Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health

PR71016

BEIJING, Nov. 14, 2017 /PRNewswire=KYODO JBN/ --

Bloomberg New Energy Finance is a leading provider of global PV business

dynamics and financial information. Its PV Module Maker Tiering System is an

important basis for global PV industry insiders to make decisions. Two of the

most important evaluation criteria are "bankability" and "financial health".

According to the latest 2017Q2 rating report, LONGi Solar, which only entered

the module market two years ago, is put on the list of "global top 10 PV module

brands used in most debt-financed projects"; and its financial health ranks

No.2 in the world and No.1 in China among all PV module makers.

- LONGi Solar Ranks among Global Top 10 PV Module Brands by Bankability

"Bankability" refers to whether projects using the solar products are likely to

be offered non-recourse debt financing by banks.

Based on completed projects tracked down by its database, including 5,300 PV

projects in the past two years, Bloomberg New Energy Finance made a debt

financing brand tiering of global "tier 1" module makers, and LONGi Solar

entered TOP10 (by projects after June 2015) with flying colors.

- Financial Health - No.2 in the World, No.1 in China

Photo - https://photos.prnasia.com/prnh/20171113/1984207-1

Caption - Bloomberg BNEF ranks LONGI Solar as World No.2 by Financial Health

Altman-Z score is a ratio indicator that reflects the manufacturer's financial

health, which effectively reflects the likelihood of a company's bankruptcy

within two years. Score Z> 2.6 indicates that the enterprise is in a safe area,

1.1<Z<2.6 indicates a gray area and Z<1.1 indicates a dangerous area.

The results of the Bloomberg report show that in 2017Q2 only three module

companies are in the "safe area", and LONGi Solar is the only Chinese module

manufacturer, demonstrating excellent financial health.

SOURCE: LONGi Solar