Risen Energy's Revenue Rises 51.29% to $ 1.83 Bn in H1 2022
Risen Energy has reported that its revenue in first half of 2022 has expanded 51.29 percent year-on-year to reach 12.615 billion yuan (US$ 1.83 billion).
September 08, 2022. By News Bureau
The net profit attributable to shareholders of the parent company rose 653.56 percent increase year-on-year to reach 505 million yuan (US$ 72.98 million), and net profit attributable to shareholders of the parent company after deducting non-recurring profit and losses reached 476 million yuan (US$ 68.78 million), a 340.29 percent increase year-on-year.
The increase in product sales and rise in unit sales prices contributed to Risen Energy's significant performance growth.
The revenue of solar cells and modules was 9.854 billion yuan (US$ 1.43 billion), an increase of 94.32 percent year-on-year; while the revenue of polysilicon was 977 million yuan (US$ 141.47 million), an increase of 820.3 percent year-on-year with gross profit margin of 59.84 percent.
To meet the growing demands for diversified products in the photovoltaic market, Risen Energy has explored new R&D opportunities to meet the demand for high-quality module products, and built three product series, the Titan series, the NewT@N series, and Hyper-ion series, based on its 210 Technology platform.
"Risen Energy is committed to lead the technological R&D in the industry with continuous investment and leverage our high-efficiency photovoltaic product portfolio and global sales and marketing network to support the application and popularization of clean energy globally, we thrive to help our customers reach their low-carbon and net-zero goals as the global community enters a new era of carbon neutrality," said Risen Energy.
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