Longi Green Energy Technology Co., Ltd. Class A · SSE:601012
Longi Green Energy Technology Co., Ltd. Class A — FY2023 Earnings Presentation
17 slides from Longi Green Energy Technology Co., Ltd. Class A's earnings presentation, Apr 30, 2024
Slide 1: LONGi Green Energy 2023&2024Q1 Results Investor Presentation
LONGi Green Energy 2023&2024Q1 Results Investor Presentation 2024.4.30
Slide 2: Contents
Contents 01 Industry Snapshot 02 Business Review 03 Future Outlook
Slide 3: Industry Snapshot
1 Industry Snapshot
Slide 4: Global solar demand saw strong growth and China hit a record high in 2023
Global solar demand saw strong growth and China hit a record high in 2023 In the context of the global energy transition, coupled with continuous improvement of the solar power economics, the global solar demand continued to exceed expectations with about 390GWac of new installations in 2023, a ye
Slide 5: Solar industry faced overcapacity, which resulted in sharp decline of solar prices
Solar industry faced overcapacity, which resulted in sharp decline of solar prices Polysilicon price change in 2023 (yuan/kg) Mono wafer price change in 2023 (yuan/pc) 190 down 50% down 66% in 2023 3.90 in 2023 3.47 2.2 65 P-Wafer-182(DW) N-Wafer-182(DW) 2 Mono cell price change in 2023 (yuan/W) Mon
Slide 6: Business Review
2 Business Review
Slide 7: Adhering to steady and sustainable development, the company's operation was generally stable
Adhering to steady and sustainable development, the company's operation was generally stable Revenues (RMB bn) Net profit and operating cash flow in 2023 (RMB bn) 129.00 129.50 10.75 8.12 Net profit attributable to Net cash flow from operating 2022 2023 sharesholders of the listed activities company
Slide 8: Continued to launch market-leading differentiated products, and product shipments increased significantly
Continued to launch market-leading differentiated products, and the product shipments increased significantly Mono wafer shipments (GW) Mono wafer shipment External sales of mono cell breakdown (GW) (GW) 125.42 71.63 +72% +47% 5.9 53.79 85.06 3.44 2022 2023 E xtern al sal es For s el f u s e 2022 20
Slide 9: Maintained high-intensity R&D investment to achieve long-term development with technological innovation
Maintained high-intensity R&D investment to achieve long-term development with technological innovation R&D investment in 2023 was RMB 7.71 billion 2,879 patents obtained as of the end of 2023 HPBC modules Tairui Wafers By the end of 2023, the average Compatible with all current crystalline sili
Slide 10: Maintained rational investment in capacity expansion, and global production capacity layout was optimized
Maintained rational investment in capacity expansion, and global production capacity layout was optimized In 2023, the company maintained rational investment *** Important projects *** Progress as of 2023/12/31 in capacity expansion adaptable to industry changes, focused on promoting high-efficien
Slide 11: The hydrogen energy business was successfully cultivated, and the revenue exceeded 100 million yuan
The hydrogen energy business was successfully cultivated, and the revenue exceeded 100 million yuan In the context of carbon neutrality, the company seized the development opportunity of "green electricity + green hydrogen", continued to strengthen the cultivation of hydrogen energy business, and
Slide 12: Deeply practiced the concept of ESG, and had outstanding performance in sustainable development
Deeply practiced the concept of ESG, and had outstanding performance in sustainable development With the mission of promoting sustainable development, the company has fully implemented cleaner production, energy conservation and emission reduction through technological innovation, process optimiza
Slide 13: Continued to promote the differentiated product strategy, and product shipments grew steadily in 2024Q1
Continued to promote the differentiated product strategy, and the product shipments grew steadily in 2024Q1 In the first quarter of 2024, the solar market entered the off-season of demand, and the industry competition intensified further. The solar prices in the main industry chain continued to de
Slide 14: Future Outlook
3 Future Outlook
Slide 15: Global solar demand will continue to grow in 2024 at a year-on-year increase of >20%
Global solar demand will continue to grow in 2024 at a year-on-year increase of >20% Driven by energy policy support and the economics of solar power generation, it is expected that the global new solar installation will maintain continuous growth in 2024, which may exceed 20% year-on-year, despit
Slide 16: Business outlook
Business outlook In the future, based on the long-term sustainable development goals, the company will lead the technological transformation of the industry with BC technology and accelerate the industrial iteration of BC technology; adhere to customer first, strengthen products and services, incr
Slide 17: Thanks
LONGi Green Energy Technology — FY2023 Earnings Presentation on 6ix