Ningbo, China (ots/PRNewswire) – Risen Energy Co., Ltd. (“the Company”), a global leader in high-performance photovoltaic products, announced its outstanding 2023 financial results, demonstrating significant growth and technological advances in the solar industry.
According to its latest annual report, Risen Energy achieved revenue of around CNY 35.33 billion (US$ 4.87 billion) in 2023, up 20.22% year-on-year. The company’s net profit after deducting non-recurring gains or losses increased to CNY 1.58 billion (US$ 218 million) in 2023, up 55.77% year-on-year. Risen Energy’s net assets attributable to shareholders increased by 62.47% and will reach CNY 15.2 billion (US$ 2.09 billion) in 2023.
Risen Energy has achieved several key milestones over the past year. These include the following highlights:
- Technological achievements:
– Risen Energy has made significant advances in n-type technology and large-scale high-efficiency module technologies. The company set a new record efficiency of 23.9% for its Heterojunction (HJT) Hyperion modules in 2023, with a planned production capacity of 21 GW by 2024. Risen Energy’s innovations include the development of 0BB cell technology, the technology for extremely thin 210 silicon wafers, pure silver consumption of less than 7 mg/W and hyper-link technology. The company was the first in the industry to bring such technological breakthroughs into mass production. – In 2023, Risen Energy received several international certifications, including the first
global TÜV SÜD certificate for extremely thin 210-HJT high-performance modules. – Also in 2023, Risen Energy developed and owned 740 patent technologies, with over the course of
172 new patents were approved this year. – The company published several white papers, continuing to lead the industry. In August 2023, Risen Energy published 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.” With that it set
strong benchmarks for the industry. - Product applications:
– Risen Energy’s Super Energy Series products have proven to be particularly powerful and easy to install on residential and commercial roofs. These products strengthened the company’s position in the field of technological innovation and industrial
Application. - Energy storage:
– Risen Energy has also excelled in the field of energy storage. By leveraging its dual energy storage industrialization platform and leveraging its professional research and development team, the company has achieved complete self-development and closed-loop management of “3S” technologies (BMS/PCS/EMS). The liquid-cooled one independently developed by Risen Energy Battery storage system was the first in China to be certified according to both Chinese and American standard UL9540A
became. - Environmental, Social and Governance (ESG):
– Risen Energy’s latest ESG report notes that the company has achieved SA8000 certification. Risen Energy increased its clean energy consumption to 31,320,210 kWh, an increase of 9.4% year-on-year. In addition, the company purchased 6,424,000 kWh of green electricity and reached a new low in the certification of the French CO2 footprint with 376.5 kg eq CO2/kWc – thanks to the
HJT module product of the company.
As of December 31, 2023 As of December 31, 2022 As of December 31, 2021
(in CNY)
Total assets 54,245,929,430.61 38,358,001,211.15 29,636,736,310.32
To the shareholders 15,208,422,344.15 9,360,934,883.33 8,478,633,433.49
attributable
Net worth
2023 (in CNY) 2022 2021
Sales 35,326,804,378.95 29,384,723,133.68 18,830,724,181.12
To the shareholders 1,363,281,088.79 934,976,466.28 43,317,260.05
more attributable
net profit
To the shareholders 1,582,641,345.52 1,015,980,459.29 648,132,577.21
more attributable
net profit
after deducting the not
recurring
profit or loss
Information about Risen Energy
Risen Energy was founded in 1986 and has been listed on the stock exchange since 2010. The company is a global manufacturer of photovoltaic products and provider of Tier 1 (AAA) rated power generation solutions. Known for their technical and commercial innovation, high-quality products and strong support, the company’s solar PV solutions are characterized by their performance and cost-effectiveness.
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Questions & Contact:
Tina,
fengtt@risenenergy.com