NINGBO, China, May 8, 2024 /PRNewswire/ -- Risen Energy Co.,
Ltd. ("the Company"), a globally leading manufacturer of
high-performance solar photovoltaic products, has announced
its outstanding financial results for 2023, demonstrating
significant growth and technological advancements in the solar
industry.
According to its latest annual report, in 2023, Risen Energy
clocked up approximately 35.33 billion
RMB (US$4.87 billion) in
revenue, up 20.22% year-on-year. The Company's net profit
after deduction of non-recurring profits or losses rose to
1.58 billion RMB (US$218 million) in 2023, marking a 55.77%
year-over-year increase. Risen Energy's net assets attributable to
equity holders expanded by 62.47% to reach 15.2 billion RMB (US$2.09
billion) in 2023.
Risen Energy has achieved various significant milestones over
the last year. Here are a few highlights:
- Technological achievements:
- Risen Energy has made significant strides in n-type
technology and large-size high-efficiency module technologies. The
Company set a new record efficiency rate of 23.9% for its
heterojunction (HJT) Hyper-ion Modules in 2023, with a projected
production capacity of 21GW by 2024. Risen Energy's innovations
include the development of 0BB cell technology, 210 ultra-thin
silicon wafer technology, pure silver consumption<7mg/W and
Hyper-Link technology. The Company was the first in the industry to
put such technological breakthroughs into mass production.
- In 2023, Risen Energy obtained multiple international
certifications, including the first TÜV SÜD global certificate for
210 HJT high-efficiency ultra-thin modules.
- Also in 2023, Risen Energy developed and owned 740 patent
technologies, with 172 new patents authorized during the year.
- The Company published several whitepapers as it continued to
lead the industry. In August 2023,
Risen Energy released its highly-anticipated research paper
"Development and Application of Low-silver Metallization Paste,"
and in December, the Company published "Development and Industrial
Application of Ultra-thin Silicon Wafers" — setting strong
benchmarks for the industry.
- Product Applications:
- For residential and C&I rooftops, Risen Energy's Super
Energy Series products have shown superior performance and
installation convenience. Such products strengthened the Company's
position in technological innovation and industrial
application.
- Energy Storage:
- Risen Energy also stood out in the field of energy storage.
Leveraging its dual-energy storage industrialization platform and
its professional research and development team, the Company has
achieved full-stack self-development and closed-loop management of
"3S" (BMS/PCS/EMS) technologies. Risen Energy's independently
developed liquid-cooled battery energy storage system was the first
in China to be certified by both
Chinese and American UL9540A standards.
- Environmental, Social, and Governance (ESG):
- In Risen Energy's latest ESG report, the Company noted that it
has obtained the SA8000 certification. Risen Energy has increased
its clean energy usage to 31,320,210 kWh, up 9.4% year-on-year. It
has also purchased 6,424,000 kWh of green electricity, and set a
new low in the French carbon footprint certification at 376.5 kg eq
CO2/kWc — thanks to the Company's HJT module product.
|
As of December 31,
2023
(in RMB)
|
As of December 31,
2022
|
As of December 31,
2021
|
Total assets
|
54,245,929,430.61
|
38,358,001,211.15
|
29,636,736,310.32
|
Net assets
attributable
to equity holders
|
15,208,422,344.15
|
9,360,934,883.33
|
8,478,633,433.49
|
|
2023 (in
RMB)
|
2022
|
2021
|
Revenues
|
35,326,804,378.95
|
29,384,723,133.68
|
18,830,724,181.12
|
Net profit attributable
to
equity holders
|
1,363,281,088.79
|
934,976,466.28
|
43,317,260.05
|
Net profit attributable
to
equity holders after
deduction of non-
recurring profit or loss
|
1,582,641,345.52
|
1,015,980,459.29
|
648,132,577.21
|
About Risen Energy
Risen Energy, established in 1986 and publicly listed in 2010,
is a global Tier 1, "AAA" credit-rated solar photovoltaic product
manufacturer and power generation solutions provider. Renowned for
techno-commercial innovation, top-quality products, and strong
support, the Company's Solar PV solutions are powerful and
cost-effective.
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