116%-130%! TBEA Provides Preliminary Estimates of Net Profit for 2022

PVTIME – TBEA released its Preliminary Estimates of Net Profit for 2022 recently.

As Xinjiang Joinworld Co.,Ltd. (SH.600888) was involved in the consolidated financial statement for 2022, the annual net profit attributable to shareholders of TBEA was estimated to be in the range of RMB 15.7~16.7 billion yuan, reaching a year-on-year growth of 116%~130%.

The main reasons for the increase in the performance during the reporting period were the significantly increase of the revenue and profit of polysilicon and coal products in the year of 2022, compared with those in 2021.Meanwhile, the company strengthened the operation and management, increased the production capacity, accelerated the new construction, to well developed and gained profit in the year of 2022.