LONGi Re-Selected as “China Top 500 Private Enterprises”, Ranking Up 76
Time:2019-09-02 13:36:43
On August 22, the "2019 China Top 500 Private Enterprises Summit" hosted by the National Federation of Industry and Commerce and the Qinghai Provincial People's Government was held in Xining. It released the lists of "2019 China Private Enterprises " and "2019 China Top 500 Private Manufacturing Enterprises". LONGi was ranked respectively No.397 and No.232 in the "Top 500 Private Enterprises" and "Top 500 Private Manufacturing Enterprises ". It is the second consecutive year that LONGi have been selected in the list of China top 500 private enterprises, with ranking promotion by 76, compared with the previous year.

Gao Yunlong, vice chairman of the National Committee of the Chinese People's Political Consultative Conference and chairman of the National Federation of Industry and Commerce, Xu Lejiang, deputy director of the United Front Work Department of the CPC Central Committee, party secretary and executive vice chairman of the National Federation of Industry and Commerce, Wang Jianjun, secretary of the Qinghai Provincial Party Committee and director of the Standing Committee of the Provincial People's Congress and other leaders attended the summit. LONGi as a representative of manufacturing enterprises received the award.

The " China Top 500 Private Enterprises " is produced in descending order of total annual operating income based on the survey of large-scale private enterprises on the National Federation of Industry and Commerce, which truly reflects the level of business management and comprehensive competitiveness. In recent years, the number of large-scale enterprises participating in the survey has continued to increase. Compared with last year, the number of participated companies in 2019 has increased by 772, and 5,384 companies have participated in the survey and passed data review.

Under the unfavorable industrial environment in which the domestic market policy was frequent and the industry development was affected by certain impacts, LONGi still achieved good performance in 2018 with the revenue up to 21.988 billion yuan. The shipment of monocrystalline silicon wafer reached 3.383 billion pieces with a year-on-year increase of 59% and the shipment of monocrystalline modules reached 7.07GW. The total shipments ranked fourth in the global PV industry and the shipment of efficient monocrystalline modules ranked first in the world; Under adverse circumstances of the domestic market, its overseas market achieved a qualitative breakthrough. In 2018, overseas shipments accounted for more than 30% of total shipments, with a year-on-year increase of nearly 20 percent.

In the first half of 2019, it continued to maintain a good momentum of development. Based on the further expansion of overseas markets, the continuous introduction of new technologies and the overall effect of reducing costs and increasing efficiency, the sales of monocrystalline wafers and modules increased significantly compared with the same period of last year. The production costs of each business units continued to decrease, and the gross profit margin of major products increased significantly. According to the 2019 semi-annual performance pre-announcement, it is expected to achieve a net profit of 1.961 billion yuan to 2.091 billion yuan in the first half of the year, with a year-on-year increase of 50%-60%.