of 2026, CSIQ achieved revenue of $ 1.1 billion (equivalent to about RMB 7.65 billion ). The net loss was 32.1 million US dollars (equivalent to about 220 million RMB ), which narrowed by about 5.
CSIQ achieved PV module shipments of 2.5g W, down 64% year-on-year; Energy storage system shipments 2.
In addition, Qu Xiaohua, the current executive chairman and chief technology officer, also revealed that. The company is transforming from a sales-oriented expansion model to a value-oriented model.
It is worth noting that in the first quarter of 2026, CSIQ's gross profit margin reached 25.
As of March 31, 2026, CSIQ's total global solar project development reserve was about 24 GW . The total development reserve of the energy storage project is about 81 GWh .
Looking ahead to the second quarter, CSIQ expects total revenue of US $1 billion to US $1.2 billion (equivalent to about RMB 6.95 billion to RMB 8.34 billion ) in the reporting period. Gross profit margin is expected to fall to 13% -15% (25 in the first quarter).
In terms of shipments, CSIQ expects module shipments in the second quarter to be between 3.1 and 3.3 GW. Annular growth of 24% -32% ; Energy storage system shipments are expected to be 2.8-3.
In addition, when disclosing the first quarter financial report and the business outlook for the second quarter of 2026, Qu Xiaohua said: CSIQ is continuously strengthening its investment in the manufacturing sector in the United States.
As of May 2026, CSIQ's component factory capacity in the United States has reached 5G W . It is planned to expand the capacity to 10GW in the second half of 2026.
. CSIQ expects module shipments to be between 6.5G W and 7 GW in 2026; Shipments of energy storage systems are expected to range from 4.5G Wh to 5.
"We expect demand for energy storage to grow significantly in the second half of the year, and the benefits of increased solar cell production capacity in the United States will be more significant," Qu Xiaohua said. In the
secondary market, CSIQ shares fell more than 11% on May 14 , closing at $17.815 per share ; Shares of A-share Kechuang Atlas fell 4.89% on May 15 , closing at 14.
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