LONGi Green Energy Technology, a leading renewable energy company, has released its annual report for 2022 and 2023 Q1, showing a revenue of 128.998 billion yuan (USD 19.27 bn) in 2022, a year-on-year increase of 60.03%. The first quarter of 2023 saw a revenue of 28.319 billion yuan (USD 4.24 bn), a 52.35% increase from the previous year. LONGi has set a new goal to exceed 160 billion yuan (USD 23.95 bn) in revenue for 2023.
The report also showed that in 2022 the company produced a total of 85.06GW of monocrystalline silicon wafers, including 42.52GW for external sales and 42.54GW for internal use, ranking 1st in global shipments of monocrystalline silicon wafers for 9 consecutive years.
In Europe, LONGi generated a turnover of 21.34 bn yuan (USD 3.19 bn) in 2022, an 87.68% growth from the previous year. Nick Wang, Vice President of LONGi Europe Distributed Generation (DG), said: “Europe is our top priority market globally. The continent is facing unprecedented growth in the solar industry and seeing an increase in demand for high-efficiency and high-quality solar modules as a result. We are preparing for this next stage of solar growth in a sustainable, healthy way, while further enhancing our customers’ focus putting them at the center of our work. As part of this, LONGi will establish a new service and operation center in the EU in 2023 to provide the speed and support our partners need.”
On Wednesday 24 May 2023, LONGi Green Energy Technology released its annual report for 2022 and 2023 Q1, revealing that the company achieved a revenue of 128.998 billion yuan (USD 19.27 bn) in 2022, a 60.03% year-on-year increase. LONGi also achieved a revenue of 28.319 billion yuan (USD 4.24 bn) for the first quarter of 2023, a 52.35% increase from the previous year. The company’s goal for 2023 is to surpass 160 billion yuan (USD 23.95 bn) in revenue.
The report also showed that in 2022 LONGi produced a total of 85.06GW of monocrystalline silicon wafers, including 42.52GW for external sales and 42.54GW for internal use, ranking first in global shipments of monocrystalline silicon wafers for nine consecutive years. In Europe, the company’s turnover for 2022 was 21.34 bn yuan (USD 3.19 bn) , a 87.68% growth from the previous year.
Nick Wang, Vice President of LONGi Europe Distributed Generation (DG), said: “Europe is our top priority market globally. The continent is facing unprecedented growth in the solar industry and seeing an increase in demand for high-efficiency and high-quality solar modules as a result. We are preparing for this next stage of solar growth in a sustainable, healthy way, while further enhancing our customers’ focus putting them at the center of our work. As part of this, LONGi will establish a new service and operation center in the EU in 2023 to provide the speed and support our partners need.”
On Wednesday 24 May 2023, LONGi Green Energy Technology released its annual report for 2022 and 2023 Q1, showing a year-on-year revenue increase of 60.03% for 2022 and 52.35% for the first quarter of 2023. The company also revealed its aim to achieve a revenue of 160 billion yuan (USD 23.95 bn) in 2023. The report demonstrated that LONGi had consistently ranked 1st in global shipments of monocrystalline silicon wafers for nine consecutive years and saw a 87.68% increase in turnover in Europe for 2022. Nick Wang, Vice President of LONGi Europe Distributed Generation (DG), also announced the establishment of a new service and operation center in the EU for 2023.
The post Longi Releases Annual Report for 2022 and First Quarter of 2023 first appeared on BusinessMole.
