Longi Green Energy Chairman Zhong Baosheng: Recommend referring to the real estate "Three Red Lines" and implementing financing restrictions on underperforming photovoltaic companies.

National People’s Congress representative, Chairman and General Manager of LONGi Green Energy Technology Co., Ltd., Zhong Baoshen, proposed to establish a financing supervision index system for the photovoltaic industry, referencing the risk supervision logic of the real estate industry’s “three red lines.” The system should focus on monitoring financial indicators such as the asset-liability ratio, net debt ratio, and short-term debt repayment ability after excluding advance receipts, and implement financing constraints on companies that do not meet the standards. This will effectively guide photovoltaic companies to orderly reduce leverage, standardize financial operations, and prevent and resolve capital chain risks. At the same time, it encourages industry mergers and reorganizations, enhances industry concentration, insists on supporting the strong and eliminating the weak, optimizes the market competition ecosystem, and ensures a sound operational order in the industry. (The Paper)