{"id":39249,"date":"2020-04-27T06:28:55","date_gmt":"2020-04-26T19:58:55","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=39249"},"modified":"2020-04-27T06:31:12","modified_gmt":"2020-04-26T20:01:12","slug":"longi-financil-solar-mb1499","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/longi-financil-solar-mb1499\/","title":{"rendered":"Longi Reports Solid Growth In 2019\/Q1 20"},"content":{"rendered":"

\"Longi<\/p>\n

Longi is another Chinese solar panel manufacturer that appears to have shrugged off much of the impact of COVID-19. Late last week, the solar manufacturer reported its Q1 2020 and full year 2019 results.<\/p>\n

2019 Highlights<\/h2>\n

The company reported revenue from operations jumped 49.62% over 2018 to reach 32.897 billion yuan in 2019 – that’s around USD $4,756 million.<\/p>\n

Last year it sold 4.702 billion units of monocrystalline silicon wafers, up 139.17% on sales in 2018. Sale of cells and modules reached 7.394 GW in 2019, an increase of 23.43%. As for overseas shipments, which represented 67% of total sales, 4.991GW went out the door – up 154.59% year over year.<\/p>\n

By the end of 2019, the company reached 42GW of monocrystalline silicon wafer production capacity and 14 GW of mono panel production capabilities.<\/p>\n

With regard to research and development, Longi says it had invested 1.677 billion yuan ($242.48 million) in R&D activities, which accounts for 5.1% of revenue from operations.<\/p>\n

Q1 2020 Highlights<\/h2>\n

Longi states in Q1 2020, revenue from operations was 8.599 billion yuan (USD $1233.6 million), a 50.60% increase compared Q1, 2019.<\/p>\n

Something missing from the report’s summary were shipments for the first quarter of this year; which was rather curious. Whether that was an accidental omission or by design is hard to say as the full report wasn’t available at the time of writing (in English anyway).<\/p>\n

Looking ahead, Longi aims to reach a monocrystalline silicon wafer production capacity of 75 GW, and monocrystalline module production capacity of 30 GW before the year is out.<\/p>\n

One of the other highlights for the quarter was Longi’s commitment to sourcing 100% renewables-based electricity across all its operations by 2028. As part of this commitment, Longi signed on to the RE100<\/a> in March.<\/p>\n

COVID-19 Impacts Appear Minimised<\/h2>\n

With regard to COVID-19, Longi said it has “thoroughly protected” the health and safety of workers; providing masks to employees, disinfecting office areas, taking multiple temperature readings of employees every day, rotating work shifts and separating dining, among other measures.<\/p>\n

“None of LONGi\u2019s nearly 40,000 employees around the world have been diagnosed or suspected of COVID-19,” claims the company<\/a>.<\/p><\/blockquote>\n

Longi also notes it donated 15 million yuan ($2.16 million) through the LONGi One Percent Foundation to the Red Cross Society of China in the battle against the virus. Another Chinese solar panel manufacturer that has contributed to fighting the coronavirus battle is JinkoSolar; which extended its assistance beyond Chinese shores<\/a>.<\/p>\n

Longi solar panels<\/a> have been available in Australia since 2017 and judging by reviews on SolarQuotes submitted by Australians, they are generally performing well. The company is currently listed on SQ’s trusted solar brands chart<\/a>. In terms of shipments, Longi was ranked no.4<\/a> on GlobalData’s top 10 list of manufacturers for 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"

