On the evening of August 24, LONGi Green Energy disclosed its 2022 semi-annual report. In the first half of the year, the company achieved an operating income of 50.417 billion yuan, a year-on-year increase of 43.64%; more than half of the previously determined annual revenue target of 100 billion yuan was successfully achieved. In the first half of the year, the net profit was 6.481 billion yuan, a year-on-year increase of 29.79%; the non-net profit was 6.405 billion yuan, a year-on-year increase of 30.58%; the operating cash flow was 10.698 billion yuan, a significant year-on-year increase.
According to the data, in the first half of 2022, LONGi Green Energy achieved 39.62GW of monocrystalline silicon wafer shipments. Among them, 20.15GW were sold externally and 19.47GW for self-use; 18.02GW of monocrystalline modules were shipped, of which 17.70GW was sold externally (including 87.35MW of BIPV modules sold externally) and 0.32GW was used for self-use. On the evening of the same day, LONGi Green Energy announced that it plans to invest over 13.2 billion yuan to build monocrystalline silicon ingots, wafers and modules in Ordos and Wuhu to further increase production capacity.
Strong demand in overseas markets
LONGi Green Energy said that in the first half of 2022, the demand for the photovoltaic industry has grown rapidly, but it is also faced with a shortage of raw materials, rising prices and a complex and volatile business environment in international trade. The company is customer-centric, continues to increase investment in innovation, and insists on promoting product innovation. , business innovation and service innovation, and continue to build brand influence; increase production line transformation and advanced production capacity construction, actively respond to trade risks, optimize operation management, deepen organizational reform, improve operational efficiency, and strictly control operational risks.
During the reporting period, the European Commission officially adopted the “RE Power EU” energy plan, which aims to accelerate the transformation of the energy system to address European energy security issues. Among them, it is planned to increase the proportion of renewable energy in the energy structure from 40% to 45% in 2030, and it is planned to accelerate investment in renewable energy. By 2025, the installed capacity of solar photovoltaics will double to more than 320GW, and by 2030 Close to 600GW.