LONGi Reports 2024 H1 Financial Results: Revenue Surges Over 140%
Key Highlights
- Revenue reached an impressive 38.529 billion yuan.
- Asia-Pacific region sales skyrocketed by over 140% year-on-year.
- Global shipments of monocrystalline silicon wafers exceeded 100 GW.
- LONGi maintained its leading position in the global PV industry.
A Surge in Revenue
LONGi's financial performance in the first half of 2024 was marked by a significant increase in revenue. The company reported a revenue of 38.529 billion yuan, representing a substantial growth compared to the same period last year.
Asia-Pacific Region Drives Growth
A major contributor to LONGi's revenue growth was the Asia-Pacific region, where sales surged by over 140% year-on-year. This increase highlights the company's expanding presence in the region and its ability to cater to the growing demand for solar energy solutions.
Global Expansion and Innovation
Beyond the Asia-Pacific region, LONGi continued to expand its global reach. The company achieved remarkable success in global shipments of monocrystalline silicon wafers, surpassing 100 GW. This milestone demonstrates LONGi's commitment to innovation and meeting the increasing demand for high-efficiency solar products.
Maintaining Industry Leadership
LONGi's strong financial performance has helped it maintain its leading position in the global PV industry. The company's continued focus on research and development, as well as its commitment to providing high-quality products, has solidified its position as a key player in the solar energy market.
Conclusion
LONGi's H1 2024 financial results showcase the company's impressive growth and its unwavering commitment to the solar energy industry. With its strong revenue performance, global expansion, and dedication to innovation, LONGi is poised for continued success in the years to come.
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