LONGi posts record quarterly revenue as mono wafer shipments increase 183%

September 2, 2019
Facebook
Twitter
LinkedIn
Reddit
Email
Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology (LONGi Group) has reported second quarter 2019 revenue of approximately US$1.17 billion, a new quarterly record, due to monocrystalline wafer shipments increasing by 183% in the first half of 2019, compared to the prior year period. Image: LONGi Group

Leading monocrystalline wafer producer and ‘Solar Module Super League’ (SMSL) member LONGi Green Energy Technology (LONGi Group) has reported second quarter 2019 revenue of approximately US$1.17 billion, a new quarterly record, due to monocrystalline wafer shipments increasing by 183% in the first half of 2019, compared to the prior year period.

LONGi Group reported first half year revenue (operating income) of RMB 14.1 billion (US$1.96 billion), compared to RMB 10 billion in the first half of 2018. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

LONGi Group reported first half year revenue (operating income) of RMB 14.1 billion (US$1.96 billion).

Mono wafer shipments were the key driver for the first half year financial results. Mono wafer sales topped 2,148 million pieces, a 183% increase, year-on-year. A total of 795 million pieces were used in-house for SMSL member, LONGi Solar.

In the first half of 2019, module shipments reached 3,193MW, compared to 3,232MW in the prior year period. However, module shipments overseas accounted for 76% (2,423MW) of the total sales, with overseas revenue increasing significantly.

In the first half of 2019, module shipments reached 3,193MW, compared to 3,232MW in the prior year period.

LONGi Group reported a net profit attributable to shareholders of RMB 1.996 billion, up 59.15% year-on-year.  Group gross profit margin was 26.22%, an increase of 3.6 percentage points, year-on-year.

LONGi Group reported a net profit attributable to shareholders of RMB 1.996 billion, up 59.15% year-on-year.

As PV Tech recently highlighted, LONGi was the biggest spender on R&D in 2018, its second consecutive year of topping the R&D rankings, having spent US$182.74 million, up from US$175.47 million in 2017. 

In the first half of 2019, LONGi reported R&D expenditure of RMB 718 million (US$100.12 million). LONGi Group and Hanergy Thin Film were the only two companies to surpass US$100 million in R&D spending in 2018, from 21 public listed PV manufacturers tracked by PV Tech.

Manufacturing update

According to LONGi’s “Production Capacity Planning for the next three years (2019-2021)”, the company plans to achieve 65GW of mono ingot/wafer capacity by the end of 2021.

Solar cell capacity is planned to reach 20GW by the end of 2021, while module capacity is planned to reach 30GW by the end of 2021. 

According to LONGi’s

Read Next

October 28, 2025
GoldenPeaks Capital secures EUR114 million (US$132 million) financing package for two solar PV Portfolio in Poland.
October 27, 2025
Waaree Energies has secured four solar module supply contracts totalling 692MW – three for projects in India and one in the US through its subsidiary.
October 27, 2025
Premier Energies has acquired a 51% stake each in transformer maker Transcon and inverter producer KSolare Energy. 
October 27, 2025
US solar technology company Swift Solar has deployed perovskite solar technology as part of a Department of Defence cyber warfare exercise in the state of Virginia.
October 23, 2025
US solar manufacturer T1 Energy sold approximately 725MW of solar modules in Q3 2025, as it continues to expand US manufacturing capabilities.
Sponsored
October 22, 2025
LONGi vice president Dennis She discusses the value logic behind the company's strategic focus on back contact technology.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
November 12, 2025
10am PST / 1pm EST
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany