The article analyzes in detail four leading photovoltaic module companies, including LONGi Green Energy, Jinko Solar, Trina Solar, and JA Solar, with the highest total assets and revenue, LONGi Green Energy with the highest net profit and net profit margin, LONGi Green Energy with the highest market capitalization, JinkoSolar with the highest revenue growth rate and net profit growth rate, LONGi Green Energy with the highest R&D rate, Trina Solar with the highest marketing rate, and LONGi Green Energy with the highest salary rate. See the table below for details:
LONGi Green Energy explains
Founded in 2000, the company is headquartered in Xi'an, Shaanxi, with bases in Yunnan, Ningxia, Jiangsu, Shaanxi, Zhejiang, Anhui, Qinghai, Shanxi, Inner Mongolia, Malaysia, Vietnam and other places. At the end of 2022, the total assets were 139.6 billion yuan and the number of employees was 60,601.
The controlling shareholders of the company are Li Zhenguo and Li Xiyan, with a total of about 19% of the shares. The chairman of the board of directors of the company is Mr. Zhong Baoshen, graduated from Lanzhou University with a bachelor's degree, and is 56 years old. The general manager of the company is Mr. Li Zhenguo, who graduated from Lanzhou University with a master's degree and is 55 years old.
The company is mainly engaged in the R&D, production and sales of monocrystalline silicon rods, silicon wafers, cells and modules. Among them, the solar module and cell business accounted for about 66% of the revenue, the silicon wafer and silicon ingot business accounted for about 30% of the revenue, of which the domestic business accounted for 5623%, and overseas business accounted for 4377%。
In 2022, it ranked first in the world in terms of photovoltaic silicon wafer shipments, and in 2022, it ranked first in the world in terms of photovoltaic module shipments, and was shortlisted in China's top 500 for 7 consecutive years, ranking 177th in 2023.
The company's revenue in 2022 will be 129 billion yuan, and the net profit will be 148100 million yuan, net profit margin of 1144%, with revenue of 94.1 billion yuan in the first three quarters of 2023, a year-on-year increase of 855%, net profit 116900 million yuan, a year-on-year increase of 654% and a net profit margin of 1238%。The current market value is about 160 billion yuan, and the price-earnings ratio is 10 times.
The company's R&D expenses in the first three quarters were 161.3 billion yuan, accounting for 171%, marketing expenses 130.6 billion yuan, revenue accounted for 139%, salary expense 83100 million yuan, accounting for 883%。
Founded in 2006, the company is headquartered in Jiangxi and Shanghai, with bases in Shangrao, Hefei, Yiwu, the United States and other places, and is listed on A-share and U.S. stocks. At the end of 2022, the total assets were 105.6 billion yuan and the number of employees was 46,494.
The controlling shareholders of the company are Li Xiande and others, with a total of about 59% of the shares. The chairman of the board of directors of the company is Mr. Li Xiande, who graduated from Zhejiang University with a master's degree and is now 48 years old. The general manager of the company is Mr. Chen Kangping, who graduated from Shanghai University of Finance and Economics with a master's degree and is 50 years old.
The company is mainly engaged in the research and development, production and sales of solar modules, cells and silicon wafers, as well as the application and industrialization of photovoltaic technology. Among them, solar module revenue accounted for about 96%, cell and other business revenue accounted for about 4%, of which domestic business accounted for about 38%, and overseas business accounted for about 62%.
In 2022, it will be among the top three in the world in terms of PV module shipments, and will be listed in China's top 500 for many consecutive years, ranking 229th in 2023.
The company's revenue in 2022 is 826800 million yuan, net profit of 293.6 billion yuan. In the first three quarters of 2023, the revenue was 85.1 billion yuan, a year-on-year increase of 6125%, net profit 635.4 billion yuan, a year-on-year increase of 27914%, net profit margin 747%。The current market value is about 90 billion yuan, and the price-earnings ratio is 10 times.
The company's R&D expenses in the first three quarters were 117.5 billion yuan, accounting for 138%, marketing expenses 175.9 billion yuan, accounting for 207%, salary expense 589.3 billion yuan, accounting for 692%。
Founded in 1997, the company is headquartered in Changzhou, Jiangsu, with bases in Changzhou, Yancheng, Yiwu and other places, and is listed on the A-share market. Total assets at the end of 2022 were 899800 million yuan, with 23,077 employees.
The actual controller, chairman and general manager of the company are Mr. Gao Jifan, graduated from Nanjing University and Jilin University with a master's degree, and is 58 years old.
The company's main business includes three major sectors: photovoltaic products, photovoltaic systems and smart energy. Among them, the revenue of photovoltaic modules accounted for about 69%, the revenue of photovoltaic systems accounted for about 26%, and the revenue of power station business accounted for about 5%. Among them, domestic business accounted for 52%, and overseas business accounted for 48%.
In 2022, it will be among the top four in the world in terms of PV module shipments, shortlisted among the top 500 companies in China, and ranked 285th in 2023.
The company's revenue in 2022 is 850500 million yuan, net profit 36800 million yuan. Revenue in the first three quarters of 2023 is 811200 million yuan, a year-on-year increase of 3938%, net profit 507.7 billion yuan, a year-on-year increase of 11134%, net profit margin 68%。The current market value is about 60 billion yuan, and the price-earnings ratio is 8 times.
The company's R&D expenses in the first three quarters were 11800 million yuan, accounting for 145%, marketing expenses 24600 million yuan, accounting for 303%, salary expense 339.6 billion yuan, accounting for 419%。
Founded in 2000, the company is headquartered in Hebei and Beijing, with bases in Shijiazhuang, Ordos, Baotou and other places, and is listed on the A-share market. The total assets at the end of 2022 were 724700 million yuan, with 32,591 employees.
The actual controller, chairman and general manager of the company are Mr. Jin Baofang, with a university degree and is 71 years old.
The company is mainly engaged in the R&D, production and sales of solar silicon wafers, cells and modules, the development, construction and operation of photovoltaic power plants, and the R&D, operation and sales of photovoltaic materials and equipment. Among them, solar module revenue accounted for about 96%, cell and other business revenue accounted for about 4%, of which domestic business accounted for 41%, and overseas business accounted for 59%.
In 2022, it will be among the top four in the world in terms of PV module shipments, shortlisted among the top 500 companies in China, and ranked 320th in 2023.
The company's revenue in 2022 is 729900 million yuan, net profit of 553.3 billion yuan. Revenue in the first three quarters of 2023 is 599800 million yuan, a year-on-year increase of 2161%, net profit 675.6 billion yuan, a year-on-year increase of 10562% and net profit margin of 1162%。The current market value is about 70 billion yuan, and the price-earnings ratio is 7 times.
The company's R&D expenses in the first three quarters were 831.5 billion yuan, accounting for 139%, marketing expenses 931.9 billion yuan, accounting for 155%, salary expense 393.5 billion yuan, accounting for 656%。