The Total Market Value Exceeded 100 Billion Yuan! “Expansion King” Longji’s Q1 Net Profit is Expected to Increase by More Than 170%

In the first quarter of 2020, solar photovoltaic companies issued performance forecasts, and more than half of the companies were affected by the epidemic, resulting in a decline in net profit.

However, the epidemic did not affect Longji, the world’s largest manufacturer of monocrystalline solar products.

On the evening of April 16, Longji announced that it expects to realize net profit attributable to shareholders of listed companies in the first quarter of this year of 1.65 billion to 1.950 billion yuan, an increase of 175.05% to 219.15% year-on-year. After deducting non-recurring gains and losses, the company’s net profit also reached 1.549 billion yuan to 1.849 billion yuan.

Public information shows that in the same period last year, Longji shares realized a net profit attributable to shareholders of listed companies of 611 million yuan. As a result, in the first quarter of 2020, Longji’s main business performance was very strong.

WSL Solar – Manufacturer of Custom Solar Panel

“The King of Expansion” Expanding Production Capacity

According to the announcement, Longji shares attributed the rapid growth of performance to the expansion of production capacity.

Throughout the entire solar photovoltaic industry, Longji shares are well-deserved “kings of expansion,” and public data compilation shows that the investment amount of Longji shares reached as high as 30 billion yuan in 2019 alone.

Longji said that under the influence of the expansion of production capacity, the company’s main products monocrystalline solar wafers and solar modules sales increased rapidly year-on-year, the proportion of large-size silicon wafers and high-power solar module products increased rapidly, and the operating income increased significantly year-on-year Costs continued to decrease, and product gross profit margins increased year-on-year.

Looking back on 2019, in the case of sluggish domestic PV market demand, many domestic PV companies, including Longji, have chosen to “go overseas.” Taking the company’s solar module shipments in the first half of 2019 as an example, its overseas shipments accounted for 70%.

Longji said that in the first quarter of this year, in the face of the spread of the epidemic and the complex external operating environment, it flexibly adjusted its production and operation plans. For overseas orders, the company strengthened timely communication with domestic and foreign customers, and strived to ensure timely and high-quality delivery of orders in hand.

In addition, the crazy expansion of Longji’s shares on the silicon side in 2019 seems to be preparing for the future price war of monocrystalline solar wafers.

On March 25, 2020, LONGi released the price announcement of monocrystalline solar wafers. The price of monocrystalline solar wafers P-type M6 180μm thickness (166 / 223mm) is 3.41 yuan / sheet, which is the price announced on February 24 Compared with it, it is reduced by 0.06 yuan / piece; the price of single crystal solar silicon P-type M2 180 μm thickness is 3.07 yuan / piece. Compared with the price released on February 24, it remains unchanged.

In this announcement, Longji announced the same price for P-type boron-doped and gallium-doped silicon wafers. Industry insiders believe that its official announcement of the same price for both may be laying the foundation for the elimination of backward monocrystalline solar capacity.

The long-term trend of solar photovoltaics has not changed

At present, under the spread of overseas epidemics, short-term demand in overseas markets has been impacted, and whether the overseas sales of Longji shares have been affected has attracted considerable attention from investors.

On April 15th, Longji’s board secretary responded that the epidemic was a short-term impact on the solar photovoltaic industry, and the mid-to-long term trend of the solar photovoltaic industry has not changed. The company’s order fulfillment has been normal in the past week, and it will carefully evaluate the market situation to fully prevent market risks.

It is worth mentioning that in 2020, Longji shares non-stop, and has successively announced a number of expansion projects to further enhance the overall production capacity.

According to public information, Longji’s planned production capacity has exceeded 133GW, and on its traditional strength silicon side, it will achieve 80GW of production capacity in 2020.

It is worth noting that the development trend of large-size silicon wafers has also become a hot topic this year. M6 (166mm) size silicon wafers represented by Longji shares and M12 (210mm) size silicon wafers represented by Zhonghuan shares Direct collision.

According to Longji shares, the company ’s M6 (166mm) silicon wafer orders have been filled in the second quarter since full production resumed in March. Looking forward to the whole year, its calculated M6 silicon wafer will account for more than 70% of the total shipments.

It can be said that from the comparison of production capacity, Longji currently has no rivals on the silicon side.

Finally, back to the performance forecast, affected by the large pre-increased performance of Longji shares, Longji shares opened higher and higher today, and once touched the daily price limit, the total market value exceeded 100 billion yuan.

