China's Risen Energy Delivers Strong H1 Numbers with 51% Growth

Sep 7, 2022 10:28 AM ET
  • For all the supply side obstacles, Chinese producers like Risen Energy have kipped down very strong numbers in 2022, indicating the obvious chance for even more competitors out there.
  • The scenario could change significantly by 2024-25, by when multiple new abilities globally will come online.

Risen Energy, part of the cohort of China based producers of solar modules, has reported that its revenue in very first fifty percent of 2022 has increased 51.29 percent year-on-year to reach 12.615 billion yuan (US$ 1.83 billion). The net profit attributable to shareholders of the parent firm rose 653.56 percent rise year-on-year to get to 505 million yuan (US$ 72.98 million), and net profit attributable to shareholders of the parent company after deducting non-recurring profit and also losses got to 476 million yuan (US$ 68.78 million), a 340.29 percent rise year-on-year.

The boost in product sales as well as climb in unit sales prices added to Risen Energy's significant efficiency growth. The revenue of solar cells and also modules was 9.854 billion yuan (US$ 1.43 billion), a boost of 94.32 percent year-on-year; while the revenue of polysilicon was 977 million yuan (US$ 141.47 million), a boost of 820.3 percent year-on-year with gross profit margin of 59.84 percent.

The firm has benefited from the surge in costs across the board, especially polysilicon this year, as is obvious from the numbers.

Risen has actually also introduced the Titan series, the [email protected] collection, and Hyper-ion series, based upon its 210 Innovation platform.

The Titan module leverages the mature 210+P kind technology with power coverage of 410W to 670W. The Hyper-ion collection, on the other hand, adopts the 210+N type modern technology and uses industry-leading modern technologies consisting of 120μm, 210 half-cut silicon wafer with 4 chamfer, microcrystalline modern technology and also reduced Ag web content paste. The comoany claims that the module power can reach upto 700W+ output and also produces both financial and also environmental values for the clients.

The strong economic program from Risen tracks the performance of various other Chinese suppliers too, especially Jinko as well as Longi, which have actually likewise reported an extremely strong set of H1 results.

While Jinko Solar recorded CNY 33.4 billion ($4.8 billion) of revenue in the first fifty percent, up 112.4% year on year, Longi recorded a combined operating revenue of 50.417 billion yuan, a year-on-year boost of 43.64%.

Solar Installers, Manufacturers