PVTIME - Risen Energy Co., Ltd. (Risen Energy)(300118.SZ), a leading company primarily involved in researching, developing, manufacturing, and selling grid-connected PV power generation systems, recently has disclosed its forecast for first three quarters of its performance. It predicts a net profit for listed company shareholders between 1.2 billion and 1.38 billion yuan for January to September 2023, with an expected year-on-year growth in net profit ranging from 60.56% to 84.65%.
Risen Energy highlighted that the sales volume of solar modules increased during the reporting period compared to the same period in the previous year. The rise in profits was a direct result of improved profit margins. The expansion of solar module production capacity, self-supply of solar cells, and reasonable control of raw material costs all contributed to the increased performance. Furthermore, stable shipment of Risen Energy's cells and modules from their overseas production base had a favourable impact on operating results.