Relevant agencies expect that the second quarter of this year will be a period of downturn overseas. The adjustment of the industrial chain price will accelerate, driving the demand after the epidemic. The leading share will further increase. The current adjustment is relatively large. The long-term value of the solar photovoltaic leading including Longji shares appears.

Posted by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

Longi: 2020 is the Best Time for BIPV to Take Off

After years of development, BIPV is moving from concept to landing. 

More and more companies realize that the integration of solar photovoltaic modules and building materials is a double benefit for the solar photovoltaic industry and the construction industry, and in the process has set off a new revolution in green development. 

At present, the integration of green intelligent power generation systems in buildings has become the consensus of all countries and the trend of building development. 

BIPV is already well-equipped in China and will usher in rapid development. It is reported that in June 2020, a BIPV project with an installed capacity of up to 40.9 MW in Jiangxi Province will be completed and will be the largest BIPV project in the world after completion. 

BIPV exceeds the “trillion” market development potential, so that many solar photovoltaic companies are “coveted”. 

Custom Solar Panel from WSL Solar

Longji announced that in the second half of 2020, the company will join the BIPV market army and is expected to launch new BIPV products and solutions, which will further promote the rapid development of the domestic BIPV market. 

Longji New Energy said that for the Chinese BIPV industry, the industrial and commercial roof market has a huge capacity. According to data statistics, the total area of ​​photovoltaics that can be installed on the roofs of existing industrial and commercial (including public buildings) nationwide is about 6 billion square meters, and the facade is about 1.6 billion square meters, totaling nearly 8 billion square meters. If all are built into BIPV, a total of 1100GW can be installed, equivalent to A potential market of 5.5 trillion yuan. 

As early as two years ago, CITIC Bo discovered the huge business opportunities in the BIPV market. Relying on its own technical advantages, it carried out the preliminary layout, compared the advantages and disadvantages of various types of BIPV projects at home and abroad, and carried out technical research on the core difficulties. 

CITIC Bo predicts that in the future, more owners will adopt BIPV integrated solutions. While enjoying the green benefits of solar power generation, they will also save the capital cost and time of roof repairs. 

As one of the earliest domestic enterprises engaged in solar photovoltaic power generation business, Dongfang Risheng is also actively deploying BIPV. At the beginning of 2020, Dongfang Risheng said that the company has reserved and applied BIPV-related technologies. 

It is understood that Dongfang Risheng Changzhou’s 2.05MW BIPV project has passed the grid acceptance on August 28, 2019 and started generating electricity. It is estimated that the average annual power generation is about 2 million kWh, and the internal investment return rate is 14.8%. 

JinkoSolar has given a forecast of the legislative requirements for photovoltaic buildings. Jinkoko Electric said that by 2025, more and more countries and regions will adopt local regulations to modify or add building standards for local application of solar energy systems. It is required that within a certain height, new residential buildings above a certain area must be installed with photovoltaic systems; all suitable industrial and commercial roofs of the park must be installed with photovoltaics, which will also be incorporated into local park management regulations. 

The industry believes that BIPV is a key technical factor to solve the demand for near-zero energy consumption of building electricity. With the rapid reduction in the cost of the solar photovoltaic industry chain in recent years, the photovoltaic industry has moved from solar photovoltaic power plants to BIPV, and the industry has moved from policy dependence to no In the era of subsidies, the rise of spontaneous market demand will open up a broad space for the development of BIPV.

Longji said that 2020 is the starting point of the rise of BIPV, and BIPV’s investment income can recover the investment in the construction of the entire house within 20-25 years. 

LONGi shares revealed that in China, LONGi’s involvement in BIPV is mainly to enlarge the company’s industrial park, logistics and other major customers, and will not be pushed out to residents for the time being. 

Longji shares once said in a conference call, “Now Longji has done a lot of IP layout, more is the intellectual property protection of appearance and structure, that is, customer recognition, this should be the new blue ocean. In addition, in the photovoltaic scenario such as Rural distributed energy storage plus diesel backup can reduce costs, which is why the company is involved in BIPV (photovoltaic building materials). ” 

Lungi believes that with the continuous decline of BIPV investment costs, the continuous improvement of industry standards and the continuous completion of certification qualifications, market growth is expected to accelerate. Now, perhaps the best time for BIPV to take off. 

