51.12%! Trina Solar Expects Net Profit to Increase in 2023

PVTIME – On 22 February 2024, Trina Solar, the world’s leading provider of integrated PV and smart energy solutions, announced its performance forecast for the year 2023.

In 2023, Trina Solar expected to achieve total operating revenue of RMB113.510 billion (US$15.778 billion), representing an increase of 33.46% year on year, while net profit attributable to parent company of RMB5.561 billion (US$772.98 million), representing an increase of 51.12% year on year. And its basic earnings per share were estimated at RMB2.56 (US$0.36).

Trina Solar attributed the increase in performance in 2023 to the significant rise in sales volume of TOPCon modules, resulting from the expanded production capacity of n-type products. Sales of high-power 210 series solar products also saw a dramatic increase. Additionally, production costs were reduced due to the gradual expansion of in-house n-type wafer production during the reporting period.

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