Risen Energy Records a 653.56% YoY Increase in Net Profit in H1 2022

PVTIME – On August 30, Risen Energy released its finance report for the first half of 2022.

According to the announcement, Risen achieved operating income of 12.615 billion yuan, a year-on-year increase of 51.29%. Its net profit attributable to the parent has reached 504 million yuan, up 653.56% year on year. And its net profit after deducting non-return to parent company was 475 million yuan, a year-on-year increase of 340.29%.

The company disclosed that its sales volume of photovoltaic modules was 5672.54MW in the reporting period, with a gross profit margin of 6.25%. Meanwhile, the sales volume of polysilicon was 4987.2MT with a gross profit margin of 59.84%.

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