PVTIME - On January 31, 2024, Risen Energy Co., Ltd. (Risen Energy, 300118.SZ), a prominent company primarily engaged in researching, developing, manufacturing, and selling grid-connected PV power generation systems has released its estimated financial results for 2023.
According to the announcement, the net profit attributable to shareholders of listed companies in 2023 is expected to be between 1.32 billion and 1.7 billion yuan, representing a year-on-year increase of 39.73% -79.95%. After deducting non-recurring gains and losses, the net profit is projected to be between 1.44 billion and 1.85 billion yuan, an increase of 40.39% to 80.37% year-on-year.
Risen Energy stated that the global photovoltaic industry maintained a rapid development trend during the reporting period, contributing to its performance growth. The production capacity of solar cells and modules at its overseas bases was gradually increased, which led to an increase in module sales and had a positive impact on its performance. In addition, the newly added manufacturing bases became operational and delivered high-efficiency HJT cells and modules, resulting in further favourable profit growth for Risen Energy. Meanwhile, the company's energy storage and residential solar businesses grew.
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