Trina Solar Forecasts Net Profit of 1.2 - 1.328 Billion Yuan for 2020, a Year-on-Year Increase of 87.55%-107.29%

PVTIME - Last night, Trina Solar Co., Ltd. (hereinafter referred to as “Trina Solar” or the “Company”) released earnings guidance for 2020.

The company predicts that the net profit attributable to the parent company will be 1.201 to 1.328 billion yuan for 2020. Compared with the same period last year, this will be an increase of 560.8 to 687.2 million yuan, a year-on-year increase of 87.55% to 107.29%.

The company estimates that the net profit attributable to the parent company after deducting non-recurring gains and losses will be 1.1 to 1.2 billion yuan for 2020. Compared with the same period last year, this will be an increase of 484.89 to 600.18 million yuan, a year-on-year increase of 79.32% to 98.20%.

Trina Solar said that 2020 was a relatively prosperous year for the photovoltaic industry overall and the comprehensive advantages of the leading enterprises were further accentuated as the market share continued to consolidate. With its leading innovation capabilities, product advantages, global layout, and advanced capacity scale advantages, the company's photovoltaic product business has developed rapidly and achieved a substantial increase in operating income over the same period last year.

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