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LONGi's revenue in the first quarter was 17.67 billion: down 38% year-on-year and a net loss of 2.35 billion

author:Thunder delivery
LONGi's revenue in the first quarter was 17.67 billion: down 38% year-on-year and a net loss of 2.35 billion

Rakuten on May 8

LONGi Green Energy Technology Co., Ltd. (company code: 601012, company abbreviation: LONGi Green Energy) recently released its financial report. According to the financial report, LONGi's revenue in the first quarter of 2024 will be 17.674 billion yuan, a year-on-year decrease of 37.59%.

LONGi's revenue in the first quarter was 17.67 billion: down 38% year-on-year and a net loss of 2.35 billion

The government subsidy included in LONGi Green Energy in the first quarter of 2024 is 78.48 million yuan.

LONGi's net loss in the first quarter of 2024 was 2.35 billion yuan, and the net loss after deducting non-profits was 2.419 billion yuan.

As of March 31, 2024, Li Zhenguo held 14.08% of the shares, Hong Kong Securities Clearing Co., Ltd. held 5.77% of the shares, Li Xiyan held 5.02% of the shares, Hillhouse's HHLR Management Co., Ltd. - China Value Fund (Exchange) held 4.98% of the shares, Chen Fashu held 2.34% of the shares, and Li Chunan held 2.11% of the shares;

LONGi's revenue in the first quarter was 17.67 billion: down 38% year-on-year and a net loss of 2.35 billion

As of March 31, 2024, LONGi's shareholding structure

The Industrial and Commercial Bank of China-SSE 50 ETF holds 1.33%, Zhong Baoshen holds 1.3%, Central Huijin Asset Management Co., Ltd. holds 1.19%, and Shaanxi Coal Co., Ltd. holds 0.95%.

As of December 31, 2023, Li Zhenguo held 14.08% of the shares, Hong Kong Securities Clearing Co., Ltd. held 7.27% of the shares, Li Xiyan held 5.02% of the shares, Hillhouse's HHLR Management Co., Ltd. - China Value Fund (Exchange) held 4.98% of the shares, Chen Fashu held 2.34% of the shares, and Li Chunan held 2.11% of the shares;

LONGi's revenue in the first quarter was 17.67 billion: down 38% year-on-year and a net loss of 2.35 billion

As of December 31, 2023, LONGi's shareholding structure

Zhong Baoshen holds 1.3%, Central Huijin Asset Management Co., Ltd. holds 1.19%, Industrial and Commercial Bank of China-SSE 50 ETF holds 0.98%, and Shaanxi Coal Co., Ltd. holds 0.95%.

In comparison, it can be found that Hong Kong Securities Clearing Company Limited has significantly reduced its holdings by 1.5 percentage points in the first quarter of 2024.

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