PVTIME – On July 21, LONGi Green Energy Technology Co., Ltd. (601012.SH) the PV giant released its main operating data estimated from January to June 2022. In the reporting period, the company expects to achieve an operating income of approximately 50 billion to 51 billion yuan, according to its preliminary calculation, a year-on-year increase of 42-45%. The net profit attributable to shareholders of the listed company is calculated to be approximately 6.3 billion to 6.6 billion yuan, a year-on-year increase of 26-32%.
LONGi stated that its module shipments in Q2 was increased significantly due to the growth demand of downstream customers, despite the high price of raw materials or the unstable international trade environment. The company expects an operating income in Q2 to be about 31.405 billion to 32.405 billion yuan, the net profit attributable to shareholders of the listed company to be about 3.636 billion to 3.936 billion yuan. Both operating income and net profit may achieve month-on-month growth.
The financial report Q1 shows the company achieved a total operating income of 18.595 billion yuan, a year-on-year increase of 17.29%. The net profit attributable to shareholders of the listed company was 2.664 billion yuan, a year-on-year increase of 6.46%.