PVTIME – On July 8, TBEA (688303.SH), forecasted its finance results for the first half year of 2022.
The company expects to achieve a net profit of 9.500 billion yuan to 10.000 billion yuan in the first half of 2022, a year-on-year increase of 149%-162%, according to preliminary calculations by the company’s financial department. The net profit attributable to shareholders of listed companies is expected to be 6.800 billion yuan to 7.200 billion yuan, a year-on-year increase of 119%-132%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses is calculated to be 7.000 billion yuan to 7.300 billion yuan, a year-on-year increase of 259%-274%.
The company stated that the main reasons for the expected increase in the performance in H1 2022 are the expanding of the market by the company due to the growth demands of customer in renewable energy, power and electricity industries in order to fulfill the Dual-Carbon Goals in China. The sales volume of polysilicon and coal products have increased significantly compared with the previous year. And the profit gained from wind power and solar power plants has been estimated to gain a year-on-year increase.