PVTIME – On 3rd July 2023, LONGi Green Energy Technology Co., Ltd. (601012.SH) the PV giant released its primary operating data which has been estimated from January to June 2023.
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During the reporting period, the company’s total operating income was estimated to be 64.664 billion yuan, reflecting a year-on-year increase of 28.26%. The net profit attributable to shareholders of listed companies is expected to reach 9.179 billion yuan, which is a year-on-year increase of 41.63%. After deducing non-recurring profit or losses, the net profit of the listed companies’ shareholders amounted to 9,060 million yuan, an increase of 41.46% year-on-year. The basic earnings per share was 1.21 yuan, showing a 40.70% year-on-year increase.
According to the announcement, the demand for the global PV market saw rapid growth during this reporting period. The company utilized industry-leading technology, cost control, product quality, and brand reputation advantages, and optimized the integrated global industrial chain to promote the steady release of high-efficiency production capacity. Compared to last year’s same period, both silicon wafers and module shipments significantly increased. The decline in the upstream polysilicon material prices led to a repair in the company’s component products’ gross margins year-on-year. Furthermore, growth in investment income and foreign exchange earnings contributed to an increase in the net profit attributable to shareholders of listed companies during the reporting period.
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