Longi Green Energy's Q3 net profit hit by CNY741.6m asset impairment

Longi Green Energy Technology announced a total asset impairment provision of CNY 894,299,800 for the third quarter of 2025, which will reduce the company's Q3 net profit by CNY 741,615,700. This provision primarily consists of inventory write-downs (CNY 534,930,800) due to product price declines, fixed asset impairment (CNY 346,040,700), construction in progress impairment (CNY 6,578,800), intangible asset impairment (CNY 6,387,100), and contract asset impairment (CNY 362,400).

The company's board of directors and the audit committee have approved these provisions, aligning with accounting standards for asset impairment. This decision aims to provide a more accurate representation of the company’s financial condition and operating results, ensuring transparency for investors.

Longi Green Energy will hold an online performance briefing on November 10, 2025, to discuss the third-quarter results and future outlook. Investors are invited to submit questions in advance.