31 Oct '16, 5pm

LONGi Silicon's sales dive 54.8% in Q3 - PV-Tech

LONGi Silicon's sales dive 54.8% in Q3 - PV-Tech

LONGi Silicon reported unaudited third quarter 2016 revenue of around US$290 million, compared to around US$642 million in the previous quarter, a 54.8% decline, quarter-on-quarter, the peak in downstream PV demand in China through the first nine months of the year. Leading integrated monocrystalline PV manufacturer Xi'an LONGi Silicon Materials has reported a 54.8% decline in third quarter 2016 revenue as the impact of a major demand slump in China after June’s feed-in tariff changes seriously curtailed PV power plant construction in China. LONGi Silicon reported unaudited third quarter 2016 revenue of around US$290 million, compared to around US$642 million in the previous quarter, a 54.8% decline, quarter-on-quarter, the peak in downstream PV demand in China through the first nine months of the year. The significant decline in LONGi’s third quarter revenue could be view...

Full article: http://www.pv-tech.org/news/longi-silicons-sales-dive-54....

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