GoodWe Forecasts 123.65 – 168.38% Net Profit Increase for 2020

PVTIME – On January 28, solar inverter manufacturer GoodWe issued its financial guidance for 2020.

According to the announcement, GoodWe estimates net profit attributable to the parent for 2020 to be between 229.95 – 275.94 million yuan, which is a 127.13 to 173.12 million yuan or a 123.65% to 168.38% year-on-year.

GoodWe attributed the boost in performance to the company’s continued efforts to increase R&D investment, pursue technological innovation, actively expand both the domestic and international markets, and the healthy development of the photovoltaic industry.