Posted by Carrie Wong | WSL Solar  

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

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What is an Amorphous Silicon Solar Cell | WSL Solar

Amorphous silicon solar cells (a-Si solar cell) are devices that convert light energy into electrical energy through photoelectric or photochemical effects.

Amorphous silicon cells are solar cells made of amorphous silicon thin films deposited on conductive glass substrates. This kind of solar cell features with low cost and good performance at weak light condition, it has been widely used in micro-low-power power supplies for indoor use, such as watch batteries, calculator batteries and self-powered wireless sensor etc .

Welcome to watch this video to know more about a-Si solar cell.

Created by Carrie Wong | WSL Solar

WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006.

Custom Solar Panel | 6V 2W

WSL Solar’s 6V 2W solar panel is built with the latest most efficient polycrystalline solar cell. It is laminated by tempered glass, which is durable and robust.

This custom solar panel is great for charging your 3.7-volt DC batteries and ideal for use in off grid applications such as solar lanterns, wireless sensors, wall lights, edge marking light etc.


– With cutting-edge high efficiency poly solar cell

– Positive power tolerance

– Tempered glass laminated, high transmission, durable & robust

– Withstanding challenging environmental conditions

– Waterproof, scratch resistant & UV resistant

Solar panel size: 125x135x4.5mm

WSL Solar has been a quality and professional manufacturer of customized solar panels and solar solution provider in China since 2006.

Custom Solar Panel | 9V 1.5W

9V 1.5W Solar Panel

WSL Solar’s 9V 1.5W solar panel is built with high efficiency polycrystalline solar cell. It is laminated by tempered glass, which is durable and robust.

This custom solar panel is great for charging your 6-volt DC batteries and ideal for use in off grid applications such as solar lanterns, solar chargers, GPS tracking etc.

Solar panel size: 125x135x4.5mm

WSL Solar has been a quality and professional manufacturer of customized solar panels and solar solution provider in China since 2006.

What are the Basic Parameters of Custom Solar Panels?

Custom Solar Panels have several basic parameters, rated power (Pmax), efficiency (η), open circuit voltage (Voc), short circuit current (Isc), peak voltage (Vmpp), and peak current (Impp).

Custom Solar Panel

Their definitions are as follows:

Rated power (Pmax): indicates the power generated by the maximum power point voltage when the custom solar panel is at the standard ambient temperature (STC, ie, the atmospheric mass is 1.5, ambient temperature is 25 ° C, the light radiation intensity is 1000 W/m 2 );

Efficiency (η): represents the photoelectric conversion efficiency of the silicon wafer inside the custom solar panel, such as an efficiency of 16.5%, which means that the silicon wafer can generate 165 W of electricity per square meter;

Open circuit voltage (Voc): indicates the voltage across the positive and negative terminals (custom solar panel’s no-load voltage) when the solar panel is open at standard ambient temperature;

Short-circuit current (Isc): indicates the short-circuit current generated by short-circuit between the positive and negative terminals of the solar panel when the panel is at the standard ambient temperature;

Peak voltage (Vmpp): indicates the operating voltage of the customized solar panel at the maximum power point (the highest voltage in strong light) when the panel is at the standard ambient temperature;

Peak current (Impp): Indicates the operating current corresponding to the operating voltage of the solar panel at the maximum power point when the panel is at the standard ambient temperature.

Author: Carrie Wong

From WSL Solar Co., Ltd.

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.


Ranked No. 1 in the World for 4 Consecutive Years. Why Jinko?

Recently, Jinko has frequently moved, and international solar module orders have been continuously updated. At the same time, it has also raised its 2020 performance forecast. 

According to incomplete statistics, JinkoSolar’s international solar photovoltaic module orders opened in 2020 only reached 1.2GW. 

5W Solar Panel from WSL Solar

Judging from the recent international orders signed, including Sri Lanka and Hungary, JinkoSolar supplies 400W high-efficiency Cheetah solar panels for Sri Lanka roof projects and 13.6MW modules for 19 photovoltaic power stations in Hungary. 

The announcement revealed that JinkoSolar provided 2MW high-efficiency Cheetah series solar panels to Jacksons Power and Energy in Sri Lanka, which is currently one of the country’s largest rooftop photovoltaic systems. Compared with traditional single-sided solar panels, Cheetah’s 158.75-size half-cell cell design enables industrial and commercial rooftop photovoltaic systems to provide higher power, efficiency, and less shadow blocking effects, increasing the power generation by 15% in the same area. 

