Recently, Longji Green Energy Technology Co., Ltd., the leading single crystal silicon enterprise, announced the announcement of the construction of several single crystal silicon projects in Yunnan, China and Gujin, Malaysia.

In the announcement, Longji shares said that the company plans to invest in the construction projects of Baoshan annual output of 6GW single crystal silicon rod (investment of 1.749 billion yuan), Lijiang annual output of 6GW single crystal silicon rod (investment of 1.937 billion yuan) and Chuxiong annual output of 10GW single crystal silicon wafer (investment of 1.486 billion yuan). And in Gujin City, Sarawak Prefecture, Malaysia, investment in the construction of a single crystal battery project with an annual output of 1 GW is expected to invest 840 million yuan (of which the announcement of overseas investment projects does not indicate the amount of money invested, and the secretarial office replies are all RMB).

The total investment amount of the four projects is 6.612 billion yuan, and the production capacity of single crystal silicon is 23 GW.

It is understood that monocrystalline silicon solar cells are the fastest developed solar cells in the world. Its composition and production process have been finalized, and products have been widely used in space and ground facilities. This kind of solar cell is made of high purity single crystal silicon rod with a purity requirement of 99.999%.

The production of monocrystalline silicon solar cells requires a large amount of high-purity silicon materials. The manufacturing process of these materials is complex and the power consumption is very high, which has exceeded half of the total cost of solar cells.

In recent years, the revival of photovoltaic industry has brought considerable benefits to Longji Stock. In its performance forecast for 2018, Longji Stock is expected to achieve a net profit of 2.66 billion yuan to 2.761 billion yuan belonging to shareholders of Listed Companies in 2018.

Although net profit fell by 20% year-on-year, the stock price of Longji shares rose sharply. From the lowest price of 11.87 yuan per share in August 2018 to the current highest price of 30.27 yuan per share, Longji shares have risen by more than 250%, out of a wave of doubling the market.

In the main terminal products, Longji shares raised the domestic price from 3.05 yuan per wafer to 3.15 yuan per wafer, and the overseas price from 0.380 dollars per wafer to 0.395 dollars per wafer, an increase of 3.28%.

Researchers in the photovoltaic industry at Bank of China International believe that the price increase is a reflection of tight supply and demand under the strong demand for single crystal silicon wafers, which is expected to enhance the profitability of the company's silicon wafer business and enhance the overall performance.