RISEN : profitability recovers and will continue to make surprise

Great Wall Securities analysis data shows that Risen witnesses a sharp increase in the first season components sale. Apart from the 6.8MW photovoltaic power station that has been transferred, the 50MW photovoltaic power station invested and established abroad by Risen has started to contribute income in electricity charge. This business performs well in gross profit thus improving the overall gross profit.

The account receivable of Risen in the end of the first season is 650 million yuan, 5,702 million more than the beginning of the year.

Solar lamp bears great expectation. Risen expands its LED lighting product line and obtains the research and production capacity of LED lighting, LED appliances and the components. Risen saw an unexpected increase in lighting business in 2012, which is hopefully going to make surprise once more in 2013.


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