Recently, the world’s largest investment bank, Goldman Sachs, selected 50 stocks reflecting the Chinese economy at its new stage, known as the “New China Nifty 50”. LONGi Green Energy Technology is the only enterprise selected from the new energy industry. A “New China Nifty 50” stock should meet three conditions: a net profit growth rate higher than 15 percent, a rate of Return On Equity higher than 15 percent for three consecutive years, and a Price Earnings ratio lower than 35. It should also have a high growth rate, high profit and lower financial leverage.
As the world’s largest manufacturer of monocrystalline silicon products, LONGi has been acclaimed by the capital market and become the world’s largest photovoltaic manufacturer.
LONGi’s stock price trend and potential value reflect the growing demand for monocrystalline PV products stimulated by the outburst of distributed PV, the expansion of the Top Runner Program, and the development of poverty alleviation photovoltaic projects. Facing the fierce competition in the photovoltaic industry, LONGi has been expanding the capacity to address the robust market demand as well as continuously improved the technical level of monocrystalline silicon wafers, cells and modules with technology as core competitiveness. LONGi’s monocrystalline product technology has always been in the leading position of the PV industry. It is these factors that have made LONGi the only enterprise in the new energy industry selected into the “New China Nifty 50” list of Goldman Sachs.
News source: LONGi Solar