LONGi, the world leading solar technology company, has released its 2020 annual report to shareholders worldwide, showing continued revenue growth and significant increase in global shipments. According to the annual report, LONGi achieved 2020 operating revenue of 54.583 billion yuan ($8.416 billion), a year-on-year increase of 65.92 percent. In Q1 2021, LONGi reported operating revenue of 15.854 billion yuan ($2.413 billion), up 84.36 percent from 8.599 billion yuan ($1.309 billion) in the same period last year. Net profit was 2.502 billion yuan ($0.381 billion), up 34.24 percent compared with 1.864 billion yuan ($0.284 billion) in the equivalent period in 2020. Net profit, excluding non-recurring gains and losses (referred to as non-net profit deduction) was 2.421 billion yuan ($0.368 billion), up 37.46 percent year on year.

Source: Manila Times June 09, 2021 15:29 UTC