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Green energy giant in Xi'an releases semi-annual report

Updated: Sep 18, 2021 chinadaily.com.cn Print
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LONGi Green Energy Technology Co, a Chinese green energy giant headquartered in Xi'an, capital of Northwest China's Shaanxi province, announced its achievements for the first half of this year on Aug 31.

The company saw a year-on-year increase of 74.26 percent in its operating revenue to 35.1 billion yuan ($5.43 billion). The net profit attributable to shareholders was 4.99 billion yuan, a year-on-year increase of 21.3 percent.

During this period, the company invested 1.61 billion yuan in research and development to keep its lead in science and technology, and its new battery technology has repeatedly set world records.

It also established a professional R & D team of more than 1,000 people and obtained 1,196 patents.

In order to maximize the coordination and protection of project supply chain resources, the company moderately adjusted its capacity utilization rate to adapt to market changes and ensure the delivery of customer orders.

As a result, the company's shipments of silicon wafers and modules have consolidated its leading position in the world.

Since the launch of the first generation of Hi-Mo modules in 2016, LONGi has continuously updated its series of products, driving steady sales growth with leading technology.

Nowadays, LONGi's Hi-Mo series products are sold in various countries and regions around the world, creating value for customers and helping the company become the world's top shipper of modules.

According to the 2021 semi-annual report, LONGi's earnings per share after dividends were valued at 0.93 yuan, a year-on-year increase of 19.23 percent.

LONGi's performance growth has also benefited from management contributions, such as accurate strategic research and judgment, a forward-looking industrial layout, and continuous R&D investment.

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