Longi
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July 1, 2020
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Longi Green Energy Technology Co., Ltd.

Revenue:
RMB 21,988 million (2018)
Profit:
RMB 2,558 million (2018)
Employees:
21,056 (2018)
Headquarters:
Xi'an, Shaanxi Province, China
Founded:
14 February 2000
Current CEO:
Baoshen Zhong
Parent:

Description

LONGi Green Energy Technology, formerly Xi'an Longi Silicon Materials Corporation, is one of the six major Chinese manufacturers of photovoltaics and a developer of solar projects. Longi is the world largest manufacturer of monocrystalline silicon wafers, which serve as a light-absorbing material (photovoltaic) in the manufacture of solar cells.

In the year end December 31, 2018, Longi generated revenues of RMB 21,988 million, made a profit of RMB 2,558 million, and employed 21,056 people throughout its operations, with 15,524 employees (73.73%) forming Longi's production personnel.

Longi has a global industrial chain, with production bases in Malaysia, India and Shaanxi, Ningxia, Yunnan, Jiangsu, Shanxi, Zhejiang and Anhui provinces in China. The company’s global sales headquarters are in Xi’an, China with branches in the United States, Japan, Germany, India and Australia. In addition, Longi has established strategic partnerships to explore technical development in the industry with enterprises and universities, including DuPont, Huawei, 3M and the University of New South Wales.

The company is listed on the Shanghai Stock Exchange (SHA) under the code 601012.

In renminbi (¥ - Yuan)
In renminbi (¥ - Yuan)
In renminbi (¥ - Yuan)

Operating Segments:

Longi's operations are separated into 4 business units (Silicon; Solar; Clean Energy; New Energy) which are often operated through separate entities, though still part of the broader company.

Silicon - The silicon division is operated through Longi Silicon Materials, which is engaged in the research, manufacture and distribution of monocrystalline ingots. It is the world's largest silicon single crystal manufacturer.

Solar - The solar division is operated through Longi Solar, a tier one manufacturer of solar panels. Longi Solar only produces monosilicon panels and may be the largest monosilicon solar panel manufacturers globally.

New energy - The new energy division is operated through Longi New Energy. Longi New Energy's mission is to become the world’s leading integrated service provider of solar power, which covers Large Scale / distributed solar power station, off- grid PV systems, intelligent micro-grid systems and other fields, providing customers with the best solution of the whole process of solar power supply, conversion, distribution, optimisation and value-added services.

Clean energy - The clean energy division is operated through Xi'an LONGi Clean Energy Co., Ltd.  According to the company, Longi Clean Energy has a mono-crystalline silicon wafer capacity at 15 gigawatts (GW) and module capacity at 6.5 GW per year, "which is the largest a mono-crystalline silicon wafer manufacturer and takes up 37% of total shipments of kind products in the world". By the end of 2017, the installed PV capacity of LONGi Clean Energy had exceeded 1GW, and the division had built more than 20 power stations.

Mergers and Acquisitions:

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