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Risen Energy's first quarter report: revenue of 5.4 billion increased by 40% year-on-year, and total assets increased by 9.38% year-on-year
(PV-Tech News) On April 26, Risen Energy's 2022 first quarter report was officially disclosed. The report shows that the company achieved operating income of 5.414 billion yuan in the first quarter, a year-on-year increase of 40.46%; net profit attributable to shareholders of listed companies reached 213 million yuan, a year-on-year increase of 280.59%. As of the end of the reporting period, the company's total assets reached 32.333 billion yuan, a year-on-year increase of 9.38%.
Overall, Risen's revenue performance in the first quarter was very bright. Although there are still some unstable factors in the current international environment, under the leadership of the domestic dual-carbon goal, and with the advantages of integration and vertical business technology and production capacity, Risen Energy has still started 2022 with excellent performance. This means that in the next year, the company can have more space to complete the established production capacity planning goals, and continue to maintain its leading edge in the technical and commercial fields.
During the reporting period, the company's operating income increased by 40.46% compared with the same period of the previous year, mainly due to the substantial increase in the company's photovoltaic module production in the first quarter, laying a solid foundation for the increase in module sales. And because the current photovoltaic market has a high degree of recognition for large-size high-power modules, and the overall module price is relatively considerable, the net profit during the reporting period increased by 183.02% over the same period of the previous year. It is expected that with the continuous advancement of favorable policies such as the promotion of distributed distribution throughout the county, the construction of large bases, and energy-saving building codes, the market demand for large-scale high-power modules will further increase, and the company's module business is expected to achieve greater breakthroughs.
In order to meet the high-quality demand for module products in the future market, Risen Energy transforms its leading 210 platform technology and mature P-type and cutting-edge N-type battery technologies into achievements, and creates a high-efficiency and differentiated product ecosystem for different application scenarios. The company's new ultra-low carbon heterojunction product - "Hyper-ion", adopts 210 heterojunction half-sheet + 120 micron + double-sided microcrystalline technology, the cell efficiency exceeds 25.2%, and the module efficiency reaches 22.53 %, the module power exceeds 700W, and the carbon footprint of product production is significantly optimized. It can create higher green income in large-scale ground power stations, households, industrial and commercial scenarios, and is the first choice for high-efficiency and low-carbon products in the current market.
By the end of 2021, the company's annual PV module production capacity will be 19.1GW. In addition, "Zhejiang Ninghai 5GW N-type ultra-low-carbon high-efficiency heterojunction cell and 10GW high-efficiency solar module project", "Zhejiang Yiwu annual output 5GW high-efficiency solar cell module project", "Jiangsu Jintan 4GW high-efficiency solar cell and 6GW high-efficiency solar module project" Projects such as “Module Project” and “Malaysia 3GW High-efficiency Solar Cell and Module Manufacturing Base” are under construction.
The continuous and steady expansion of capacity and production will continuously inject fresh blood into Risen Energy's module business and drive the company's performance to a new high. In the face of global competition, Risen Energy pays attention to the integrated operation of R&D, production, sales and service, and is fully prepared to "go into battle", join hands with global partners, Bolang carbon neutrality opportunities in the era, and is committed to creating a new "zero carbon" "The blue ocean of value.
(Editor in charge: Xi Xia)
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