Trina Solar achieves RMB 11.07 billion operating revenue: Chinese solar module manufacturer Trina Solar's third quarter results showed that the company has achieved an operating revenue of approximately RMB 11.07 billion ($1.73 billion), which is a year-on-year increase of 50.09%. The net profit attributable to shareholders of the listed company was RMB 451 million ($70.48 million), an increase of 33.06% year-on-year. This performance can be attributed to the PV market demand, which continued to be strong during the reporting period; and the company's PV modules, distributed power plants and other business segments managed to achieve sales growth, which led to significant revenue growth.
Chint reports 23.25% rise in operating income: Smart energy solutions provider Chint Solar said that during the third quarter of 2021, its operating income was RMB 28.6 billion ($4.47 billion), a year-on-year increase of 23.25%. The net profit was RMB 2.7 billion ($0.42 billion), a year-on-year decrease of 8.84%. The increase in operating income was mainly due to the rapid growth of household energy management business. Chint Solar will be participating in the upcoming TaiyangNews Solar Module Innovation Conference to be held from 15-16 November, 2021, and will be speaking on the topic – Advancements in solar modules design for rooftop systems. Please register now for the Conference by clicking on this link.
Flat Glass acquires equity in Fengsha Mining: China based glass products manufacturer Flat Glass announced its intention to acquire 100% equity of Dahua Mining and 100% equity of Sanli Mining held by Fengsha Mining Group. The total consideration will not exceed RMB 3.65 billion ($0.57 billion) and once the acquisition is completed, both companies will become wholly owned subsidiaries of Flat Glass. This acquisition is expected to enhance Flat Glass' quartz reserves and safeguard the quality and supply of quartz sand, which is the major raw material for manufacturing its core product photovoltaic glass. Earlier this year, Flat Glass had announced its production expansion plans (see Flat Glass Group To Expand Production Capacity)
Linyang Energy reports 2021 third quarter results: Releasing its third quarter results, electricity meter company Linyang Energy said that it has achieved an operating revenue of about RMB 1.4 billion ($0.22 billion), down 3.54% year-on-year. Its net profit attributable to shareholders was about RMB 301 million ($47.04 million), down by 21.89% on a year-on-year basis. The decline in performance, the company said, is due to the high base of overseas revenue of the intelligent segment in the same period last year, as well as the recurrence of the epidemic in some overseas regions this year, which had impacted the business to a certain extent.