Major monocrystalline wafer producer Longi Silicon Materials has reported a first-half 2015 operating income of around US$264.2 million, 15.3% higher than the prior-year period.
The sales increase was partially due to its strategy to move into monocrystalline solar cell and module production as part of a strategy to support wider adoption of the high-efficiency technology. PV module revenue was said to have increase 170-fold since the prior-year period.
Net cash flow from operating activities were US$40.2 million, with a net profit attributable to shareholders was US$18.4 million.
External wafer sales were 819MW, and module sales volume was 69MW. The company noted that it had accumulated contract orders for PV modules totalling 600MW. Module shipments were expected to exceed its annual target.
Longi reached a nameplate capacity of 3GW for monocrystalline silicon rods and wafers in 2014.