Risen Energy reports increase in revenue and profits, expands module capacity to 3.1 GW
Post date: 29/02/2016 - 17:53
Chinese solar module maker Risen Energy Co. Ltd. has registered a sharp increase in turnover and profits in 2015. The company recorded revenue of 5.26 billion CNY ($799.1 million) in 2015, up 78% compared to the previous year. Net profit for last year was 320 million CNY, up 382% from 2014. Risen Energy shipped 1,246 MW of PV modules and developed PV projects with a combined capacity of 547 MW last year.
The company also said it intends to increase its annual module production capacity from 2.6 GW currently to 3.1 GW by the end of 2016.
Looking forward, Risen Energy said it expects to achieve a net profit between 160 million CNY and 170 million CNY in the first quarter of 2016.