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World's largest maker of monocrystalline silicon wafers and solar modules, plus a growing green-hydrogen equipment business.
World's largest maker of monocrystalline silicon wafers and solar modules, plus a growing green-hydrogen equipment business.
Makes silicon wafers and solar cells and assembles them into modules, selling wafers to other module makers too, so profit depends on prices at each step of the chain, which have fallen sharply amid industry oversupply. Wafer making is where it began in 2000.
In one line: China's First Solar, but far larger and wafer-to-module integrated.
Moat: narrow (scale, IP / patents, cost advantage). Pioneered mono-wafer diamond-wire-cutting technology at massive scale, though the industry is intensely competitive and cyclical.
Headquarters: Xi'an, Shaanxi, China · Founded: 2000 · Employees: 32,775
Size LONGi Green Energy Technology (601012.SS) is a China Information Technology company (Semiconductors) with a market value of $14.1B, the 167th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥12.42 on 6 Nov 2026.
Performance Over six months the shares fell 24.5%, against -15.1% for the median peer and -16.4% for the China market (cap-weighted) — 8th lowest of 20 in its peer set.
Growth Revenue fell 15.5% over the last twelve months (peer median +37.3%); the operating margin is -12.3% (peer median 15.5%).
Valuation It trades at 1.4× enterprise value to sales against a peer median of 12.6× (cheapest of 21).
Capital Return on invested capital runs 9.6 points below its cost of capital (7.1% WACC).
Next results Next results expected around 5 May 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥63.3B | CN¥70.3B | CN¥82.5B | CN¥129B | CN¥129B |
| Revenue growth | — | -15% | -36% | 0% | — |
| Gross profit | CN¥7.18B | -CN¥194M | CN¥5.46B | CN¥23.3B | CN¥19.2B |
| EBITDA | n/a | CN¥340M | -CN¥860M | CN¥12.7B | CN¥14.0B |
| Net income | -CN¥7.73B | -CN¥6.42B | -CN¥8.59B | CN¥10.8B | CN¥14.8B |
| Free cash flow | -CN¥3.56B | -CN¥931M | -CN¥11.5B | CN¥3.69B | CN¥19.9B |
| Capital expenditure | CN¥3.16B | CN¥5.89B | CN¥8.01B | CN¥9.26B | CN¥5.01B |
| Total debt | CN¥42.4B | CN¥45.1B | CN¥47.5B | CN¥40.0B | CN¥33.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| LONGi Green Energy Technology 601012.SS | $14.1B | -25% | -16% | -12% | 1.4× | n/a |
| JinkoSolar Holding Co., Ltd. Sponsored ADR JKS | $551M | -55% | -15% | -8% | 0.8× | n/a |
| Trina Solar 688599.SS | $3.90B | -36% | -3% | -9% | 0.9× | -4.3% |
| JA Solar Technology 002459.SZ | $3.50B | -35% | -23% | n/a | 1.5× | -20.3% |
| First Solar FSLR | $21.6B | -9% | -1% | 39% | 4.0× | 12.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 601012.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | -21.4% | highest of 20 |
| 6-month return | -24.5% | -15.1% | 8th lowest of 20 |
| Distance from 52-week high | -47.3% | -48.2% | 9th highest of 21 |
| Revenue growth (TTM) | -15.5% | +37.3% | lowest of 21 |
| Operating margin | -12.3% | 15.5% | 3rd lowest of 21 |
| EV / Sales | 1.4× | 12.6× | cheapest of 21 |
| ROIC minus cost of capital | -9.6 pp | +6.2 pp | 5th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LONGi Green Energy Technology 601012.SS | China | $14.1B | -25% | -16% | -12% | 1.4× | n/a | n/a |
| JCET 600584.SS | China | $14.1B | +15% | +4% | 6% | 2.6× | n/a | n/a |
| ASPEED Technology 5274.TWO | Taiwan | $14.3B | -30% | +40% | 53% | 39.3× | 41.3% | +24.3% |
| Technoprobe TPRO.MI | Italy | $14.9B | +5% | +22% | 30% | 16.4× | 36.4% | +14.6% |
| Rockchip Electronics 603893.SS | China | $13.4B | +16% | +39% | 27% | 15.1× | 39.3% | +18.7% |
| Lattice Semiconductor LSCC | United States | $14.9B | -17% | +63% | 13% | 19.4× | n/a | n/a |
| Hwatsing Technology 688120.SS | China | $15.4B | +42% | +36% | 18% | 16.9× | 41.8% | +64.4% |
| Tower Semiconductor TSEM | United States | $15.6B | -35% | +22% | 19% | 7.8× | 25.9% | +4.4% |
| Omnivision Integrated Circuits 0501.HK | Hong Kong | $15.7B | -16% | +7% | 13% | 3.6× | n/a | n/a |
| SiTime SITM | United States | $12.5B | -30% | +83% | 0% | 28.9× | n/a | n/a |
| MACOM Technology Solutions MTSI | United States | $16.1B | -41% | +28% | 18% | 13.6× | 49.4% | +12.8% |
| Shenzhen Longsys Electronics 301308.SZ | China | $12.3B | -46% | +114% | 40% | 1.9× | n/a | n/a |
| Winbond Electronic 2344.TW | Taiwan | $16.4B | +22% | +154% | 43% | 2.6× | 0.6% | +8.1% |
| Cansemi Technology 301660.SZ | China | $11.8B | n/a | +54% | -99% | 38.4× | n/a | n/a |
| Fabrinet FN | United States | $11.7B | -47% | +43% | 10% | 2.1× | n/a | n/a |
| Yuanjie Semiconductor Technology 688498.SS | China | $11.2B | -45% | +300% | 64% | 40.7× | n/a | n/a |
| Realtek Semiconductor 2379.TW | Taiwan | $11.0B | +33% | +12% | 11% | 2.6× | 8.4% | +9.6% |
| DapuStor 301666.SZ | China | $18.8B | +20% | +611% | 23% | 11.5× | n/a | n/a |
| TongFu Microelectronics 002156.SZ | China | $10.5B | -15% | +21% | 7% | 2.5× | n/a | n/a |
| Skyworks Solutions SWKS | United States | $19.3B | +24% | -3% | 9% | 4.8× | 39.4% | -5.0% |
| National Silicon Industry 688126.SS | China | $10.2B | 0% | +33% | -41% | 16.4× | n/a | n/a |