LONGi Group's sales energy of solar modules and mono-wafers continues in Q1

• Leading monocrystalline wafer producer and 'Solar Module Super League' (SMSL) participant LONGi Environment-friendly Energy and subsidiary, LONGi Solar, have actually proceeded an unmatched sales run, scratching up very first quarter 2021 profits of RMB15.85 billion (US$ 2.44 billion), its second highest quarterly numbers.

The performances follows the company just recently reported fourth quarter and full-year 2020 financial results, publishing record profits and deliveries.

LONGi likewise reported its highest possible quarterly web revenue numbers for the initial quarter of 2021, reaching RMB2.5 billion (US$ 386.4 million), contrasted to a web earnings of US$ 339.14 in the fourth quarter of 2020 on profits of US$ 3.2 billion.

The record quarterly web earnings boost could be attributed to higher Average Offering Prices (ASPs) after multiple wafer price increases made in feedback to higher polysilicon buying prices in the reporting quarter.

LONGi Group's wafer, cell and module production abilities had reached 85GW, 30GW and 50GW respectively, at the end of 2020.

The company has actually directed 2021 ability levels of 105GW for mono-wafers, 38GW for solar cells and 65GW of module setting up capacity, by the end of 2021.