Trina Solar has recently revealed its performance forecast for the first half of 2023. The company is expecting a surge in net income, with profits potentially doubling compared to the same period last year.
According to the forecast released by Trina Solar on July 25th, the company projects a net profit attributable to shareholders of approximately CNY 3.328 billion to 3.752 billion (~$462 million to $523 million). This represents an increase of 162.14% to 195.61% compared to the previous year.
The expected surge in performance can be attributed to multiple factors. Trina Solar credits the growth in module shipments and sales volume, along with an overall reduction in product costs.
During the reporting period, the company delivered 27 GW to 28 GW of modules, thereby ranking second in the Top 20 Module Suppliers Ranking for H1 2023 published by Solarbe. By the end of Q1 2023, Trina Solar had globally shipped a total of 140 GW of solar modules.
Notably, the sales proportion of their high-power 210 mm series products saw a substantial improvement year-on-year. The cumulative shipment volume of their 210 mm modules has topped 65 GW, capturing over 50% of global market share.
Industry analysts have also pointed out that the decline in the price of polysilicon has greatly benefited PV cell and module manufacturers. This trend has allowed companies like Trina Solar to increase their profitability and achieve remarkable growth in net income.
