Longji joint-stock company:the exponential growth of net profit from 2014 to 2017 - SolarStar

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December2014
Longji joint-stock company:the exponential growth of net profit from 2014 to 2017Tags£ºLongji joint-stock company  monocrystalline silicon  PV 

       The equity incentive program of Longji joint-stock company  was adopted by shareholders on December 12th.This program will benefit as many as 734 people,basically covering all the core backbone members in the company. However,the company will also lay emphasis on improving performance to realize the exponential growth of net profit from 2014 to 2017.

As far as the current market reaction,Li Zhenguo,the general manager of Longji joint-stock company,said at the shareholders meeting,“At present, the annual net profit is predicted to be between 270 million yuan to 300 million yuan.The rapid growth mainly results from our capacity enhancement program.”

As a leader in monocrystalline silicon  industry,Longji reduced the cost continually by some improvement technologies,such as the diamond wire cutting,the speeding-up cutting line.Li Zhenguo shared,“The Longji company will also enlarge the scale in overseas market,hoping to be a leader in global monocrystalline silicon industry.

As a domestic leader, Longji is known for its low-cost production all the time.The advantage will also bring more more profits to the company in the future.

In fact,the low-cost bonus in the company is still increasing. During the shareholders meeting, Li Zhenguo stressed,“After completing the raising investment project in 2016,the cost of monocrystalline silicon will be reduced again.”It is reported that total capacity of the investment project will reach to 2GW,which is expected to create a net profit of 500 million yuan.

Li Zhenguo held that except for low-cost bonus, the Longji also relied on some technical advantages.Longji always emphasises on R&D technological innovation, which is beneficial to cost reduction.As early as 2006, Longji could judge the industry development direction accurately by researching on the current market technologies of both monocrystalline silicon polycrystalline silicon.

“At present,our company is still in full production.Although we exp the production every quarter ,the dem for monocrystalline silicon still exceeds the supply.Considering the exping market scale,we believe that next year will be a bumper year for PV  industry.”Li Zhenguo said confidently.

“At the second half of this year,the sale quantity of monocrystalline silicon is improving rapidly in Europe,Japan the US.It turns out that anti-dumping anti-subsidy don’t have negative effects on the overseas market.”Li Zhenguo also maintained the dem in overseas market would keep on exping.“Currently,all the new PV power plants use monocrystalline silicon.At the same time,the previous companies for polycrystalline silicon also alter their attention to monocrystalline silicon.So,the market share of Longji will be enlarged continually.

According to Li Zhenguo’s proposal,if monocrystalline silicon occupies the whole PV market,the Longji will benefit more from it.Meantime,the company will also enter a new developing stage.“After completing the raising investment project,we will gain high-yield silicon wafers monocrystalline components.Under the circumstance,our company will also shore up its leader position in the global market.”

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