Longi navigates downturn with cost control, innovation, and restructuring

Longi Green Energy Technology (SSE: 601012) reported a tough financial year in 2024, prompting a comprehensive strategic shift. The company plans to enhance technological innovation and refine cost management, particularly in regards to production and personnel. Key changes include shifting from technology-driven to product-driven strategies, launching new HPBC 2.0 products, and focusing on high-value markets. As part of the plan, Longi will limit overseas investment and increase productivity.