on August 1, the company achieved a significant increase in component shipments in the second quarter of 2025, and said it would maintain its annual operating target of 80 GW to 90 GW of component shipments, which was not revised downward.
Looking ahead to the changes in global photovoltaic market demand in the next few years, Longji Green Energy said that the growth rate of the three traditional markets in China, Europe and the United States has gradually slowed down, and that emerging markets such as Central and East Africa and India, driven by factors such as energy transformation strategy and rigid demand for electricity, have become the world's largest photovoltaic industry. It is expected to maintain a relatively high-speed growth.
The following is the full text:
1. What is the anti-involution situation of the photovoltaic industry?
Answer: In July 2025, the sixth meeting of the Central Committee on Finance and Economics made it clear that we should focus on key and difficult points, manage low-price and disorderly competition in accordance with the law and regulations, guide enterprises to improve product quality, and promote the orderly withdrawal of backward production capacity;
The Ministry of Industry and Information Technology held a symposium on manufacturing enterprises in the photovoltaic industry and proposed that low-price and disorderly competition in the photovoltaic industry should be comprehensively managed in accordance with the law and regulations, so as to guide enterprises to improve product quality, promote the orderly withdrawal of backward production capacity and achieve healthy and sustainable development. Under the guidance of the policy, there have been some positive changes in the photovoltaic industry.
2. How to look forward to the change of global PV market demand in the next few years?
Answer: After years of rapid growth, it is expected that the growth rate of global PV market demand will slow down from 2025. The three traditional markets of China, Europe and the United States have experienced a gradual slowdown in growth due to the impact of energy policy adjustment, power grid consumption bottlenecks and trade barriers; emerging markets such as Central and East Africa and India are expected to maintain a relatively high growth rate driven by factors such as energy transformation strategy and rigid demand for electricity.
3. What is the recent price of silicon wafers in the industry? The company's silicon wafer quotation level?
Answer: Recently, the price of silicon wafers in the industry has been significantly restored from the original low point. The company's silicon wafer quotation is determined with reference to the market price.
4. What is the current output scale of HPBC 2.0 batteries?
Answer: At present, the stable output of the company's HPBC 2.0 battery has reached 2GW/month.
5. What is the yield level of the current HPBC 2.0 battery production line?
Answer: At present, the yield of the company's HPBC 2.0 battery production line is about 97%.
6. According to recent news reports, the United States plans to launch an anti-dumping investigation on photovoltaic products in India, Indonesia and Laos. What is the impact on the company's Indonesian component factories?
Answer: The module production capacity jointly built by the company and Pertamina NRE, a new energy and renewable energy subsidiary of Pertamina Indonesia, is expected to reach 1.6GW, using the company's HPBC2.0 high-efficiency battery technology. It is used to meet the growing demand for high-efficiency photovoltaic modules in Indonesia and Southeast Asia. Therefore, the component project will not be affected by the possible anti-dumping investigation of the United States against Indonesia.
7. With reference to the domestic PV installed capacity in June 2025, will the company revise down the annual module shipment target for 2025?
Answer: The company continued to increase investment in customer-centric products and services, and achieved significant growth in component shipments in the second quarter of 2025. At the same time, relying on the differentiated competitive advantages of high-efficiency products such as HPBC2.0 components, the company actively obtained orders in domestic and foreign markets. Up to now , the company has maintained the operating target of 80-90 GW of component shipments for the whole year, and has not revised downward.
8. Concerned about the recent sale back announcement of the company's "Long 22 convertible bonds", does the company plan to revise the conversion price of convertible bonds downward?
Answer: Considering the current development stage of the industry, the company's operating conditions and other factors, based on the confidence in the company's long-term development in the future, the company has no plans to revise the conversion price of "Long 22 Convertible Bonds" downward for the time being.
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