CONNECT WITH US
Climate & Energy

Climate & Energy

Chinese PV Industry Brief: JA, Longi, Tongwei report widening losses

pv magazine Global logo

Published on

Add as a preferred source on Google
Chinese PV Industry Brief: JA, Longi, Tongwei report widening losses

JA reported revenue of CNY 28.113 billion ($4.13 billion) for the first nine months of 2026, down 23.62% year on year, according to its third-quarter financial results released on Oct. 29. Its net loss attributable to shareholders widened to CNY 3.64 billion ($535 million) from CNY 3.558 billion a year earlier. Third-quarter revenue reached CNY 10.616 billion ($1.56 billion), while its quarterly net loss attributable to shareholders stood at CNY 974 million ($143 million). At an investor briefing on Oct. 30, the company said third-quarter solar cell and module shipments totaled 13.97 GW, up about 35% quarter on quarter. Shipments for the first nine months reached 36.22 GW, with overseas markets accounting for 60.92% of module shipments.

Longi reported revenue of CNY 43.864 billion ($6.45 billion) for the first nine months of 2026, down 13.85% year on year, according to its third-quarter financial results released on Oct. 30. Its net loss attributable to shareholders widened to CNY 4.713 billion ($693 million) from CNY 3.403 billion a year earlier. Module shipments totaled 48.61 GW during the period, including 31.64 GW of back-contact (BC) modules, up 118.58% year on year and accounting for more than 65% of total module shipments. The company posted a third-quarter net loss attributable to shareholders of CNY 1.029 billion ($151 million), narrowing from the second quarter. Its BC module gross margin improved by 6.27 percentage points from the first half of the year.

69% year on year, according to its third-quarter financial results released on Oct. 30.



Source link
Related Topics:Climate & Energy

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.