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The solar market competition is still fierce, with both longi green energy technology and jinkosolar reporting a turnaround from profitability to loss. | Financial report insights
Facing the challenges of intensified competition and price fluctuations in the global photovoltaic industry, both photovoltaic giants Longi Green Energy and JinkoSolar have reported a loss in profit. According to Longi Green Energy's half-yearly report for 2024, the company's performance has been poor in the first half of the year, with revenue falling by more than 40% year-on-year, and the company's profit turning into a loss compared to the same period last year. JinkoSolar's second-quarter revenue also declined by 22% year-on-year, and similarly turned into a loss compared to the same period last year.
Improvement in water supply situation, China Yangtze Power's net profit in the first half of the year increased by nearly 30% year-on-year | Interpretations of financial reports
① The water supply situation for hydropower has improved year-on-year, and China Yangtze Power earned more than 11 billion yuan in the first half of the year; ② In the first half of the year, the company's domestic hydropower installed capacity was 71.695 million kilowatts, accounting for 16.79% of the national hydropower installed capacity.
Longi green energy technology and Tongwei co.,ltd postponed their mid-term reports. The five leading photovoltaic companies will submit their reports tomorrow evening.
① Two leading photovoltaic companies announced on the same day that the interim report disclosure was postponed by one day. Tomorrow night, the top five leading photovoltaic companies will release their interim reports at the same time. ② The continuous decline in prices of main products in the first half of the year raises the biggest suspense as to whether Trina Solar Co., Ltd. and Jinkosolar can sustain profitability.
TCL Corporation is making a comeback.
Performance is improving.
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