Gelonghui, May 17 | Shanxi Securities Research Report indicates that on May 7, local time, Longji Green Energy (601012.SH) released a next-generation component product Hi-MO9 in Madrid, Spain. The company adheres to the BC route and continues to launch differentiated products. The Hi-MO 9 module is equipped with HPBC 2.0 technology, uses the company's own Terry silicon wafers, and combines the company's self-developed composite passivation technology to achieve optimal upgrades in terms of light absorption, photoelectric conversion, and current transmission capacity of the battery, and has high power generation capacity and low BOSBOS cost. The first year attenuation of the Hi-Mo 9 module is ≤ 1%, linear attenuation ≤ 0.35%. The attenuation performance is better, can withstand harsh outdoor environments with high temperature and humidity, and has excellent reliability. Furthermore, the HBC battery independently developed by the company reached 27.3%, once again breaking the world record. The company maintained the double title of the two major circuit battery efficiency world records for crystalline silicon single junction batteries and crystalline silicon-perovskite laminated batteries. Against the backdrop of falling prices in the industrial chain and intensifying competition in the industry, the company is a leading company in the industry, with steady growth in shipments, sufficient cash reserves, and differentiated BC technology, which has the ability to resist risks and cross the cycle. Maintain a “buy-A” rating.