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LONGi Green Energy Technology Co Ltd Class A 601012

Morningstar Rating
CNY 16.72 0.00 (0.00%)
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Company Report

China Solar Sector: Little Impact From Higher Tariff Under Section 301 on China-Made Solar Cells

We see little impact on LONGi, Tongwei, and Zhonghuan from the US action to double the tariff rate on China-made solar cells (including those assembled into modules) to 50% from 25% in 2024 under Section 301. Currently, China-made solar cells and modules are already subject to US antidumping and countervailing duties, the Section 201 tariff, and the Section 301 tariff, which could add up to over 100% tariff rate. As a result, China’s direct export of solar cells and modules to the US is minimal, accounting for less than 0.1% of its total solar cells and modules export in 2023.

Price vs Fair Value

601012 is trading at a 766% premium.
Price
CNY 16.72
Fair Value
CNY 53.70
Uncertainty
High
1-Star Price
CNY 34.85
5-Star Price
CNY 57.67
Economic Moat
Xlbks
Capital Allocation
Whxgbsm

Bulls Say, Bears Say

Bulls

LONGi will benefit as smaller players exit the industry during the current downturn.

Bears

It will take longer than expected for the industry to recover from overcapacity.

Is it the right time to buy, sell, or hold?
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News

Trading Information

Previous Close Price
CNY 16.72
Day Range
CNY 16.4516.88
52-Week Range
CNY 16.2531.31
Bid/Ask
CNY 16.71 / CNY 16.72
Market Cap
CNY 126.70 Bil
Volume/Avg
66.0 Mil / 97.9 Mil

Key Statistics

Price/Earnings (Normalized)
19.26
Price/Sales
1.07
Dividend Yield (Trailing)
2.39%
Dividend Yield (Forward)
2.39%
Total Yield
2.39%

Company Profile

LONGi Green Energy Technology is one of the largest integrated solar company in the world. It produced 127.5 gigawatts of solar silicon wafers and 72.8 GW of solar modules in 2023. Solar silicon wafer and solar module contributed 19% and 77% of revenue in 2023, respectively. LONGi’s production bases are mostly in China. LONGi’s products are sold in more than 150 countries and regions.
Sector
Technology
Industry
Semiconductor Equipment & Materials
Stock Style Box
Large Core
Total Number of Employees
75,066

Competitors

Valuation

Metric
601012
002129
600438
Price/Earnings (Normalized)
19.2676.3613.65
Price/Book Value
1.860.991.55
Price/Sales
1.070.770.79
Price/Cash Flow
19.328.963.67
Price/Earnings
601012
002129
600438

Financial Strength

Metric
601012
002129
600438
Quick Ratio
1.000.981.34
Current Ratio
1.421.541.73
Interest Coverage
7.351.3334.25
Quick Ratio
601012
002129
600438

Profitability

Metric
601012
002129
600438
Return on Assets (Normalized)
2.86%−0.55%2.61%
Return on Equity (Normalized)
6.62%−1.64%6.81%
Return on Invested Capital (Normalized)
4.39%−0.17%3.07%
Return on Assets
601012
002129
600438
See how this stock stacks up to its competitors with Morningstar Investor

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