Longi Green Energy Technology Co., Ltd. is set to launch its IPO (Initial Public Offering) on the Shanghai Stock Exchange for the third time, following its previous attempts. The IPO is anticipated to take place on May 7, 2025, at 17:13. According to Longi Green Energy’s financial report, the company reported a revenue of 106.72 billion yuan, reflecting a decrease of 33.18% year-on-year. Additionally, the net profit stood at 16.56 billion yuan, a significant drop of 168.61% compared to the previous year.
Despite these challenges, Longi Green Energy continues to attract attention in the market. The company, which has established its presence in the capital market since 2007, has grown significantly, with its stock price experiencing fluctuations. As of 2018, it was listed on the Shanghai Stock Exchange and has since seen its market value soar to heights of approximately 1.7 trillion yuan, before encountering recent declines.
In 2024, the company aims to expand its production capacity and enhance its operational efficiency. Currently, Longi Green Energy has a market capitalization of 700.5 billion yuan and is ranked as one of the largest companies in the renewable energy sector within China. The firm specializes in the production of solar cells and modules, contributing significantly to the solar energy market.
With ambitions to further penetrate international markets, Longi Green Energy’s IPO proceeds will primarily be allocated to expanding its manufacturing capabilities and increasing its market presence globally. The company’s strategic plan includes investing in research and development to enhance its product offerings and maintain a competitive edge in the rapidly evolving energy sector.
Longi Green Energy was founded in 2005 and has since evolved into a leader in the solar energy industry. The company’s focus has been on innovation and sustainability, positioning itself as a key player in addressing global energy challenges.
In conclusion, the upcoming IPO represents a critical step in the company’s growth trajectory and its efforts to solidify its status as a leading entity in the renewable energy landscape. With the backing of a strong operational framework and a commitment to sustainability, Longi Green Energy is poised for continued success in the years to come.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/hundred-flowers-technology-plans-third-ipo-in-the-a-share-market-after-successful-listing/
