Risen Energy increased net profit significantly in H1
Post date: 30/08/2019 - 11:41
The Chinese module manufacturer and engineering service provider Risen Energy Co. Ltd recorded total operating revenue of CNY 6.056 billion ($847 million) in the last six month, an increase of 27.59 percent compared to H1 2018. Net profit reached CNY 485 million ($67.8 million), an increase of 295.52 percent.
On August 19, Risen Energy held a groundbreaking ceremony for its 2.5 GW high-efficiency heterojunction cell and module project in Ninghai, a county within the city of Ningbo, Zhejiang province. Total investment for the project reached CNY 3.3 billion ($467 million). At present, the annual output capacity of photovoltaic modules for Risen Energy is 9.1 GW. In the next few years, with the expansion of battery component projects in Ninghai and Jintan, the company's total production capacity is expected to reach 12 GW to 15 GW.