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Risen Energy’s Revenue in First Half of 2022 Amounts to US$ 1.83 billion

Urja Daily by Urja Daily
September 7, 2022
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Risen Energy
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NINGBO, China : Risen Energy, a world-leading manufacturer of photovoltaic modules, 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). 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.

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Risen Energy is committed to driving global energy innovation with integrated and sustainable products, solutions, and services, delivering optimal performance to customers, and showing competitive advantages in the market:

  • The conversion efficiency of Risen Energy’s monocrystalline PERC cells, TOPCon cells and heterojunction cells have exceeded 23.40%, 25.00% and 25.50% respectively;
  • The conversion efficiency of its PERC module has reached over 21.57%, with first-year degradation rate not exceeding 2.00% and annual degradation being no higher than 0.55% from the second to 25th year;
  • The conversion efficiency of its heterojunction modules exceeds 23.65%, with degradation rate not exceeding 2.00% in the first year and annual degradation below 0.25% from the second to 30th year.

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.

The Titan module leverages the mature 210+P type technology with power coverage of 410W to 670W, featuring a diversified and flexible design that can customize application solutions for projects including distributed, industrial/commercial transformation and large-scale above-ground power plants.

The Hyper-ion series, on the other hand, adopts the 210+N type technology and utilizes industry-leading technologies including 120μm, 210 half-cut silicon wafer with four chamfer, microcrystalline technology and low Ag content paste. The module power reaches 700W+ and creates both economic and environmental values for the customers.

“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.

Tags: photovoltaic modulesRisen Energy
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