Longi Green Energy Technology Co., Ltd. Class A · SSE:601012
Longi Green Energy Technology Co., Ltd. Class A — FY2024 and Q1 2025 Earnings Presentation
16 slides from Longi Green Energy Technology Co., Ltd. Class A's earnings presentation, Apr 30, 2025
Slide 1: 2024 & 2025Q1 Results Presentation
LONGi Green Energy Technology Co., Ltd. 2024 & 2025Q1 Results Presentation April 30, 2025 | 7 Ls
Slide 2: Contents
Contents O01 Industry Snapshot 02 Business Review 03 Future Outlook
Slide 3: Industry Snapshot
1
Slide 4: Global solar boom continued in 2024 with about GW-scale markets
LONGI Global solar boom continued in 2024 with about 37 GW-scale markets >» Inthe context of global energy transition, solar power, as a sustainable and clean energy source, is widely used around the world. The global solar installations in 2024 hit 530GW, up 36% yoy, with about 37 markets reaching
Slide 5: Industry supply and demand imbalance intensified, and solar prices fell below production cost in 2024
LONGI Industry supply and demand imbalance intensified, and solar prices fell below production cost in 2024 > The industry supply and demand imbalance intensified although the global demand maintained growth in 2024. Solar prices continued to decline and even fell below the production cost, resultin
Slide 6: Business Review
2
Slide 7: Results impacted by industry adjustment, and net operating cash flow in 2024Q4 improved
LONGI Results impacted by industry adjustment, and net operating cash flow in 2024Q4 improved a In 2024, during the industry adjustment, the prices of the company’s main products, wafers and modules, down 61% and 39% yoy, respectively. The solar price decline and technology upgrading led to asset im
Slide 8: Product delivery made steady progress, while HPBC module shipments saw a yoy surge
LONGI Product delivery made steady progress, while HPBC module shipments saw a yoy surge Cell & module shipments (GW) HPBC module shipments (GW) ,<—- 82.32 << 17.33 BC 73.42 accounted for >20% 5.95 2023 2024 2023 2024 Mono wafer shipments (GW) Wafer shipment breakdown (GW) The company controlled 125
Slide 9: Devote to self-dependent innovation of technologies with remarkable R&D achievements
LONGI Devote to self-dependent innovation of technologies with remarkable R&D achievements > Wafers: achieved a breakthrough on solar wafer performance in the last decade TaiRay wafers: adopting new ingot pulling process of TRCz | Featuring good resistivity concentration and gettering performance, a
Slide 10: Breakthrough made on BC technology with roll-out of HPBC2.0 modules for all scenarios
LONGI Breakthrough made on BC technology with roll-out of HPBC2.0 modules for all scenarios >» Since May 2024, the company rolled out modules for all scenarios based on high-efficiency HPBC2.0 cells adopting self-developed TaiRay wafers, which made great breakthroughs on module output power, efficie
Slide 11: Products recognized by industry authorities and brand influence continuously improved
LONGI Products recognized by industry authorities and brand influence continuously improved Q Retained AAA rating in the PV ModuleTech Q bankability ratings for 21 consecutive quarters \ Won module awards of TUV Rheinland “All Quality Matters” for 8 consecutive years Q Named Top Performer in PVEL PV
Slide 12: Actively practice the concept of ESG and promote sustainable development of the enterprise
LONGI Actively practice the concept of ESG and promote sustainable development of the enterprise > In 2024, the company actively promoted energy conservation and emission reduction in production and the use of renewable electricity, accelerated the product carbon footprint management system and cert
Slide 13: Solar industry continued fluctuation in 2025Q1, and the company reported yoy decline of operating loss
LONGI Solar industry continued fluctuation in 2025Q1, and the company reported yoy decline of operating loss through operation improvement In the first quarter of 2025, the solar industry was still in the adjustment stage. Although the solar prices have recovered 1 slightly in March, the prices for
Slide 14: Future Outlook
3
Slide 15: Operation guidance for 2025
Operation guidance for 2025 LONGI >» In 2025, the company will focus on optimizing the production capacity structure, pool resources for the construction and upgrading of high-efficiency HPBC 2.0 production capacity, and promote the continuous increase of the BC product market share. Meanwhile, the
Slide 16: Slide 16
LONGi Green Energy Technology — FY2024 and Q1 2025 Earnings Presentation on 6ix