Longi Green Energy boosts subsidiary guarantees to nearly ¥27 bn

Longi Green Energy Technology Co., Ltd. (Longi Green Energy) announced new and upcoming guarantee provisions totaling ¥495.9736 million for its wholly-owned subsidiaries. This brings the cumulative guarantee amount to ¥26.64 billion as of September 30, 2025, representing 43.75% of the company's latest audited net assets attributable to the parent. The guarantees are primarily for daily operating activities and opening bank guarantees for various entities including Longi Green Energy, Xi'an Longi Clean Energy Co., Ltd., and several international subsidiaries.

The board of directors approved these guarantees under the previously authorized 2025 framework, which permits up to ¥50 billion in new guarantees for wholly-owned subsidiaries. This includes a limit of ¥40 billion for subsidiaries with a debt-to-asset ratio exceeding 70% and ¥10 billion for those below 70%. The company confirms no outstanding overdue guarantees and no guarantees provided to controlling shareholders or their related parties.

A significant portion of the total guarantees, ¥24.717 billion, is directed towards subsidiaries with a debt-to-asset ratio above 70%, highlighting Longi Green Energy's strategic support for these entities. This move is consistent with the company’s overall strategy to facilitate the business development and daily operations of its subsidiaries.