CSI Solar Co Ltd Ordinary Shares - Class A

688472: XSHG (CHN)

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Industry Overcapacity Undermines CSI Solar's Profitability

Cheng Wang

May 22, 2025

Business Strategy and Outlook

CSI Solar is a leading Chinese solar module producer, ranking seventh by global module shipments in 2024. Known for its extensive overseas exposure, particularly to the profitable US market, CSI generated 78% of its revenue from international markets in 2024, the highest among its Chinese peers. The US is the largest overseas market for CSI, accounting for about 25% of its solar module shipments in 2024.

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Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.

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CSI Solar Co Ltd Ordinary Shares - Class A

Industry Overcapacity Undermines CSI Solar's Profitability

Business Strategy and Outlook

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