LONGi

OverviewSuggest Edit

LONGi is a manufacturer of monocrystalline solar modules for the photovoltaic industry. It provides monofacial and bifacial modules. The company also offers half-cut cell technology solutions.
TypePublic
Founded2000
HQXian Shi, CNMap
Websiteen.longigroup.com

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Latest Updates

Employees (est.) (May 2021)46,631(+42%)
Revenue (FY, 2019)¥32.9 B(+50%)
Share Price (Jun 2021)¥95.6(-1%)
Cybersecurity ratingBMore

Key People/Management at LONGi

Baoshen Zhong

Baoshen Zhong

Chairman | LONGi Group
Hong Chen

Hong Chen

Vice President | LONGi Solar
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LONGi Office Locations

LONGi has offices in Xian Shi, Shanghai, San Jose, San Ramon and in 4 other locations
Xian Shi, CN (HQ)
block b, no. 8989, Xi An Jing Ji Ji Shu Kai Fa Qu Guan Li Wei Yuan Hui, Zhang Jia Bao Shang Quan, Weiyang Qu
Shanghai, CN
room 801, tower 3, 826 Century Ave, Pudong Xinqu
North Sydney, AU
level 8/124 Walker St
Frankfurt am Main, DE
Bockenheimer Landstraße 51-53
Frankfurt am Main, DE
Sebastian-Kneipp-Straße 41
Chiyoda City, JP
2-chōme-6-1 Ōtemachi
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LONGi Financials and Metrics

LONGi Revenue

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LONGi's revenue was reported to be ¥32.9 b in FY, 2019 which is a 49.6% increase from the previous period.
CNY

Revenue (H1, 2020)

20.1b

Gross profit (H1, 2020)

5.9b

Gross profit margin (H1, 2020), %

29.2%

Net income (H1, 2020)

4.2b

EBIT (H1, 2020)

4.9b

Market capitalization (4-Jun-2021)

369.7b

Closing stock price (4-Jun-2021)

95.6

Cash (30-Jun-2020)

18.7b

EV

364.9b
LONGi's current market capitalization is ¥369.7 b.
Annual
CNYFY, 2017FY, 2018FY, 2019

Revenue

16.4b22.0b32.9b

Revenue growth, %

34%50%

Cost of goods sold

11.1b17.1b23.4b

Gross profit

5.3b4.9b9.5b
Half Year
CNYH1, 2018H1, 2019H1, 2020

Revenue

10.0b14.1b20.1b

Cost of goods sold

7.7b10.4b14.3b

Gross profit

2.3b3.7b5.9b

Gross profit Margin, %

23%26%29%
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Annual
CNYFY, 2017FY, 2018FY, 2019

Cash

8.5b7.7b19.3b

Accounts Receivable

3.9b4.4b3.8b

Prepaid Expenses

443.7m608.7m1.0b

Inventories

2.4b4.3b6.4b
Half Year
CNYH1, 2018H1, 2019H1, 2020

Cash

7.0b14.5b18.7b

Accounts Receivable

4.5b4.8b6.0b

Prepaid Expenses

1.3b1.2b1.2b

Inventories

4.6b5.5b8.6b
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Annual
CNYFY, 2017FY, 2018FY, 2019

Accounts Payable

6.9b14.4b15.5b

Cash From Operating Activities

1.2b1.2b8.2b

Purchases of PP&E

(3.9b)(3.8b)(2.7b)

Cash From Investing Activities

(3.8b)(3.2b)(2.8b)
Half Year
CNYH1, 2018H1, 2020H1, 2019

Accounts Payable

6.0b6.1b9.5b

Cash From Operating Activities

1.2b2.4b338.8m

Purchases of PP&E

(2.7b)(773.6m)(1.9b)

Cash From Investing Activities

(2.5b)(1.5b)(1.5b)
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CNYFY, 2017

Revenue/Employee

924.3k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.8 x
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LONGi Operating Metrics

FY, 2017FY, 2018FY, 2019

Patents Issued

260526702

Mono Cells and Modules Shipped, MW

4.7 k7.07 k

Mono Modules Produced, MW

4.53 k7.28 k

Wafers Produced, pieces

2.2 b6.48 b
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LONGi Acquisitions / Subsidiaries

