Longi, Aiko Solar, TCL Zhonghuan, Tongwei to post H1 losses

Longi says it expects a net loss of CNY 4. 8 billion ($660. 2 million) for the first half of 2024, while Tongwei is bracing for a CNY 3 billion loss. Aiko Solar and TCL Zhonghuan, meanwhile, are predicting losses of CNY 2. 9 billion and CNY 1. 4 billion, respectively. Several leading Chinese PV companies released their financial forecasts this week for the first half of 2024, indicating widespread industry losses. Longi announced a projected net loss for shareholders of CNY 4. 8 billion ($660. 2 million) to CNY 5. 5 billion, compared to a net profit of CNY 9. 178 billion in the same period of ...

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