this post was submitted on 10 Nov 2025
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China: Major solar manufacturers report steep losses amid continued price declines and high inventory levels, raising concerns about overcapacity across the PV supply chain (www.pv-magazine-australia.com)
submitted 3 months ago by Hotznplotzn@lemmy.sdf.org to c/technology@lemmy.zip
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cross-posted from: https://lemmy.sdf.org/post/45406772

cross-posted from: https://lemmy.sdf.org/post/45406669

Archived

Longi Green Energy posted a net loss of AUD180 million (USD 116 million) in the third quarter of 2025, narrowing from $272 million a year earlier as weak demand and price pressure weighed on margins. Revenue fell 9.8% year on year to $3.9 billion. For the first three quarters, revenue totaled $11 billion, down 13.1%, while net losses narrowed 47.5% to $739 million.

The company shipped 38.15 GW of wafers and 63.43 GW of cells and modules during the period. BC-series shipments reached 14.48 GW, with HPBC 2.0 modules accounting for 23% of total deliveries. Operating cash inflow was $390 million.

JinkoSolar recorded a net loss of $220 million in the third quarter of 2025 as revenue fell 34.1% year on year to $3.5 billion. Cumulative module shipments for the first three quarters reached 61.9 GW, including more than 200 GW of total N-type Tiger Neo deliveries, while energy storage system shipments exceeded 3.3 GWh.

The company maintained its 2025 full-year shipment guidance at 85โ€“90 GW for modules and 6 GWh for storage systems.

JA Solar registered a net loss of $210 million in the third quarter of 2025, reversing a profit in the same period last year, as revenue fell 34.1% year-on-year to $2.7 billion.

Cumulative module shipments for the first three quarters reached 52 GW, including 18.17 GW in the third quarter. The company expects full-year module shipments of 70โ€“75 GW in 2025 and anticipates faster growth in its energy storage segment.

Flat Glass Group said unaudited revenue for the third quarter ending Sept. 30 was $1 billion, with profit attributable to shareholders totaling $81.3 million. Revenue for the first nine months of 2025 reached $2.69 billion, down 14.6% year-on-year, while profit fell 50.8% to $137 million.

Xinte Energy posted a net loss of $113 million for the nine months ending Sept. 30, 2025, with revenue of $2.5 billion attributable to shareholders of the listed company.

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