Longi Green Projects 3.8 Billion Yuan First-Half Net Loss, Widening From Last Year
Updated
Updated · Bloomberg · Jul 14
Longi Green Projects 3.8 Billion Yuan First-Half Net Loss, Widening From Last Year
1 articles · Updated · Bloomberg · Jul 14
Summary
3.4 billion yuan to 3.8 billion yuan — Longi Green said its first-half net loss will widen to that range, according to a filing to the Shanghai Stock Exchange.
2.57 billion yuan — the Chinese solar giant lost that amount in the same period a year earlier, marking a deeper year-on-year deterioration.
Solar exports had surged earlier this year, but that increase was not enough to prevent Longi from projecting a larger first-half loss.