Shanghai, Feb 2, 2026, 09:00 (GMT+8) — Premarket
- After a steep drop on Friday pushed shares close to recent lows, LONGi’s Class A stock has reopened.
- Comments from management at Davos shifted attention back to cost cuts, overseas localisation, and policy support.
- Traders are keeping a close eye on volatile precious metals following a warning from Industrial and Commercial Bank of China about sharp price swings.
Shares of Shanghai-listed LONGi Green Energy Technology Co., Ltd. Class A (601012.SS) are set to draw attention at Monday’s open after dropping 4.74% to 17.88 yuan in the previous session, hitting a low of 17.71 yuan during the day. Chinese solar rivals Tongwei Co., Ltd and Jinko Solar Co., Ltd. also saw declines, highlighting ongoing sector-wide pressure. (MarketScreener UAE Emirates)
The shifts are crucial since LONGi is a key player in China’s solar supply chain, attracting close investor scrutiny as they try to gauge when price wars might cool and margins stabilize. The stock reacts sharply to any sign that supply controls are tightening—or that costs could spike once more.
Timing is another concern. As the next policy cycle begins to take form and new trade barriers emerge in major export markets, the market has begun to see management commentary as a potential near-term catalyst rather than mere background noise.
During a weekend chat at the World Economic Forum, vice president and chief strategy and sustainability officer Zhang Haimeng described China’s upcoming 15th five-year plan as a “reassurance” for expanding clean energy. He emphasized that tackling “involution-style” competition requires stricter standards and stronger support for leading companies. Zhang noted that firms “can’t change geopolitics” and must adapt accordingly, outlining LONGi’s overseas strategy as “Local for Local.” He also forecasted that green hydrogen costs might reach parity by the plan’s end. (Sina Finance)
Cost pressures lingered Sunday as ICBC warned investors about recent “highly volatile” precious metal prices and advised caution against impulsive trades. (Reuters)
LONGi highlighted similar issues in its latest update. On Jan. 19, the company projected a full-year net loss attributable to shareholders between 6.0 billion and 6.5 billion yuan, narrowing from a loss of 8.6 billion yuan the previous year after an accounting-policy adjustment. It pointed to a supply-demand mismatch and ongoing low-price pressure as key factors. Rising costs for silver paste and polysilicon in Q4 drove up expenses across wafers, cells, and modules. LONGi also said it completed a pilot project using base-metal substitutes for silver paste and has started scaling up production capacity. Yields on its second-generation back-contact (BC) products met expectations, and full-scale production has begun. (LONGi Solar)
The downside is straightforward. Should precious metals and polysilicon prices climb again, or if demand remains uneven amid tougher trade restrictions, solar manufacturers could find it tough to transfer rising costs. Any hopes for “price stabilisation” might quickly unravel.
Traders will be watching closely at the open to see if LONGi can stay above Friday’s low or if selling in the sector drags on into next week. The next major event is LONGi’s Q4 2025 earnings report, scheduled for April 28, according to MarketScreener’s calendar. (Marketscreener)
