SolarPV Expert

LONGi released its 2018 annual report and first quarterly results. The report shows LONGi’s operation revenue in 2018 was ¥21.988 billion, an increase of 34.38% over the previous year and net profit attributed to shareholders of listed companies was ¥2.558 billion. As of the first quarter 2019, the company’s total assets was ¥43.165 billion. Independent third-party research data showed LONGi accounted for 40% of the industry’s monocrystalline silicon wafer capacity, reinforcing its position as the largest monocrystalline module manufacturer in the world. According to BNEF, the financial health index, as measured by Alman-Z score, of LONGi ranks second in all global photovoltaic enterprises and first in China.

By the end of 2018, the production capacity of LONGi monocrystalline silicon ingot/wafer has reached 28GW. The Chuzhou 5GW module factory in Anhui Province was operational in March 2019, further expanding LONGi’s global high-efficiency monocrystalline module capacity.

LONGi also released the latest capacity planning: By the end of 2019, the capacity of ingot/wafer will be 36GW, cell capacity 10GW and module capacity 16GW. By the end of 2020, the capacity of ingot/wafer will be 50GW, while cell capacity will be 15GW and module capacity 25GW. By the end of 2021, the capacity of ingot/wafer will reach 65GW, the capacity of cell 20GW and the capacity of module 30GW.