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Longi Green Energy has urged tougher checks to control declining standards in China's solar sector, saying that excess competition and too many players have weakened product quality in the past two to three years. Chairman Zhong Baoshen raised this concern at a major industry forum in Beijing, soon after President Xi Jinping pressed for the removal of outdated capacity and a reduction in harmful price competition. Longi itself reported a revenue fall of 36 percent and a net loss last year, and is now betting on newer BC and HPBC products to restore competitiveness.
Longi Green Energy's chairman, Zhong Baoshen, has called for stricter spot inspections across China's solar manufacturing sector to address declining product quality and a growing imbalance between supply and demand. He noted that in the past two to three years, rising competition and an excessive number of manufacturers have lowered the overall standards of solar products. Zhong said that the industry must act firmly to prevent this from continuing in order to protect the reputation of China's photovoltaic sector. Advertisement
His remarks were made during the China New Energy International Forum and Exhibition in Beijing. They came shortly after President Xi Jinping urged the removal of outdated production capacity and stressed the need to curb disorderly price competition. The President also asked industry associations to take concrete measures to ensure that product quality improves.
Longi itself has faced difficulties in the changing market. In the past year, the company's revenue fell 36.2 percent to CNY 82.58 billion, while it posted a net loss of CNY 8.62 billion after having reported profit earlier. The company attributed this decline to industry overcapacity, a mismatch in supply and demand, falling solar product prices, weaker output of new-generation products, and asset impairments.
Zhong Baoshen had earlier described 2024 as a particularly difficult period for Longi, but expressed that the supply-demand imbalance is expected to improve gradually as the market adjusts. To strengthen its position, the company is also investing in technology shifts, focusing on back-contact (BC) and hybrid passivated back contact (HPBC) modules, which are seen as higher-efficiency products and could help reduce cost gaps with competing technologies.
Source Reuters
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