With an annual profit of more than 10 billion yuan, Longi shares are firmly established as the leading photovoltaic company!

        From 2020 to 2021, more and more people are entering the stock market. As the world’s largest manufacturer of solar monocrystalline silicon ingots and wafers, Longi’s performance has grown rapidly, with an annual profit of more than 10 billion and a net profit growth of 34%. It has become a dark horse in the stock market and a super potential stock in the capital industry.

Longji shares firmly in the leading position in photovoltaics

        This year, the photovoltaic industry has ushered in tremendous development. Longi has long focused on providing global customers with high-efficiency monocrystalline solar power solutions. The industry has a global layout and the advantages of integration are fully demonstrated. Since the integration of the forward-looking layout in 2015, the module business shipment volume in 2020 will achieve the world’s first place, and the performance in 2021 will exceed expectations. It is firmly established as the leader in photovoltaics, and its performance has soared. The forward-looking layout of BIPV expands downstream applications.

        The 2020 performance is close to the upper limit of the forecast, and the profit and operation quality continues to improve. From the beginning of 2020 to October 2020, Longi’s share price rose by 2.36 times, and its market value exceeded 300 billion, making it the world’s most valuable photovoltaic company. Overall, the performance exceeded expectations. The annual revenue target was 85 billion yuan. As of the end of December 2020, it had obtained 1,001 patents in total. The investment in scientific research was huge, which also contributed to the improvement of product quality and the rapid development of sales.

        In terms of products, the production and sales of silicon wafers rank first. Due to the substantial increase in R&D investment, non-silicon costs continue to fall, and large-size silicon wafers are favored by the market. In 2020, silicon wafer business revenue was 14.097 billion yuan, accounting for 26% of total revenue. The annual output of monocrystalline silicon wafers reached 58.90GW, and the export accounted for 55%. The world’s largest silicon wafer supplier has a solid position. At the same time, the globalization strategy was deepened, component profitability was bottomed, sales areas became more diversified, and shipments reached the top. In 2020, the company achieved revenue of 36.24 billion yuan in photovoltaic modules and batteries, a year-on-year increase of 139.8%.

        With the continuous economic development, Longi shares, guided by technology and driven by efficiency, build long-term competitiveness. On the one hand, implementing the product leadership strategy, designing and developing high-power differentiated products on the basis of the best price-performance ratio, continuously reducing costs and sufficient technical reserves. On the other hand, to build a globally competitive R&D system, give full play to strong technical reserves and leading R&D advantages, and own 1 national-level enterprise technology center and 5 provincial-level enterprise technology centers to fully ensure that the market has been commercialized or has The technology of commercialization potential is closely tracked to maintain technology and cost leadership.

Excellent companies in the photovoltaic industry continue to highlight

        Monocrystalline silicon is gradually replacing polycrystalline silicon in the current photovoltaic market. Under this market trend, Longi’s market share accounts for more than 40%, and the profitability of silicon wafers is strong, and the stock price is soaring. At the same time, many outstanding enterprises such as Zhonghuan Co., Ltd., Aerospace Electromechanical, Sungrow Power, and Zhongli Technology have emerged.

        But for the entire industry, the price of raw materials has a greater impact on the profit of the company. This is the case for LONGi, and other companies are also the same. Only by continuous technological innovation and lower product costs can the company achieve rapid development.

Zhonghuan Shares

Established in 1999, thanks to the structural adjustment of new energy products, the export business has grown rapidly. It mainly produces and operates semiconductor materials and semiconductor integrated circuits and devices, with total assets of 2.051 billion yuan and a strong relationship with product characteristics and industry attributes. Diversified operations. In the field of monocrystalline silicon materials, it can be said to be one of the manufacturers with the most complete varieties of monocrystalline silicon in my country. Its output and market share has been in the leading position in the same industry in China for 5 consecutive years, and the scale of production and sales ranks third in the world.

Aerospace Electromechanical

Founded on July 1, 1999, it is a state-owned super large high-tech enterprise directly managed by the central government. Its main business involves high-end auto parts and new energy photovoltaics. It has three high-tech enterprises and three national, provincial and municipal technology R&D centers. An important platform for the industrialization of aerospace technology applications, with a net profit of 172 million in 2020. While the company is developing scientifically, it actively fulfills its global social responsibility for energy conservation and environmental protection.

Sungrow Power

Since its establishment in 1997, it has always focused on the field of new energy power generation, with technological innovation as the power source for corporate development, and won many honors as “National Key New Products”, “China Well-known Trademarks”, and “Global Top 500 New Energy Enterprises”. It has undertaken more than 20 major national science and technology projects and is one of the few companies in the industry that has mastered multiple independent core technologies.

Zhongli Technology

Founded in 1988, it has four regional production bases in Jiangsu, Northeast, South China, and West. The service system has spread all over the world, and the products are sold to more than 20 countries. The service industry involves the global communications industry, equipment manufacturing industry, rail transit industry, and marine applications. And marine engineering industry, power industry, mining industry, solar industry and new energy industry and other industries and markets.

Slocable Solar

Established in 2008, it focuses on R&D investment, production quality control and marketing of photovoltaic accessories. After 13 years of continuous development and innovation, Slocable Solar has become a well-known photovoltaic accessories manufacturing plant at home and abroad. The main products are solar cables, solar mc4  connectors, solar inline fuse holders, solar cable assemblies, photovoltaic tools and accessories, solar circuit breaker, solar junction boxes, waterproof connectors, and solar panel backpack and other photovoltaic peripheral accessories, dedicated to Provide efficient solutions for the photovoltaic industry counterparts.

Future development prospects are good, profits are expected to climb again

        In terms of development, Henderson’s share expenses remained stable, but gross profit margins declined. In 2020, due to the substantial price increase of raw materials such as polysilicon and photovoltaic glass, the comprehensive gross profit margin in the Q4 quarter was 19.37%, a decrease of 6.42pct from the previous quarter.

        With the implementation of the 14th Five-Year Plan and the promotion and encouragement of various policies, in the future, Henderson Group expects that the net profit attributable to the parent company will exceed 14 billion yuan from 2021 to 2022, and maintain the “strongly recommended-A” rating.