Yinchuan Longi Silicon Materials Co., Ltd. announced that it will receive CNY 1,300,000,000 in an equity round of funding on November 14, 2017. The transaction will include participation from returning investor, LONGi Green Energy Technology Co Ltd (SHSE:601012) to maintain its 100% stake in the company. Post the closing of the transaction, the registered capital of the company will increase from CNY 350,000,000 to CNY 1,000,000,000. The transaction has been approved at the investor’s 17th session of the 3rd directorate of 2016. The company reported total assets of CNY 3,782,430,300, net assets of CNY 2,801,697,800, revenue of CNY 3,241,522,400, and net profit of CNY 598,171,600 for the year ended December 31, 2016.