LONGi Green Energy Technology Co., Ltd.

Equities

601012

CNE100001FR6

Renewable Energy Equipment & Services

End-of-day quote Shanghai S.E. Other stock markets 06:00:00 2024-05-15 pm EDT			5-day change	1st Jan Change
18.54 ^CNY	-0.70%		-2.22%	-19.04%

May. 13	EU to drop probe into Chinese bidders for Romanian solar park	RE
May. 13	Tongwei Strikes 39 Billion Yuan Sales Deal With LONGi	MT

LONGi Green Energy Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023

April 29, 2024 at 10:38 am EDT

LONGi Green Energy Technology Co., Ltd. reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was CNY 129,497.67 million compared to CNY 128,998.11 million a year ago. Net income was CNY 10,751.43 million compared to CNY 14,811.58 million a year ago.

Basic earnings per share from continuing operations was CNY 1.42 compared to CNY 1.95 a year ago. Diluted earnings per share from continuing operations was CNY 1.42 compared to CNY 1.95 a year ago.

Latest news about LONGi Green Energy Technology Co., Ltd.

EU to drop probe into Chinese bidders for Romanian solar park	May. 13	RE
Tongwei Strikes 39 Billion Yuan Sales Deal With LONGi	May. 13	MT
LONGi Green Energy Technology Co., Ltd. Unveils New Product, the Hi-MO 9	May. 08	CI
LONGi Green Energy Technology Chairman Boosts Stake	May. 08	MT
LONGi Launches Revolutionary Hi-MO X6 Bifacial Dual-Glass Modules	May. 07	CI
EU probes on Chinese subsidies and imports	May. 05	RE
LONGi Green Energy Technology Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2024	Apr. 29	CI
LONGi Green Energy Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2023	Apr. 29	CI
China General Nuclear lands first yuan trade finance for Brazil solar plant	Apr. 26	RE
LONGi Green Energy Technology Co., Ltd. Partners with OneSky Aluminum, Hi-MO X6 Installed Across the Factory Rooftops in the Philippines	Apr. 25	CI
China's Hillhouse moves to rebuild stake in LONGi following probe on selling	Apr. 19	RE
EU probes on Chinese subsidies and imports	Apr. 19	RE
LONGi Partners with Netsolar to Install Modules on Shell Gas Stations Throughout the Philippines	Apr. 16	CI
GCL Technology Secures Supply Deal From PV Firm LONGi; Shares Down 3%	Apr. 12	MT
EU to Investigate Chinese Firms for Subsidy Rule Violations in Romania Solar Park Project	Apr. 05	MT
Chinese Business Group Slams EU for Discrimination Against Chinese Solar Firms	Apr. 05	MT
European Commission Initiates In-depth Probe Into Public Solar Photovoltaic Contracts in Romania	Apr. 03	MT
China solar industry faces shakeout, but rock-bottom prices to persist	Apr. 03	RE
Tranche Update on LONGi Green Energy Technology Co., Ltd.'s Equity Buyback Plan announced on March 1, 2024.	Apr. 01	CI
Longi to Trim 5% of Workforce Amid Tough Competition	Mar. 19	MT
China's Longi says it will lay off about 5% of employees	Mar. 18	RE
China's Longi to cut nearly one-third of staff, Bloomberg News reports	Mar. 18	RE
China's Solar Cells Production to Rise 32% in March	Mar. 11	MT
LONGi Green Energy Technology Co., Ltd. announces an Equity Buyback for CNY 600 million worth of its shares.	Feb. 29	CI
LONGi Green Energy Technology Co., Ltd. authorizes a Buyback Plan.	Feb. 28	CI

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Company Profile

Longi Green Energy Technology Co, Ltd. specialises in the manufacture and distribution of photovoltaic panels and solar energy products (monocrystalline silicon panels, ingots and wafers, semiconductor materials, solar cells, etc.). In addition, the group is developing activities in the design and installation of solar power plants and solar energy production. Net sales are distributed geographically as follows: China (53.2%), Asia/Pacific (16.3%), America (16.1%), Europe (14.1%) and Africa (0.3%).

Sector

Renewable Energy Equipment & Services

Calendar

2024-08-28 - Q2 2024 Earnings Release (Projected)

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Ratings for LONGi Green Energy Technology Co., Ltd.

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

18.54 CNY

Average target price

22.7 CNY

Spread / Average Target

+22.43%

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Company calendar

Sector Photovoltaic Solar Systems & Equipment

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Photovoltaic Solar Systems & Equipment