28, Longji Green Energy , " Longji Green Energy
2025, Longji Green Energy achieved a revenue of 70.347 billion yuan , a year-on-year decrease of 14.82%, and a net profit loss of 6.420 billion yuan, a year-on-year decrease in losses ;
For the change of performance, Longji Green Energy said that in this year (2025), the company was subject to the adverse environmental impact of overcapacity and low-price competition in the photovoltaic industry. According to the annual report of https://www.databm.
, Longji Green Energy Components and Battery Products achieved revenue of 59.920 billion yuan in 2025, down 9.67% from the same period last year. Gross profit margin was 0.19% , a year-on-year decrease of 6.08 percentage points ; The revenue of silicon wafers and silicon rods was 6.540 billion yuan, down 20.3% year-on-year, and the gross profit rate was-5.3% , up
9.2025 year-on-year. Longji Green Energy shipped 111.56 GW monocrystalline silicon wafers and 86 components.
The annual report shows that in the fourth quarter of 2025, Longji Green Energy's revenue was 19.432 billion yuan. In the first quarter
of 2026, Longji Green Energy realized revenue of 11.192 billion yuan, down 18.03% year-on-year and 42.41% year-on-year; The net profit loss was 1.920 billion yuan, the loss margin increased year-on-year, the loss was reduced by 36.34% annually, and the non-net profit loss was 2.135 billion yuan, the loss margin increased year-on-year. Loss reduction on a month-on-month basis 26.
Net profit loss increased by 34.
Jingao Technology
In 2025, Jingao Technology achieved a revenue of 49.129 billion yuan, a year-on-year decrease of 29.94%, and a net profit loss of 4.608 billion yuan, a year-on-year decrease of 1.02% ; Deducting non-net profit loss of 5.027 billion yuan, compared with the same period last year, the loss increased 17.
From the product dimension, in 2025, Jingao technology photovoltaic module products achieved revenue of 45.031 billion yuan, a decrease of 32.41% compared with the same period last year; Gross profit margin was -4.03% , representing a decrease of 8.85pp (percentage point) as compared with the same period of last year; Photovoltaic cells realized revenue of 1.373 billion yuan, an increase of 58.87% over the previous year, and gross interest rate of-17.88% , an increase of 117.25
% over the previous year. Jingao Technology 's battery module shipments were 69.563 GW (including 157 MW for self-use), of which overseas module shipments accounted for 51.
2025 in the fourth quarter. Jingao Technologies realized a revenue of 12.32 billion yuan , a net profit loss of 1.055 billion yuan , and a non-net profit loss
of 15.2026 in the first quarter. The company realized revenue of 9.216 billion yuan, down 13.65% year-on-year, down 25.19% year-on-year; net profit loss of 1.067 billion yuan, down 34.89% year-on-year, up 1.10% year-on-year; The loss of non-net profit deduction was 1.425 billion yuan, an increase of 1.37% over the previous year, and a decrease of 9.
Xiexin Integration
achieved revenue of 15.343 billion yuan in 2025, a decrease of 5.52% over the previous year; Net profit loss of 1 billion 166 million yuan, from profit to loss, down 1807.43% ; The net profit loss after deducting non-profits was 1.212 billion yuan, and the loss margin increased 62655 compared with the same period last year.
commodities have risen sharply, resulting in the cost of main auxiliary materials exceeding the cost of silicon materials; However, the price of components is restricted by the terminal market , and the company's loss margin is further expanded.
The annual report shows that up to now, Xiexin Integration has formed a high-efficiency large-size component capacity of over 30GW and a high-efficiency TOPCon battery capacity of 16GW. In the fourth quarter of
2025, Xiexin Integration realized revenue of 3.651 billion yuan and net profit loss of 6.2026. In the first quarter
of 2026, Xiexin Integration realized revenue of 1.933 billion yuan, down 38.74% from the same period last year. Decreased by 47.06% on a month-on-month basis, with a net profit loss of 187 million yuan, a decrease of 5.59% on a year-on-year basis and a decrease of 69.42% on a month-on-month basis; Non-net profit loss of 195 million yuan, a year-on-year reduction of 6.01%, a month-on-month reduction of 69.
Hongyuan Green
Energy In 2025, Hongyuan Green Energy realized business income of 7.425 billion yuan, an increase of 1.69% over the previous year; Net profit was 187 million yuan, turning losses into profits year on year; The
annual report shows that the operating income of Hongyuan Green Energy's silicon wafer and silicon rod products in 2025 was 2.467 billion yuan, a decrease of 18.52% compared with the same period last year, and the gross profit rate was 16.49% ; Solar modules and battery revenue of 4.521 billion yuan , gross margin of 5.2025
in the fourth quarter, Hongyuan Green Energy achieved revenue of 1.741 billion yuan, a decrease of 29.14%; In the first quarter
of 2026, Hongyuan Green Energy realized an operating income of 1.939 billion yuan, an increase of 17.06% on a year-on-year basis and an increase of 11.43% on a month-on-month basis; Net profit loss was RMB291 million, representing a decrease in loss on a year-on-year basis and a decrease in loss on a month-on-month basis by 78.64% ; net profit loss after deduction of non-profits was RMB57 million, representing a decrease in loss on a year-on-year basis and a decrease in loss on a month-on-month basis by 88.64%.
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