LONGi Solar Shipped Over 7 GW of Mono Cell and Modules in 2018

In 2018, LONGi overseas shipments of the monocrystalline silicon wafer were 3.483 billion pieces, an increase of 59% over the previous year. Annual shipment of solar cells and modules reached 7.072 GW, a 50% increase over the previous year.

LONGi Solar, one of the leading solar module manufacturers in the world, recently released its 2018 annual report and first quarterly results.

The report shows LONGi’s operating revenue in 2018 was ¥21.988 billion ($197 million), an increase of 34.38% over the previous year and net profit attributed to shareholders of listed companies was ¥2.558 billion.

As of the first quarter of 2019, the company’s total assets were ¥43.165 billion ($387 million). Independent third-party research data showed the Chinese major accounted for 40% of the industry’s monocrystalline silicon wafer capacity, reinforcing its position as the largest monocrystalline module manufacturer in the world. According to BNEF, the financial health index, as measured by Alman-Z score, of LONGi ranks second in all global photovoltaic enterprises and first in China. 

In 2018, LONGi overseas shipments of the monocrystalline silicon wafer were 3.483 billion pieces, an increase of 59% over the previous year. Annual shipment of solar cells and modules reached 7.072 GW, a 50% increase over the previous year.

By the end of 2018, the production capacity of LONGi monocrystalline silicon ingot/wafer has reached 28GW. The Chuzhou 5GW module factory in Anhui Province was operational in March 2019, further expanding LONGi’s global high-efficiency monocrystalline module capacity. 

The company has also released the latest capacity planning:

By the end of 2019, the capacity of ingot/wafer will be 36GW, cell capacity 10GW and module capacity 16GW. By the end of 2020, the capacity of ingot/wafer will be 50GW, while cell capacity will be 15GW and module capacity 25GW. By the end of 2021, the capacity of ingot/wafer will reach 65GW, the capacity of cell 20GW and the capacity of module 30GW.

Recently, the Chinese manufacturer won an order to deliver 63.8 MW monocrystalline PERC modules and provide technical support during project implementation of Ukraine’s second-largest solar power plant in Panovtsy, Kamianets-Podilskyi, in the Khmelnytskyi district.