Longi is another Chinese solar panel manufacturer that appears to have shrugged off much of the impact of COVID-19. Late last week, the solar manufacturer reported its Q1 2020 and full year 2019 results.<\/p>\n","protected":false},"author":17,"featured_media":39250,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-39249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nLongi Reports Solid Growth In 2019\/Q1 20 - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"Longi is another Chinese solar panel manufacturer that appears to have shrugged off much of the impact of COVID-19.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/longi-financil-solar-mb1499\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Longi Reports Solid Growth In 2019\/Q1 20\" \/>\n<meta property=\"og:description\" content=\"Longi is another Chinese solar panel manufacturer that appears to have shrugged off much of the impact of COVID-19.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/longi-financil-solar-mb1499\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-26T19:58:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-26T20:01:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/04\/longi-financial-report.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Longi Reports Solid Growth In 2019\\\/Q1 20\",\"datePublished\":\"2020-04-26T19:58:55+00:00\",\"dateModified\":\"2020-04-26T20:01:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/\"},\"wordCount\":438,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/04\\\/longi-financial-report.jpg\",\"articleSection\":[\"General Solar & Storage News\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/\",\"url\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/longi-financil-solar-mb1499\\\/\",\"name\":\"Longi Reports Solid Growth In 2019\\\/Q1 20 - 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Jinko says its mono wafer production capacity will grow to 18 GW once this expansion is complete, which is expected to occur during the during the second quarter of next year.\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"JinkoSolar silicon wafer production","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/jinko-solar-wafer.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/jinko-solar-wafer.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/jinko-solar-wafer.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/jinko-solar-wafer.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/11\/jinko-solar-wafer.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":86592,"url":"https:\/\/www.solarquotes.com.au\/blog\/chinese-solar-struggling-mb3003\/","url_meta":{"origin":39249,"position":2},"title":"Major Chinese Solar Manufacturers’ Revenues Plummet","author":"Michael Bloch","date":"September 9, 2024","format":false,"excerpt":"There's been a flurry of financial and shipments reporting from some of China's - and the world's - biggest solar players in the last couple of weeks. Here's how some have fared during what is (revenue-wise) a big dip on the solar coaster. Daqo - \"Significant Challenges\" In late August,\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Chinese solar manufacturers","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/09\/jinko-longi-daqo-trina.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/09\/jinko-longi-daqo-trina.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/09\/jinko-longi-daqo-trina.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/09\/jinko-longi-daqo-trina.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2024\/09\/jinko-longi-daqo-trina.png?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":18707,"url":"https:\/\/www.solarquotes.com.au\/blog\/longi-solar-record-mb0432\/","url_meta":{"origin":39249,"position":3},"title":"Longi Solar Claims Monocrystalline PERC Panel Efficiency Record","author":"Michael Bloch","date":"January 26, 2018","format":false,"excerpt":"China's Longi Solar likes breaking efficiency records\u00a0 - the company has claimed its third in four months and appears to have big things in store for this year. If you haven't heard of the company, the vertically-integrated tier one manufacturer is a relatively new entrant on Australia's solar scene -\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Longi solar panels","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/longi-solar-record.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/longi-solar-record.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/longi-solar-record.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/01\/longi-solar-record.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":28688,"url":"https:\/\/www.solarquotes.com.au\/blog\/longi-solar-factory-mb0972\/","url_meta":{"origin":39249,"position":4},"title":"Longi Boosts Solar Panel Production Capacity","author":"Michael Bloch","date":"March 13, 2019","format":false,"excerpt":"Longi Solar has announced Phase 1 of its monocrystalline module factory in Chuzhou, China is now fully operational, with Phase 2 not far behind. Once complete, the Chuzhou factory will have an annual production capacity of 5GW. Phase 1 (2.5GW) produced its first module in January and is now in\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Longi Solar Panel Factory","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/longi-solar-panel-factory.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/longi-solar-panel-factory.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/longi-solar-panel-factory.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/longi-solar-panel-factory.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2019\/03\/longi-solar-panel-factory.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":39960,"url":"https:\/\/www.solarquotes.com.au\/blog\/daqo-polysilicon-report-mb1533\/","url_meta":{"origin":39249,"position":5},"title":"Daqo Powers Ahead With Polysilicon Production","author":"Michael Bloch","date":"May 21, 2020","format":false,"excerpt":"Daqo New Energy has claimed another successful quarter for its polysilicon activities, with production volume up around 22% and sales volume up nearly 44% on Q4 2019. Daqo New Energy is a major producer of polysilicon (aka multicrystalline silicon or poly-Si) , which is a high purity polycrystalline form of\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Daqo New Energy polysilicon","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=39249"}],"version-history":[{"count":2,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39249\/revisions"}],"predecessor-version":[{"id":39252,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/39249\/revisions\/39252"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/39250"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=39249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=39249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=39249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}