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LONGi’s H1 FY21 Results Out: US$5. 438 B Revenue Reported
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hinese module manufacturer LONGi has released its financial results for the first half of 2021, reporting revenue of 35.098 billion yuan (around US$5.438 billion), an increase of 74.26% compared to the same period of last year. The company earned a net profit of 4.993 billion yuan (around US$773.688 million), up 21.30% over the prior-year period. 2021 has been a bit of a mixed year for Chinese manufacturers, depending on how much of the supply chain they control. For a relatively large and integrated firm like LONGi, this has meant bumper profits on the back of higher prices. The company’s debt to assets ratio in H1 FY21 was 55.18%, a decrease of 4.20 percentage points compared to the end of 2020. LONGi has obtained 1,196 patents to date. Investment in R&D increased to 1.614 billion yuan, accounting for 4.60% of the revenue during the reporting period. LONGi shipped 38.36GW of monocrystalline silicon wafers during the period, including 18.76GW in exports, a year-on-year increase of 36.48%. Shipments of monocrystalline modules stood at 17.01GW, with exports reaching 16.60GW, an increase of 152.40%. The proportion of revenue from modules increased to 67%, as compared to 57% in the prior corresponding period. In early June 2021, the company announced that the R&D conversion efficiency of its N-type TOPCon and HJT cells had reached 25.21% and 25.26%, respectively, while that of the newly announced P-type TOPCon cells reached 25.19%, a new record. Among them, the efficiency records of N-type TOPCon and HJT cells were included in the Solar Cell Efficiency Tables (Version 58)
compiled by Martin Green, Scientia Professor at the University of New South Wales in Sydney, Australia. In March 2021, LONGi entered the hydrogen energy sector and established laboratories in cooperation with several leading universities. This year, the firm also entered into a strategic partnership with CENTER to jointly develop the BIPV business in large-scale public and industrial buildings, expanding the application scenarios of PV products and promoting the applications of BIPV at scale. Additionally, LONGi, together with several industry players, has proposed the standardization of M10 silicon wafers and modules and issued the 182 Module Products white paper.
Belgian Companies Unveil ‘World’s 1st H2-powered Excavator’
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elgian companies CMB.TECH (a hydrogen solutions firm) and Luyckx (a crane equipment manufacturer) have recently presented the “first hydrogen-powered dual fuel excavator,” which is meant to provide gradual ecological development within the heavy construction and earthmoving sector. With this machine, companies within the sector can embark on energy transition with today’s machines without being permanently dependent on the availability of hydrogen, said an official statement. CMB.TECH and Luyckx state that this is the first solution within the entire heavy excavator sector that allows concrete greening without limiting the machine’s power or autonomy. Traditional fuel remains available and the machine can continue to operate if the supply of
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hydrogen is not available. In other words, the machine can be purchased and put into service today, even if the hydrogen issue for the customer or site has not yet been fully worked out, said CMB.TECH. With these first generation dual fuel machines, CO₂ emissions can be reduced by up to 50%, the firm added. Besides the excavator, CMB.TECH has also unveiled its new mobile hydrogen refueller. It is said to deliver up to 600 kg of green hydrogen at 350 bar to the consumer. This works for excavators, but also for other applications such as trucks, port equipment, ships and gensets. The mobile refuelling station is the answer to hydrogen supply in maritime and industrial applications, claims the Belgian company. “Driven by the wishes of our end users and fleet owners, we launched an own initiative
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feasibility study with regard to possible alternative solutions that help to reduce CO₂ emissions, make the machine park more sustainable and do business in a socially responsible way. Given this vision, the collaboration with CMB.TECH was started in order to convert a 37 ton excavator (Hitachi ZX350LC-7) to a dual fuel engine (hydrogen/diesel), thus taking a first concrete step towards greening the sector,” said Jos Luyckx, CEO of Luyckx. “The additional cost of the machines in the sector is rather limited, with the kgs of hydrogen used leading directly to CO₂ reduction. As of today, we offer the applications to enable up to 8 tonnes of CO₂ reduction per site per day, anywhere in the Benelux, without operational restrictions at the lowest possible cost,” said Roy Campe, CTO of CMB.TECH.
