14.5~15.5 Billion Yuan! LONGi Releases Earnings Preannouncement for 2022

PVTIME – On January 19, LONGi the PV giant released its Earnings Preannouncement for 2022.

According to the announcement, the net profit attributable to the owner of the parent company is estimated to be in the range of RMB 14.5~15.5 billion, achieving a year-on-year increase of 60%-70%.

The pre-increase in performance is mainly due to the continued growth market. Under the pressure caused by the increased costs and raw material shortage, the company adjusted its strategy to meet the market demand and ensure the delivery as scheduled, resulting in the increase of sales volume and prices of its silicon wafers and modules, and achieving a growth in revenue and net profit in 2022 compared with those in 2021.