In Gelonghui on November 12th, shanxi Securities research report pointed out that Longi Green Energy (601012.SH) Q3 gross margin improved quarter-on-quarter, with shipments increasing compared to the previous quarter. The company achieved a silicon wafer shipment volume of 38.4GW in the third quarter, an increase of 116.7% quarter-on-quarter; external battery sales reached 1.5GW; component shipments reached 19.9GW, up 7.8% quarter-on-quarter. With deep technical expertise and advanced intelligent manufacturing advantages, the company continues to break through with efficient HPBC 2.0 technology, achieving a battery production efficiency of 26.6%. The company is steadily advancing the construction of HPBC second-generation production capacity, with BC component sales reaching 13.77GW in the first three quarters of 2024; in 2025, the company will strive to ship 30GW of second-generation BC products. Considering the company's leading position, commitment to differentiated competition, industry-leading BC new technical products, and continuous deepening of global production capacity layout, the research reports maintain a "buy-B" rating.