A-share PV leader Longi Green Energy (601012.SH) is expected to widen its interim loss to between 3.4 billion and 3.8 billion yuan; Xinyi Energy (00968.HK) and Flat Glass (06865.HK) should hold steady in the first stage.

China A-share listed photovoltaic leader LONGi Green Energy (601012.SH) +0.230 (+1.961%) is expected to see its net loss in the first half widen to between RMB 3.4 billion and RMB 3.8 billion (same below), compared with a loss of RMB 2.569 billion in the same period last year. The stock rose 2.2% early this morning (15th), quoted at 11.99 yuan.

Listed Hong Kong photovoltaic stocks got off steadier: H shares. Xinyi Energy (00968.HK) +0.020 (+1.015%) had short selling of $44.5 million; the ratio was 38.009%. It opened at HK$1.99, up 1.02%, with turnover of HK$17.0087 million. Flat Glass Group (06865.HK) +0.260 (+4.069%) had short selling of $6.55 million; the ratio was 26.690%. It was trading at HK$6.47 at the time, up 1.25%, with turnover of HK$5.26 million.

During the reporting period, there was no significant improvement in the supply-demand relationship in the photovoltaic industry, and corporate operations continued to face pressure. Affected by multiple factors including insufficient new energy absorption and the high base from rushed installations in the same period last year, domestic incremental photovoltaic installations in the first half saw a substantial phased decline. During the reporting period, the company’s module sales and revenue fell year on year; the utilization rate was insufficient; and the gross margin was lower. In addition, impacts such as investment losses from associates and FX losses brought by RMB appreciation contributed to operating performance losses.

Related content 《Earnings》Flat Glass Group (06865.HK) full-year net profit of RMB 981 million, down 2.6%; declares a final dividend of 15 sen. During the reporting period, facing industry operating challenges, the company vigorously promoted a full-scale BC transformation of its photovoltaic business, continuously enriching its product matrix for various scenarios. Overseas market sales and the share of BC product sales increased significantly. Measures to improve BC technology efficiency and reduce costs continued to be rolled out. The ACM (nano alloy matrix contact) battery achieved scaled mass production. At the same time, the company accelerated the layout for photovoltaic–energy storage synergies, launching “LONGiONE” full-scenario PV-plus-energy-storage integrated products covering large power stations through industrial and commercial park areas, rapidly building localized capabilities in overseas markets, and forming capabilities and competitive advantages to enhance system solution offerings. (da/a)(Hong Kong stock quotes are delayed by at least fifteen minutes. Short selling data as of 2026-07-14 16:25.) (A-share quotes delayed by at least fifteen minutes.)