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There's No Escaping LONGi Green Energy Technology Co., Ltd.'s (SHSE:601012) Muted Revenues Despite A 27% Share Price Rise
LONGi Panels Withstand Super Typhoon Yagi in Hai Phong: A Testament to Durability and Quality
Longi Green Energy Technology (601012.SH): It is planned to use the remaining amount of funds raised for the Xixian Leyi 29GW high-efficiency monocrystalline battery project as permanent additional working capital in the amount of 0.497 billion yuan.
On September 27, Gelonghui (601012.SH) announced that, as the Xixianleye's annual production of 29GW high-efficiency monocrystalline batteries project has been fully solidified and reached the designated operational state, in order to maximize the efficiency of using raised funds, further enhance the company's core competitiveness, support the company's main business development, after deducting subsequent expenses such as unpaid project construction final payments, the company plans to use the remaining raised funds for the Xixianleye's annual production of 29GW high-efficiency monocrystalline batteries project as permanent supplementary working capital, with a total amount of 496.5471 million yuan (as of August 31, 2024, including cumulative net interest income).
Longi Green Energy Technology (601012.SH): Longi has currently built a 1.5GW production line based on HPBC second-generation technology.
Longi Green Energy Technology (601012.SH) stated on the investor interaction platform on September 23 that the collaboration between Longi and Goldensolar is based on Goldensolar's long-term research on HIT and HBC technologies, with a good technical foundation. At the same time, Goldensolar and June Energy Electrical Utilities jointly provide Longi with mutually beneficial cooperation conditions. Furthermore, the company is willing to support enterprises in the industry to transfer experimental technologies to mass production. Longi will use part of its production line equipment to assist these enterprises in completing mass production exploration and validating their technological capabilities. Longi's collaboration with Goldensolar in the HBC project is related to Longi's own efforts.
Is LONGi Green Energy Technology (SHSE:601012) Using Debt In A Risky Way?
Goldensolar (01121) plans to join forces with Jineng and Longi Green Energy Technology (601012.SH) to establish a joint venture company for the production of HBC solar cells.
Goldensolar (01121) announced that on September 19, 2024, its indirect wholly-owned subsidiary, Goldensolar...
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