In Hungary, JinkoSolar supplied 13.6MW of solar modules to Photon Energy Solutions HU Kft (“Photon Energy”) for installation in three Hungary projects. These projects consist of 19 photovoltaic power plants, located in Tisa Kecske, Hungary, Ormászf it, and Nagyécéd, Hungary. It is understood that the total annual power generation of the above power stations is expected to be 16GWh. 

In addition, JinkoSolar recently provided 1GW of high-efficiency photovoltaic solar panels to photovoltaic power stations in Colombia, Mexico and Spain. 

In fact, most of the orders for photovoltaic module companies in 2020 have been signed in the second half of 2019, and JinkoSolar’s public orders are actually only part of the signed orders. 

People in the photovoltaic industry will not be unfamiliar with Jinko Energy. JinkoSolar Holdings Limited (NYSE: JKS) is a ground company in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the UAE, Italy, Spain, France, Belgium and other regions. Solar power products, solutions and technical services are provided by power station, commercial and civil customers. 

It is worth mentioning that JinkoSolar recently raised its forecast for the fourth quarter and full year of 2019. 

JinkoSolar predicts that total solar PV module shipments in the fourth quarter of 2019 will reach 4.5GW-4.6GW, with total revenue of US $ 1.35 billion-US $ 1.38 billion, respectively, a 6% increase from previous estimates, 14%. In terms of gross profit margin, JinkoSolar is expected to reach 18% -20% in the fourth quarter of 2019, and the previous guidance price was 18.5% -20.5%. 

For the full year of 2019, JinkoSolar will increase its total solar PV module shipments to 14.3-14.44GW. 

Looking forward to 2020, JinkoSolar estimates that this year’s module shipment will be about 18GW-20GW, which is about 4GW-6GW higher than the full-year forecast for 2019, which means that total PV module shipments will increase by 35%. 

It should be noted that since 2016, JinkoSolar has firmly occupied the leading position in global photovoltaic module shipments. 

According to statistics, JinkoSolar continues to be the leader in photovoltaic modules in 2019, and Jinko’s module shipments in 2019 are 14.3-14.44GW, which is 37.86% higher than the second place. This is the fourth consecutive year that JinkoSolar has occupied the largest shipments since 2016. 

JinkoSolar has established a vertically integrated photovoltaic industry chain. As of December 31, 2019, monolithic wafer capacity was 11.5 GW, solar cell capacity was 10.6 GW, and solar module capacity was 16GW. JinkoSolar has 7 production bases worldwide, 15 overseas subsidiaries, and more than 15,000 employees. 

Editor: Carrie Wong / WSL Solar 

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

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Tesla, Jinko Scramble To Lay Out the Roof Photovoltaic, Is the Era of Customization Coming?

With the rise of global green energy, the development of the rooftop photovoltaic market has become a general trend. Whether domestic or overseas, this market is being deployed one after another. 

Earlier this year, Tesla CEO Elon Musk stated that the company will prepare to launch solar roof business in other international markets outside the United States in 2020, including China. 

20W Solar Panel from WSL Solar 

Tesla’s layout of its solar roof business dates back to 2008. 

In October 2008, Tesla founder Elon Musk’s cousins ​​Lyndon Rive and Peter Rive founded SolarCity, a family photovoltaic installation company with a cumulative installed capacity of more than 3GW. It was once the largest domestic solar photovoltaic system service provider in the United States. 

In December 2012, SolarCity went public on the Nasdaq and acquired Silevo in 2014, extending from photovoltaic installation services to the manufacturing of battery modules. 

In June 2016, Tesla purchased SolarCity under its $ 2.6 billion stock, but SolarCity was in a dilemma when it was acquired. In the following years, its business plummeted and it suffered annual losses.Musk was also accused by Tesla shareholders and To sue. 

In October 2019, Tesla launched its third-generation photovoltaic roof product (Solar Roof V3). Due to the use of Chinese photovoltaic cells, the price is 40% lower than in the past. 

In December 2019, Musk stated on Tesla’s earnings call that Tesla’s photovoltaic and energy storage business will grow faster than its electric vehicle business, and Tesla will focus more on Tesla Pull on the energy business. 

According to the company’s latest developments, Tesla is looking for “business and residential user-side” business development managers, project development engineering managers and other related talents. The monthly salary for the position of business development manager is 30,000 to 40,000 yuan, that is, the highest annual salary can be Up to 480,000 yuan. It is enough to see Tesla’s determination to revive the solar roof photovoltaic business. 

