LONGi reported Q3 2026 revenue of RMB 16.82 billion and a net loss of RMB 1.03 billion
Its BC module shipments reached 31.64 GW in 9M 2026, accounting for more than 65% of total shipments
LONGi said it is maintaining TOPCon in its product mix alongside BC technology
LONGi Green Energy Technology is pushing ahead with its back contact (BC) technology strategy while advancing its energy storage business, even as it posted a net loss for Q3 2026.
According to its Q3 2026 financial results, LONGi recorded RMB 16.82 billion in revenue, down 7.08% year-on-year (YoY). For the first nine months (9M) of 2026, revenue reached RMB 43.86 billion, down 13.85% from 9M 2025.
Its net loss during the quarter amounted to RMB 1.03 billion, contributing to a 9M 2026 net loss of RMB 4.71 billion that widened by 38.48% YoY. The company attributes this increase mainly to foreign exchange movements in USD and Euro currencies, which shifted gains into losses, apart from losses from associated companies.
The company says it is managing currency exposure through measures such as adjusting long-term contract pricing, managing foreign currency asset holding periods, and timely currency settlements. It is also evaluating foreign exchange hedging measures while maintaining risk controls.
During 9M 2026, LONGi’s solar module shipments totaled 48.61 GW. At 31.64 GW, BC module shipments accounted for more than 65% of total module shipments, increasing 118.58% YoY.
Given the company reported 29.93 GW of total module shipments and 19.55 GW of BC module shipments in H1 2026, it likely shipped 18.68 GW of modules in Q3 2026, including 12.09 GW of BC modules (see LONGi’s H1 2026 Module Shipments Drop As BC Sales Rise).
The company reported that BC modules gained a larger share of its overseas and domestic markets. It also recorded improved product profitability, as the gross profit margin on BC modules increased by 6.27 percentage points in Q3 compared with the first half of the year.
Later, during its Q3 2026 earnings press conference, management said LONGi’s focus continues to be on expanding BC module applications in centralized and distributed solar markets. Nevertheless, the company said TOPCon will also remain part of its order mix to address different market requirements.
Discussing the commercialization of its proprietary Advanced Contact Matrix (ACM) metallization technology, LONGi said it has achieved GW-scale production of cells and modules. It believes this could improve the mass-production conversion efficiency of BC cells by 0.2 to 0.3 percentage points.
Further investment in ACM production lines will depend on factors including silver paste prices and downstream customer demand, it added. ACM is one of LONGi’s eight core technologies and products under its Technology Forest portfolio (see LONGi Unveils ‘Technology Forest’ With 8 Core Technologies).
LONGi also continues to advance its energy storage business alongside its solar PV vertical. Its energy storage orders have now exceeded 3 GWh. The company said it is developing a storage portfolio for utility-scale power plants, commercial and industrial (C&I) applications, and off-grid and microgrid projects. It aims to expand the global business by leveraging its solar and storage capabilities.