LONGi Expects 2020 Net Profits to Be 8.2 to 8.6 Billion Yuan

PVTIME – Just now, LONGi announced that the company is expecting to realize a net profit attributable to shareholders of between 8.2 to 8.6 billion yuan for 2020, a year-on-year increase of 55.3 to 62.88%.

Regarding the increase in performance, LONGi mentions increased global demand for new photovoltaic installations and the significant increase in domestic demand during the reporting period as contributing factors to its success. LONGi also identifies the higher cost performance of monocrystalline products in terms of cost per kilowatt-hour and the rapid increase in its monocrystalline market share as keys to its steady growth and profitable results.