In fact, Tesla’s development of photovoltaics in China is inseparable from Chinese products and technologies. In the final analysis, Tesla’s main profit model is to improve Tesla’s new energy electric vehicle charging needs, and use solar photovoltaic power generation as a new investment profit growth point. 

The industry’s analysis of Tesla’s business model found that the company made profits through investment in photovoltaic power plants, so Tesla’s benchmarking company was photovoltaic power plant development investment and operating companies. 

It is unclear whether Tesla’s BIPV business in China will replicate the US model. 

Back in the domestic market, companies’ investment in rooftop photovoltaics is also in full swing. 

Since the fourth quarter of 2019, Jinko has launched its N-type all-black module, which is specifically targeted at the residential roofing market. It has a 405-watt residential version with an efficiency of 21.22%. The launch of this product means that The company will vigorously expand its photovoltaic home roof business in 2020 in Europe, Japan, Australia, Southeast Asia and China. 

On January 4, 2020, Ganneng announced that Jiangxi Yuchen Smart Energy Co., Ltd., a subsidiary of the company, plans to build a 16MWp rooftop photovoltaic power generation project in the Oufei Light Park in the high-tech zone of Nanchang, Jiangxi Province. The total planned investment of the project is about 5,400. It is planned to be connected to the grid for power generation in the first half of 2020. 

On March 4, 2020, Jinlang Technology and Wal-Mart jointly created an urban green photovoltaic roof, aiming to achieve the 2025 emission reduction target and promote the harmonious symbiosis of industry development and the natural environment. 

In fact, from 2013 to 2020, just 7 years after the Chinese household photovoltaic market was subsidized by the government, the Chinese household photovoltaic market set off an ups and downs for the whole nation. 

Since the “531 Policy”, whether for active or passive reasons, in order to promote the further reduction of photovoltaic power generation costs, Chinese photovoltaic companies are getting rid of the risk of a single market and actively deploying the rooftop photovoltaic market. 

According to the industry, the early pain points of rooftop photovoltaic include sub charging, high power with low power, exaggerated publicity, and making quick money in the business process. There is no shortage of short-term speculation in the industry, no long-term planning, and even zero investment in maintenance after installation. What’s more, some brand advertisements promise a 20-year guarantee, but in fact they haven’t done operation and maintenance work and can’t guarantee quality at all. 

As photovoltaic power generation enters millions of households, the competition on rooftop photovoltaics will shift from simply competing for rooftop resources to a high-quality, high-security, high-tech competition model with efficient technology as its core competence. 

In the future, rooftop photovoltaics will enter the era of efficient technology and personalized customization. 

In terms of system design, Chinese companies are also exploring and innovating. They have conducted in-depth research in the areas of rapid assembly, saving materials, and reducing assembly labor costs in order to have multiple advantages. 

In the future, the focus of photovoltaic research and development will also focus on photovoltaic materials to high-efficiency cells, high-efficiency components, and customized system integration design. Think about how to integrate excellent technology and equipment to share the huge “cake” of the rooftop photovoltaic market. “. 

Editor: Carrie Wong / WSL Solar 

WSL Solar has been a quality and professional manufacturer of custom solar panel and solar solution provider in China since 2006.

China’s Solar Photovoltaic Product Exports in the First 10 Months Increased by 32.3%

A few days ago, Wang Bohua, secretary general of the China Photovoltaic Industry Association, provided data that from January to October 2019, China’s photovoltaic product exports reached a new high.

Custom Solar Panel from WSL Solar

According to statistics, the total export of silicon wafers, solar cells and solar panels reached US $ 17.74 billion, a year-on-year increase of 32.3%. Among them, the high-tech midstream photovoltaic products’ solar cell exports in the first half of this year have exceeded the whole of 2018; downstream solar panel exports have exceeded the whole of 2018 in the first eight months of this year.

  Small Solar Panel from WSL Solar

Not only that, Wang Bohua said that based on the substantial increase in export value, the diversification trend of China’s solar photovoltaic exports has also become stronger. At present, there are 26 countries and regions with exports exceeding US $ 100 million, and 13 countries with exports exceeding 1 GW.

5V Solar Panel from WSL Solar

Editor: Carrie Wong / WSL Solar
WSL Solar has been a quality and professional manufacturer of custom solar panels and solar solution provider in China since 2006.

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