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LONGi Green Energy Technology Co Ltd Class A 601012

Morningstar Rating
CNY 13.51 +0.05 (0.37%)
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Company Report

LONGi Green Energy Turned Lossmaking as Solar Wafer and Module Prices Fell

LONGi Green Energy Technology is one of world's largest integrated solar company, growing from its origins as a solar wafer manufacturer. The company is largely self-sufficient, with its solar wafers and cells produced internally. While this has helped it smooth out pricing cycles along the solar supply chain, it does not exempt LONGi when the whole industry is shattered by overcapacity.

Price vs Fair Value

601012 is trading at a 628% premium.
Price
CNY 13.46
Fair Value
CNY 69.50
Uncertainty
High
1-Star Price
CNY 56.33
5-Star Price
CNY 29.57
Economic Moat
Pjrs
Capital Allocation
Bypyyrspf

Bulls Say, Bears Say

Bulls

LONGi will benefit as smaller players exit the industry during the current downturn.

Bears

It will take longer than expected for the industry to recover from overcapacity.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
CNY 13.46
Day Range
CNY 13.3413.67
52-Week Range
CNY 13.3431.31
Bid/Ask
CNY 13.51 / CNY 13.52
Market Cap
CNY 102.38 Bil
Volume/Avg
78.5 Mil / 98.1 Mil

Key Statistics

Price/Earnings (Normalized)
15.51
Price/Sales
0.86
Dividend Yield (Trailing)
2.97%
Dividend Yield (Forward)
Total Yield
2.97%

Company Profile

LONGi Green Energy Technology is one of the largest integrated solar company in the world. It produced 127.5 gigawatts of solar silicon wafers and 72.8 GW of solar modules in 2023. Solar silicon wafer and solar module contributed 19% and 77% of revenue in 2023, respectively. LONGi’s production bases are mostly in China. LONGi’s products are sold in more than 150 countries and regions.
Sector
Technology
Industry
Semiconductor Equipment & Materials
Stock Style Box
Large Core
Total Number of Employees
75,066

Competitors

Valuation

Metric
601012
002129
600438
Price/Earnings (Normalized)
15.5165.2512.10
Price/Book Value
1.500.851.29
Price/Sales
0.860.660.66
Price/Cash Flow
15.557.663.04
Price/Earnings
601012
002129
600438

Financial Strength

Metric
601012
002129
600438
Quick Ratio
1.000.981.34
Current Ratio
1.421.541.73
Interest Coverage
7.351.3334.25
Quick Ratio
601012
002129
600438

Profitability

Metric
601012
002129
600438
Return on Assets (Normalized)
2.86%−0.55%2.61%
Return on Equity (Normalized)
6.62%−1.64%6.81%
Return on Invested Capital (Normalized)
4.39%−0.17%3.07%
Return on Assets
601012
002129
600438
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