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Risen Energy’s H1 2022 revenue up by 51.29% YoY

Module manufacturer Risen Energy has reported that its revenue in first half of 2022 has expanded 51.29% year-on-year to reach 12.615 billion yuan (US$ 1.83 billion).

Risen Energy’s H1 2022 revenue up by 51.29% YoY
Risen Energy’s H1 2022 revenue up by 51.29% YoY

The net profit attributable to shareholders of the parent company rose by 653.56% 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% increase year-on-year.

The increase in sales and rise in unit prices contributed to the significant performance growth, said Risen Energy.

The revenue of solar cells and modules was 9.854 billion yuan (US$ 1.43 billion), an increase of 94.32%, while the revenue of polysilicon was 977 million yuan (US$ 141.47 million), up by 820.3% with gross profit margin of 59.84%.

In the first half of 2022, Risen Energy has made a number of breakthroughs:

  • The efficiency of monocrystalline PERC cells, TOPCon cells and heterojunction (HJT) cells have exceeded 23.40%, 25.00% and 25.50% respectively;
  • The efficiency of its PERC module has reached over 21.57%, with first-year degradation rate not exceeding 2.00% and annual degradation of no higher than 0.55% from the second to 25th year;
  • The efficiency of its HJT 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 and high-quality products, Risen Energy has developed three series, Titan, NewT@N, and Hyper-ion.

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