Risen Energy’s Performance Tripled Last Year, Strategic Layout of 210 Large Silicon Wafers and Heterojunction
Risen Energy, which is listed on the Shenzhen Stock Exchange’s Growth Enterprise Market, has achieved its best annual performance in the past decade.
On the evening of April 17, Orient Sunrise released its 2019 annual report.
The report shows that Risen Energy achieved revenue of 14.404 billion yuan in 2019, an increase of 47.7% year-on-year; net profit attributable to shareholders of listed companies was 974 million yuan, an increase of 319.01% year-on-year.
Among them, the operating income of solar cells and modules was 11.49 billion yuan, accounting for 79.76% of the total operating income, a year-on-year increase of 61.81%, and a gross profit margin of 19.64%. The operating income of photovoltaic solar cell packaging film (EVA, etc.) reached 1.18 billion yuan, accounting for 8.25% of the total operating income, an increase of 31.42% year-on-year.
Overseas sales drive a sharp increase in performance.
As a photovoltaic company focusing on overseas markets, Risen Energy ranks among the top-tier photovoltaic companies.
The sharp increase in the performance of Oriental Sunrise in 2019 is also mainly due to the strong driving force of overseas sales.
The data shows that Risen Energy has shipped more than 7GW of solar modules in 2019, entering the top five in the world. In terms of 2019 solar module export data, Risen Energy’s solar module export volume in 2019 reached 5.52GW.
From the perspective of revenue, in 2019, Risen Energy Solar Module Business achieved revenue of approximately 11.5 billion yuan, a year-on-year increase of approximately 66%. Among them, overseas sales were about 8.9 billion yuan, nearly doubled year-on-year, accounting for about 60% of total revenue; domestic sales were about 5.5 billion yuan, up 6% year-on-year, and accounted for about 40% of total revenue.
In the domestic market, Risen Energy Solar Module’s production capacity is mainly distributed in production bases in Ningbo, Zhejiang, Jintan, Jiangsu, Yiwu, and Luoyang, Henan.
It is reported that Risen Energy “Jiangsu Jintan 5GW efficient single polycrystalline solar photovoltaic cell and solar module manufacturing base” phase 2 2GW high efficiency solar cell and solar module project has been put into production in June 2019.
In addition, the first-phase 2GW high-efficiency solar module project of “Yiwu 5GW efficient single-poly solar module manufacturing base” has been put into production in October 2019, except for the production line of 30,000 tons of PPE modified and products (photovoltaic modules) in Ruicheng, Shanxi The project is still in the early stage of demonstration at home and abroad, and the second phase of the 3GW high-efficiency solar module project of the “annual production 2.5GW heterojunction high-efficiency solar cell and solar module production base” and “Yiwu 5GW high-efficiency single-poly solar module manufacturing base” is in order. in.
First quarter results are affected by the epidemic
In the first quarter of 2020, photovoltaic companies have issued performance forecasts, and more than half of the companies have been affected by the epidemic, resulting in a decline in net profit. Eastern Sunrise is also affected by this.
Risen Energy released the first quarter 2020 performance forecast, showing that the company’s pre-earnings in the first quarter of this year were 160 million to 185 million yuan, a year-on-year decrease of 39.02% to 47.26%.
Risen Energy said that the logistics problems caused by the epidemic management have become the main factors affecting the current export business.
Relevant agencies predict that the impact of the overseas epidemic will increase in the second quarter, and there are still large uncertainties in the export of solar modules.
However, regarding the overall industry situation, the company is still optimistic. Risen Energy said that this year is the last year for new domestic photovoltaics to receive subsidies, and it is expected that there will be a wave of rush to install.
In the technical aspect, Risen Energy continues to exert efforts in the heterojunction solar modules and large silicon solar modules.
Among them, the company’s world’s first 9BB half-chip heterojunction solar cell module has received widespread attention in the industry; the company’s world’s first 210mm50-slice ultra-large silicon wafer solar module has increased the power of PERC solar cell modules to up to 500W for the first time.
For the company’s planning, Risen Energy’s strategic development goals have increased the allocation of resources in the energy storage business sector and stocked high-quality projects.
Risen Energy said that the company will advance the photovoltaic manufacturing, power plant construction, new materials, energy storage, and LED lighting “five horse carriages” under the established development framework of “new energy and new materials”.
Posted by Julie Huang of Blue Solaria
Blue Solaria is a leading solar panel manufacturer in China. Dedicated to the design, engineering, manufacturing and sales of small solar panels since 2005.
Origin from https://smallsolarpanel834520378.wordpress.com/
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