"Photovoltaic Mao" was renamed as "Longji Green Energy" or a new strategic layout of the company.

Source: Securities Daily

On May 1 1, Longji shares of "Photovoltaic Mao" announced that it would use the new securities abbreviation "Longji Green Energy" from May 16.

The official statement given by Longji Co., Ltd. on the reason for the company's change of securities abbreviation is that the company is committed to promoting the transformation of low-carbon energy and has long been focused on providing efficient single-crystal solar power generation solutions to customers around the world. At present, it is mainly engaged in the research, development, production and sales of monocrystalline silicon rods, silicon wafers, batteries and components, providing products and system solutions for the development of photovoltaic centralized ground power stations and distributed roofs, and actively arranging and cultivating photovoltaic hydrogen production business since 20021. The name change is to better reflect the company's strategic layout and main business positioning, and further strengthen the brand image and company value.

Increase the layout of green energy

As a global leader in photovoltaic industry, Longji has produced more than 205GW of photovoltaic products since its listing on 20 12, which is equivalent to the installed capacity of nine Three Gorges power stations. The green electricity generated is equivalent to saving 82 million tons of standard coal, reducing carbon dioxide emissions by 200 million tons, and planting11/billion trees.

Under the goal of "double carbon", the company's clean energy business, including photovoltaic, has accelerated its development. Previously, the domestic silicon wafer market has been dominated by Longji and Zhonghuan. Now, a large number of enterprises have entered, the production capacity has been expanding, and the phenomenon of product homogenization has become more and more serious.

At Longji's 20021annual performance briefing, Chairman Zhong Baoshen said that after product homogenization, profitability depends on the relationship between market supply and demand. If supply exceeds demand, profitability will be poor. If the company lays out in advance, has new technologies and produces differentiated products, it can obtain sustained profitability no matter how the market changes. Zhong Baoshen also said that in the future, battery component products will also adhere to this development idea.

Longji Co., Ltd. has built five business segments: monocrystalline silicon wafer, battery module, industrial and commercial photovoltaic solution, ground photovoltaic solution and hydrogen energy equipment, and formed "green power+green hydrogen" products and solutions to support global zero-carbon development.

"Longji shares are expanding into new fields while continuing to develop its main products, but it is still dominated by new energy fields. The change of securities abbreviation reflects the company's future planning and determination in the field of new energy. " Buckling and expression.

Leading technology has achieved industry status.

"If you don't lead, you won't expand production" is the development philosophy of Longji Co., Ltd. The company has always insisted on leading the technological change of the industry with scientific and technological innovation, thus promoting the development of the industry. At present, Longji Co., Ltd. takes the lead in introducing and cultivating a complete domestic industrial chain diamond wire cutting technology in the whole industry, which can save more than 30 billion yuan every year; It is the first to apply single crystal PERC technology on a large scale at the product end, and the single crystal PERC module produced has ranked first in the world for many years.

In 20021,Longji invested 4.394 billion yuan in R&D, a year-on-year increase of 69.55%, a record high. The company has obtained a total of 1387 patents, and has formed a strong technical accumulation in single crystal growth technology and quality control technology, single crystal wafer cutting ability, high efficiency of single crystal batteries, iterative technology and sufficient new product reserves.

In the field of batteries, Longji has broken the world record of photovoltaic cell conversion efficiency nine times in a year since April 20021. Among them, the conversion efficiencies of N-type Topcon, P-type Topcon and N-type HJT batteries were pushed up to 25.2 1%, 25. 19% and 26.30% respectively, which continued to lead the technical development trend of the industry.

Li said Longji will also increase its investment in the direction of "photovoltaic+hydrogen energy", so that the development of enterprises will be at the same frequency as the national "double carbon" goal.

"Hydrogen energy has the characteristics of high energy density, high calorific value, abundant reserves, wide sources and high conversion efficiency. It is a clean secondary energy source, can be used as an efficient energy storage carrier, and is an effective solution for large-scale storage and transportation of renewable energy across seasons. " Qu Fang said, but at present, the raw materials for hydrogen production are still mainly fossil fuels, and there are problems such as high cost of hydrogen production and carbon emission pollution. The premise of sustainable development of hydrogen energy industry is clean and pollution-free, and the raw materials for hydrogen production should be changed from fossil fuels to renewable energy such as wind energy, solar energy and hydropower.

"Green hydrogen energy must be introduced into the field of deep decarbonization." Li Zhenguo said that Longji has increased its R&D investment in major photovoltaic industrial chains under the trend of energy transformation, so that people can use cleaner energy with lower cost.

On June 6th, 20021,10, Longji Co., Ltd. rolled off the production line of the first 1000Nm3/h alkaline water electrolyzer, which has entered the leading echelon of the industry technology. By the end of 20021,Longji hydrogen energy, a subsidiary company, had the production capacity of 500MW hydrogen production equipment by electrolysis of water.

Li Zhenguo revealed that the company's hydrogen energy production capacity will reach 1.5GW by the end of 2022 and 5GW by the end of 2025, which can provide reliable delivery guarantee for large-scale green hydrogen energy projects around the world.

In May 2022, Longji Hydrogen Energy was successfully selected as the first 10,000-ton green hydrogen demonstration project of China Petrochemical Company. In this regard, Qu Fang commented that "Longji shares have advantages in the field of solar energy and have a first-Mover advantage in hydrogen energy manufacturing. The improvement of the upstream and downstream industrial chains is also conducive to the company's long-term technological advantages in the industry. "