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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.
JinkoSolar Holding Co., Ltd. (JKS) Q2 2024 Earnings Call Transcript Summary
Solar Module Company JinkoSolar's Q2 Earnings: 22% Revenue Drop, Margins Hit By Lower Average Selling Price
Earnings Snapshot: JinkoSolar Q2 Solar Module Shipments Grows 34% Y/Y; Reaffirms FY Outlook
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