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BloombergNEF Global PV Outlook rates LONGi with the highest Altman-Z score

Published in: Solar, Press Releases, Renewable News

BloombergNEF Global PV Outlook rates LONGi with the highest Altman-Z score image

The high Altman-Z score underlines LONGi's strong financial health and proven bankability

2nd March 2020 - Xi ́an (CHINA). BloombergNEF, a leading provider of global PV business dynamics and financial information, released the "1Q 2020 Global PV Market Outlook" on February 19, 2020. LONGi, the world's leading solar module manufacturer, was rated with the highest Altman Z score of all the publically quoted pureplay solar manufacturers. LONGi is also on BloombergNEF's Tier 1 module maker list and one of the three largest module manufacturers, by capacity.

Methodology here: https://data.bloomberglp.com/professional/sites/24/BNEF-PV-Module- Tier-1-List-Methodology.pdf

The Altman-Z score is a ratio indicator that reflects the financial health of a manufacturing company. LONGi was listed first amongst all pure play PV companies worldwide with a score of 3.6, indicating strong financial health.

For years, LONGi has maintained leading risk control management and the ability to quickly respond to market changes. The company operates on a philosophy of stable operation and sustainable development, and LONGi has maintained a low asset-liability ratio around 50% through the years, which is amongst the lowest in the PV industry. The strong return on assets, sustained profitability and proven bankability has been validated and recognized by the industry.

Throughout its operations, LONGi has demonstrated its sustainable development capabilities and responsibilities as a world leading global solar technology company.

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