Longi Green Energy boosts guarantees for subsidiaries, solar customers

Longi Green Energy Technology Co., Ltd. and its wholly-owned subsidiaries recently provided new guarantees totaling RMB 1.13 bn. This includes RMB 550m for Longi Leye Photovoltaic Technology (Xixian New Area) Co., Ltd.'s project loan and bank guarantees totaling €449.12m for Longi Leye Photovoltaic Technology Co., Ltd.'s routine business operations. Additionally, wholly-owned subsidiaries provided new performance guarantees of RMB 60.65m for component sales and RMB 130,000 in margin guarantees for distributed solar PV customers.

As of August 31, 2025, the total accumulated guarantees provided by the company and its subsidiaries reached RMB 26.37 bn, representing 43.30% of Longi Green Energy's net assets attributable to the parent company in the latest audited period. Guarantees between the company and its consolidated subsidiaries amounted to RMB 26.01 bn, while external guarantees totaled RMB 356m. Guarantees for entities with a debt-to-asset ratio exceeding 70% amounted to RMB 24.41 bn.

These new guarantees fall within the scope of authority approved by the company's fifth board of directors and the first extraordinary general meeting in 2024. The company emphasizes that these guarantees are necessary to support the operational development of its subsidiaries and distributed solar PV business, with controllable risks due to the ability to monitor the financial health of the guaranteed entities.