Company NameDateDeal Size
Baoshan LONGi
Cao-Country Lezhao
Chuxiong
Chuzhou LONGi Solar
Clean Energy
Datong Clean Energy
Datong LONGi Solar
Guangling Clean Energy
Hami Liurui
Hami Liuyang
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LONGi Revenue Breakdown

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LONGi revenue breakdown by business segment: 44.3% from Solar Modules, 39.3% from Wafers, 8.6% from Power Project Construction and Service and 7.9% from Other

LONGi revenue breakdown by geographic segment: 61.6% from China, 9.9% from Asian-Pacific, 13.8% from America, 14.5% from Europe and 0.1% from Other

Human Capital Metrics

Source: en.longigroup.com, en.longigroup.com, en.longigroup.com
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LONGi Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

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LONGi Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

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LONGi Online and Social Media Presence

LONGi's Trends

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LONGi News and Updates

June 04, 2021

LONGi launches N-type TOPCon bifacial modules Hi-MO N at SNEC 2021

XI'AN, China, June 4, 2021 /PRNewswire/ -- The 15th International Photovoltaic Electricity Generation and Smart Energy Conference & Exhibition (SNEC 2021) opened on June 3rd in Shanghai, China. In this premier industry exhibition, LONGi unveiled its Hi-MO N - the first bifacial module...
June 04, 2021

LONGi guarantees the quality of its product, which helps customers secure the total lifecycle performance of their PV plants

XI'AN, China, June 4, 2021 /PRNewswire/ -- With technological and industrial expertise accumulated over the past two decades, LONGi released at SNEC 2021 the industry's first "Lifecycle Quality" standard. Based on the concept of "customer value first", "LONGi Lifecycle Quality" will...
June 03, 2021

LONGi breaks three world records for solar cell efficiency of N-type TOPCon, P-type TOPCon and HJT

XI'AN, China, June 3, 2021 /PRNewswire/ -- LONGi has consolidated its leading role in R&D innovation in the global PV industry by setting new cell efficiency records for N- and P-type TOPcon and HJT. The company announced in April its record of 25.09% for N-Type TOPCon solar cell...
February 03, 2021

LONGi launches new 66C type Hi-MO 4m module for global distributed generation (DG) market

XI'AN, China, Feb. 2, 2021 /PRNewswire/ -- LONGi, the world leading solar technology company headquartered in Xi'an, China, has officially launched its new 66C type Hi-MO 4 monofacial PV module (Hi-MO 4m) for the global distributed generation (DG) market. With an area of about 2 m2,...
January 13, 2021

LONGi wins RETC "High Achievers" award for outstanding module performance

XI'AN, China, Jan. 13, 2021 /PRNewswire/ -- The US Renewable Energy Testing Center (RETC) has released its "Photovoltaic Module Index Report" (PVMI) for 2020. Having won a "High Achievers" award in 2019, LONGi has once again carried off the award for outstanding performance following...
December 06, 2020

LONGi Hits 20 Gigawatts Of Solar Module Shipments In 2020, 1st Brand To Do So

In 2010, 17,151 megawatts (17.151 gigawatts) of solar modules were deployed worldwide. A decade later, one company, LONGi, has shipped more solar PV modules worldwide in the first 11 months of the year. LONGi is the first solar brand to ship more than 20 gigawatts (GW) of solar
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 LONGi Frequently Asked Questions

  • When was LONGi founded?

    LONGi was founded in 2000.

  • Who are LONGi key executives?

    LONGi's key executives are Baoshen Zhong and Hong Chen.

  • How many employees does LONGi have?

    LONGi has 46,631 employees.

  • What is LONGi revenue?

    Latest LONGi annual revenue is ¥32.9 b.

  • What is LONGi revenue per employee?

    Latest LONGi revenue per employee is ¥705.5 k.

  • Who are LONGi competitors?

    Competitors of LONGi include Silfab Solar, Sunrun Solar and Renesola.

  • Where is LONGi headquarters?

    LONGi headquarters is located at block b, no. 8989, Xi An Jing Ji Ji Shu Kai Fa Qu Guan Li Wei Yuan Hui, Zhang Jia Bao Shang Quan, Weiyang Qu, Xian Shi.

  • Where are LONGi offices?

    LONGi has offices in Xian Shi, Shanghai, San Jose, San Ramon and in 4 other locations.

  • How many offices does LONGi have?

    LONGi has 9 offices.