BC module products have good adaptability and performance advantages in the application of sea light scenarios, especially in the complex marine environment. BC modules are resistant to salt fog, attenuation and typhoon, and can achieve higher power generation gain per unit area. While saving the sea area, they can greatly reduce the cost of supporting piles and cables, and realize the intensive development of offshore photovoltaic project resources. In the future, the company will continue to strengthen technology research and development and product innovation, accelerate the application of BC modules in offshore photovoltaic and other scenarios, and provide technical support for large-scale development of offshore photovoltaic projects.
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