Module manufacturing main Risen Vitality has posted sturdy income and revenue figures for the primary half of the 12 months, pushed by a big enhance in product gross sales and unit gross sales costs.
Risen reported that its income in first half of 2022 elevated to RMB12.615 billion (US$1.83 billion), up 51% year-on-year.
Its web revenue attributable to shareholders rose to RMB505 million (US$73 million), which was up 653% on the identical interval final 12 months. In the meantime, web revenue attributable to shareholders after deducting non-recurring revenue and losses reached RMB476 million (US$68.8 million), a 340% enhance year-on-year.
Risen mentioned its sturdy monetary efficiency was right down to a rise in product gross sales and rise in unit gross sales costs.
Income from its photo voltaic cells and modules reached RMB9.854 billion (US$ 1.43 billion), a rise of 94% year-on-year, whereas income accrued from polysilicon gross sales was RMB977 million (US$141.47 million), up a staggering 820% year-on-year, with a gross revenue margin of 59.8%.
PV Tech has beforehand performed evaluation of the highest six module producers and the way they fared in H1 however Risen had not launched its outcomes on the time of that evaluation. Right this moment’s launch revealed that the corporate was in step with the opposite 5 module makers which have seen their earnings soar over the primary half of 2022.
Risen mentioned the conversion effectivity of its monocrystalline PERC cells, TOPCon cells and heterojunction cells have exceeded 23.40%, 25.00% and 25.50%, respectively.
In the meantime, with the intention to meet “the rising calls for for diversified merchandise within the photovoltaic market”, Risen has explored new analysis and improvement (R&D) alternatives to satisfy the demand for high-efficiency modules.
It has constructed three product collection: the Titan collection, the NewT@N collection, and Hyper-ion collection – just lately licensed by German testing firm TÜV SÜD – based mostly on its 210 Expertise platform”, Risen mentioned.
“Risen Vitality is dedicated to steer the technological R&D within the trade with steady funding and leverage our high-efficiency photovoltaic product portfolio and world gross sales and advertising community to assist the appliance and popularisation of unpolluted vitality globally,” Risen mentioned in a media assertion.