LONGi Green Energy Technology Announces Semi-annual Performance Growth Expectations, Including a net Profit of about USD 300 million in H1
Time:2019-07-30 14:57:01
On July 17, LONGi Green Energy Technology Co., Ltd. announced semi-annual performance growth expectations, including a net profit of USD285 million to USD304 million attributable to shareholders of listed company in the first half of 2019, an increase of 50% to 60% year-on-year compared with the same period last year. After deducting non-recurrent profit and loss, the net profit attributable to shareholders of listed company in the first half of 2019 is expected to be USD282 million to USD301 million, an increase of 55% to 65% compared with the same period last year.

In the first half of 2019, driven by the rapid growth of overseas market demand, the overall photovoltaic industry maintained a healthy development trend. By actively adapting to market changes and adjusting marketing strategies, LONGi Green Energy Technology realized significant growth in the sales volume of monocrystalline silicon wafers and modules compared with the same period last year. With the further improvement of LONGi's overseas industrial deployment and sales network, the proportion of module products in LONGi's overseas sales has increased rapidly, the sales area has been further expanded, and the overseas revenue has increased significantly. At present, LONGi has set up a whole industry chain production base in Malaysia and deployed sales networks in dozens of countries and regions throughout the world, and the globalization of LONGi Green Energy Technology is also accelerating.

 

  LONGi Kuching

 

In 2019, LONGi continues to attach great importance to technology research and development, and is committed to becoming the most valuable solar technology company in the world. At the beginning of 2019, LONGi Green Energy Technology once again broke the world record of photoelectric conversion efficiency of monocrystalline PERC cells with 24.06%, and the front-side power of LONGi's 72-cell halfcut module also exceeded 450W. Seamless welding technology, M6-size silicon wafer, efficient Hi-MO4 monocrystalline module and other new technologies and products have been unveiled one after another. It is also benefiting from the further improvement of the technical and technological level of the company that the production costs of various business sectors of the company have been continuously reduced, and the gross profit margins of main products increased significantly compared with the same period last year.
 

  LONGi broke the world record of photoelectric conversion efficiency of monocrystalline PERC cells

 

In the future, LONGi Green Energy Technology will continue to conform to the energy transition towards “electrification of energy consumption and cleanliness of power production”, grasp the trend of rapid development of renewable energy, continue to upgrade the level of sound management, persist in leading the development of the industry with technological progress, promote the wider use of clean energy and contribute to the transformation of energy structure of mankind.