L R AS Published on Saturday 9 September 2023 - n° 456 - Categories:company results
Risen in the 1st half: net margin of 4.7
In thefirst half of the year, China's Risen Energy posted sales of RMB 17.6 billion (USD 2.4 billion) (not compared). Earnings rose
by 40% over 2022. Net profit after deducting non-recurring gains and losses rose by 76% to RMB 838 million ($115.5 million). The net margin reached 4.7%.
Investment in research and development (R&D) up 4.5% on the same period in 2022, to USD 67.5 million (2.8% of sales)
The company recently started commercial production of the N-type heterojunction cells included in its Hyper-ion bifacial heterojunction panels, which have an efficiency of 23.9%. It aims to increase the share of N-type panels in 2023 to 30 GW.
https://www.pv-tech.org/risen-energy-posts-h1-2023-revenue-of-us2-43-billion-up-39-5-yoy/
PV Tech of 6 September 2023
