Risen records revenue and net profit growth in 2022

Manufacturer recorded a 56% increase in its revenue and a 258% increase in its net profit last year
Risen Energy reports revenue and net profit growth in 2022
Photo: Reproduction/Risen Energy

A Risen Energy disclosed its 2022 financial results. The photovoltaic equipment manufacturer ed 56% growth in revenue, with US$4,24 billion, and 258% increase in your net profit (excluding profits and losses), having recorded US$ 148,22 million last year. 

According to the numbers presented, the annual production capacity of photovoltaic modules plans reached 25 GW in 2022, mainly from the manufacturing plants of Ningbo and Yiwu in Zhejiang Province, Jintan in Jiangsu Province, Chuzhou in Anhui Province, Baotou in Kohan Province, and Anhui Province, Baotou in Inner Mongolia, and Malaysia.

In 2022 the Risen Energy has updated its products with the latest technologies on the market. The company also improved the power of its PERC module 210 mm monocrystalline to reach a maximum of 670 Wp, the power of the TOPCon module to 690Wp max and the power of the module Hjt (heterojunction) for 740Wp max.

The company launched new equipment, especially products BIPV made especially for roofs of commercial and civil buildings. In of R&D, Risen Energy has tackled HJT cell technology of up to 25,5% conversion efficiency

At present, Risen Energy is advancing several key projects, including the 5 GW N-Type ultra-low carbon project and the 5 GW high-efficiency solar module project in Ninghai, Zhejiang; 10GW high-efficiency solar cell and 4GW high-efficiency solar module project in Jintan, Jiangsu; and a 6 GW/year high-efficiency solar cell project in Chuzhou, Anhui.

“Risen Energy will continue to reinforce our investment in R&D of our energy storage business, further optimize the comprehensive product structure, and build an industry integration to enhance our service capabilities and economies of scale,” the company said. 

Photo by Henrique Hein
Henrique Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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