LONGi has the highest Altman-Z score among all solar manufacturers in BloombergNEF’s Q2report, displaying strong bankability  

LONGi has the highest Altman-Z score of 3.27 among all photovoltaic manufacturers in BloombergNEF’s recently released “2Q 2020 Global PV Market Outlook” and is now the largest module manufacturer, with a production capacity of 20GW.

Figure 1:Q2 2020 Global PV Market Outlook》,BloombergNEF

 The Altman-Z score is a financial ratio indicator that reflects the financial health of a manufacturing company and underlines LONGi’s financial health and strong bankability.

Based on itsincreasing strength andits continuing investments in innovations throughR&D, LONGi has consistentlymaintained its abilityto respond to market changes and mitigate risk.According to the company’s newly released Q1 2020 and full year 2019 results, its revenue from operations has increased by 49.62% over 2018 to reach 32.897 billion yuan ($4756.7 million) in 2019. The company has invested 1.677 billion yuan ($242.48 million) in R&D, accounting for 5.1% of operational revenue.The sustained levels of R&D investment have brought strong support for achieving breakthrough innovations.

As of March 2020, LONGi’s total assets have reached 63.151 billion yuan ($8913.21 million) and its asset-liability ratio stands at 52.29%, down from 2018. The company’s strong return on assets, profitability and proven bankability have been validated and recognized by industry authorities.

As the world’s leading solar technology company, LONGi has met BloombergNEF’s Tier 1 criteria for photovoltaic module manufacturers for many years. This is a result of itscontinuous improvement in brand credibility and the steady market growth, as well as recognition ofits comprehensive strength.

Figure 2:Q2 2020 Global PV Market Outlook》,BloombergNEF

(Manufacturers arelisted in reverse alphabetic order)

 “LONGi always had sustainable business development and reliable operational performance at its heart.BloombergNEF’s report once again confirmed our core values of financial strength and production capacity. As a global pioneer in the PV industry, LONGi will continue toexpand its capacity with leading monocrystalline products that delivers the highest value forour customers and partners,”Wang Yingge, Head of Global Marketing, commented.

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