LONGi Selected into "New China Nifty 50" by Goldman Sachs

PR70786

BEIJING, Oct. 31, 2017 /PRNewswire=KYODO JBN/--

Recently, the world's largest investment bank Goldman Sachs selected 50 stocks

reflecting the Chinese economy at the new stage, known as the "New China Nifty

50". LONGi Green Energy Technology Co., Ltd. (SHA: 601012) is the only

enterprise selected from the new energy industry. A "Nifty 50" stock should

meet three conditions: a net profit growth rate higher than 15%, a rate of

return on common stockholders' equity (ROE) higher than 15% for three

consecutive years, and a price to earnings ratio (P/E ratio) lower than 35. A

"New China Nifty 50" stock should have an even higher growth rate, higher

profit and lower financial leverage.

Photo - https://photos.prnasia.com/prnh/20171031/1978234-1

LONGi has been selected into "New China Nifty 50" by Goldman Sachs

LONGi, the world's largest manufacturer of monocrystalline silicon products,

has been acclaimed by the capital market and become the world's largest

photovoltaic manufacturer.

LONGi's stock price trend and potential value reflect the growing demand for

monocrystalline PV products stimulated by the growth of distributed PV, the

expansion of Top Runner Program, and the development of poverty alleviation

photovoltaic projects in the industry. Facing the fierce competition in the

photovoltaic industry, on the one hand, LONGi has been expanding the capacity

to address the robust market demand. On the other hand, LONGi has continuously

improved the technical level of monocrystalline silicon wafer, cell and module

with technology as the core competitiveness, and its monocrystalline product

technology has always been in the industry leading position. It is these

factors that have made LONGi the only enterprise in the new energy industry

which was selected into the "New China Nifty 50" list of Goldman Sachs.

SOURCE  LONGi Solar