Leading monocrystalline wafer producer and ‘ Solar Module Super League’ (SMSL) member, LONGi Green Energy has defied the downward pricing pressure on its core wafer business and weak global demand, driven by the impact of COVID-19 on the solar industry supply chain to report record revenue, profit, and module shipments in the first half of 2020.
LONGi reported first-half 2020 operating income (revenue) of RMB 20.141 billion (US$2.933 billion) a new record for a six-month period and a new quarterly record in Q2 of RMB 11.54 billion (US$1.68 billion). The operating income was 42.73% higher than in the prior year period.
Revenue generated within China totalled RMB 12.487 billion (US$1.818 billion), accounting for 62% of total revenue. Overseas revenue was RMB 7.654 billion (US$1.114 billion), accounting for 38% of the total.
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