LONGi Green Energy issued an announcement on the evening of March 13, 2023, planning to invest in the construction of a high-efficiency monocrystalline cell project with an annual output of 30GW in Ordos, with an estimated total investment of 7.777 billion yuan.

The announcement shows that this project will introduce the high-efficiency N-type TOPCon battery technology developed by the company, and the conversion efficiency of mass-produced batteries will reach more than 25%. The implementation of the project will help enrich the company's product line, realize product diversification, and seize development opportunities in the photovoltaic market. Further increase the company's high-efficiency battery production capacity scale, optimize the company's production capacity layout, and enhance the company's profitability and market competitiveness.

On the same day, the company announced that its wholly-owned subsidiary, LONGi Solar, will establish a wholly-owned subsidiary, LONGi Green Energy Photovoltaic Technology Co., Ltd., as the main body for the implementation of the 100GW annual monocrystalline slicing project and the 50GW annual monocrystalline cell project in Xixian New Area. The investment amount is 4 billion yuan.

The announcement stated that the wholly-owned subsidiary established this time will be the main body for the implementation of the 100GW annual monocrystalline slice project and the 50GW annual monocrystalline cell project in Xixian New District, which will help improve the operational efficiency of the project and conform to the company's strategic layout and business development. This investment will not adversely affect the company's operations and financial status, and will not harm the interests of the company and all shareholders.

According to the performance forecast released by LONGi in the evening on January 19, 2023, it is estimated that the annual net profit attributable to the owners of the parent company will be 14.5 billion to 15.5 billion yuan in 2022, an increase of 5.4 billion to 6.4 billion yuan compared with the same period last year. billion, a year-on-year increase of 60% to 71%. The main reason for the performance change is that the industry demand will continue to improve in 2022. Under the pressure of delivery and cost caused by the shortage of upstream raw materials and the sharp increase in purchase prices, the company will adjust its business strategy in a timely manner and actively respond to market changes. Compared with 2021, The sales volume and price of silicon wafers and components have both increased, achieving rapid growth in revenue and net profit. At the same time, the company's investment income and exchange income have increased, which has also increased its operating performance in 2022.Editor / He Yurong