LONGi Rated With Highest Altman-Z Score by BloombergNEF

• LONGi has actually been ranked with the greatest Altman Z rating of all the openly priced quote pure-play solar suppliers by BloombergNEF

In February, BloombergNEF, a leading carrier of international PV service characteristics and also economic details had actually launched the "1Q 2020 Global PV Market Outlook". LONGi, which is just one of the globe's leading solar module supplier, was ranked with the greatest Altman-Z rating of all the openly estimated pure-play solar producers. The supplier was likewise on BloombergNEF's Tier 1 module manufacturer checklist and also among the 3 biggest module suppliers, by capability.

The Altman-Z rating is a proportion sign that shows the economic wellness of a making business. LONGi was noted initially among all pure-play PV business worldwide with a rating of 3.6, suggesting solid monetary health and wellness.

For many years, LONGi has actually preserved leading threat control administration and also the capability to swiftly react to market adjustments. The firm operates a viewpoint of secure procedure and also lasting advancement, as well as LONGi has actually kept a reduced asset-liability proportion around 50 percent with the years, which is among the most affordable in the PV sector. The solid return on properties maintained success as well as tried and tested bankability has actually been confirmed and also acknowledged by the sector.

Throughout its procedures, LONGi has actually shown its lasting advancement abilities and also obligations as a world-leading international solar modern technology firm.

"LONGi's dependable and also secure efficiency in the solar market has actually constructed a great credibility in the sector. Deliveries of LONGi's solar items worldwide have actually proliferated as well as we are acquiring grip to be the front runner for international consumers. LONGi will certainly remain to offer leading innovations as well as high-value go back to our companions as well as consumers." Wang Yingge, Head of Global Marketing, LONGi Solar, commented.

In December 2019, the company had actually introduced that it has actually become part of a tactical collaboration arrangement with Adani Green Energy, where LONGi will provide Adani with its brand-new generation Hi MO4 components. The contract established support of approximately 1.2 GW components to be provided to Adani by 2020. Both events accepted remain to strengthen their calculated collaboration over the following 3-5 years.