LONGi Green Energy Technology Co., Ltd. shipped 48.61GW of modules in the first nine months, including 31.64GW of back-contact products, up 118.58% year on year. BC products accounted for more than 65% of module shipments. The company reported revenue of Yuan 43.864 billion, a net loss of Yuan 4.713 billion and a third-quarter loss of Yuan 1.029 billion, narrowing 41.66% quarter on quarter. It booked Yuan 1.121 billion in impairments. Rising BC penetration supports China's technology differentiation, but the continuing loss shows that product upgrading alone has not yet restored industry-wide profitability.
