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Longi Green Energy Provides Additional Guarantee of 669 Million Yuan for Subsidiary

Longi

隆基绿能为子公司新增担保6.69亿元

隆基绿能(601012) recently announced that it has provided additional guarantees totaling 66,946.07 million yuan for its wholly-owned subsidiary. As of February 28, 2025, the company, along with its subsidiaries, has issued guarantees amounting to 22.988 billion yuan, which represents 32.61% of the company’s latest audited net assets attributable to shareholders. This new guarantee does not include any counter-guarantees and has no overdue guarantees.

According to Tianyancha data, 隆基绿能 was established on February 14, 2000, with a registered capital of 757,804.4598 million yuan. The legal representative is Li Zhengguo, and the registered address is 388 Aerospace Middle Road, Chang’an District, Xi’an. The company’s main business involves the research, production, and sales of monocrystalline silicon rods, wafers, cells, and modules, providing products and system solutions for photovoltaic centralized ground power stations and distributed rooftop developments.

Currently, the chairman of the company is Zhong Baoshan, the secretary of the board is Li Xiaodong, and the general manager is Li Zhengguo. The company employs 75,066 people, with Li Zhengguo and Li Xiyan being the actual controllers, holding 14.08% and 5.02% of 隆基绿能’s shares, respectively.

隆基绿能 has 198 affiliated companies, including Xianyang Longi Leye Photovoltaic Technology Co., Ltd., Tengchong Longi Silicon Material Co., Ltd., Longi Photovoltaic Technology (Hong Kong) Co., Ltd., Inner Mongolia Longhe New Energy Co., Ltd., and Yinchuan Longi Silicon Technology Co., Ltd..

In terms of performance, the company’s operating revenues from 2021 to 2023 were 80.932 billion yuan, 128.998 billion yuan, and 129.498 billion yuan, reflecting year-on-year growth rates of 48.27%, 60.03%, and 0.39%, respectively. The net profits attributable to shareholders were 9.086 billion yuan, 14.812 billion yuan, and 10.751 billion yuan, with year-on-year changes of 6.24%, 63.02%, and -27.41%. During the same period, the company’s debt-to-asset ratios were 51.31%, 55.39%, and 56.87%.

Regarding risks, Tianyancha indicates that the company has 818 internal risk alerts, 341 surrounding risk alerts, 1 historical risk alert, and 381 warning risk alerts.