AikoSolar will be taking part in the TaiayngNews Conference scheduled on Tuesday; Shuangliang Eco-Energy Q1/2023 profitable; Risen Energy and Guangzhou YUEXIU Financial Leasing strike RMB 7 billion deal; Drinda forecasts profit in Q1/2023.
AikoSolar at TaiyangNews Conference on 25 April 2023: TaiyangNews is pleased to inform that Dr Shawn Li, Head of Product Management & Solution Sales from AikoSolar will be taking part in the TaiyangNews Virtual Conference on Distributed Solar and Storage. He will be speaking on the topic: How World Record Module Efficiencies Change Profitability for Rooftop Solar. The Conference will take place on 25 April 2023 from 9.30 to 13.30 CEST and will see leading stakeholders – including module, inverter, battery storage and full solution suppliers – provide updates on the latest product developments for increasing energy independence of residential and commercial buildings. Some of the other companies that will participate include Jinko Solar, LONGi, Astronergy, Risen, Haier, Solarnative. For Agenda and Free Registration, click here.
Shuangliang Eco-Energy expects 288.8%-330.2% rise in Q1/2023 net profit: Chinese production equipment maker Shuangliang Eco-Energy announced that as per preliminary, the company expects the net profit to be around RMB 470 million to 520 million ($68.2 to $75.4 million), a year-on-year increase of 288.86% to 330.23% in the first quarter of 2023. The main reasons for rise in profit, the company said, is because of the growth of the company's energy-saving and water-saving equipment sales; and due to the capacity growth of 40 GW large-size monocrystalline silicon.
Risen join hands with Guangzhou YUEXIU Financial Leasing: Chinese solar panel maker Risen Energy and Guangzhou YUEXIU Financial Leasing have signed a RMB 7 billion ($1.02 billion) household photovoltaic business deal. As a mark of its entry into household photovoltaics, Risen has launched Rising Sunshine, a brand focused on providing household customers with smart energy solutions. This is fast gaining grounds. Meanwhile, Guangzhou YUEXIU Financial Leasing has been a strong player in the field of clean energy for many years, and has enabled the distributed photovoltaic business to reach rural households. Now, with both the companies coming together, one can expect strong synergies and wide expansion of the photovoltaic business. Meanwhile, Risen Energy had spoken at a TaiyangNews Conference about HJT being the mainstream cell technology by 2024 (see Dr Po-Chuan Yang, HJT Risen Energy: HJT-Towards the Industrialization)
Drinda forecasts profit in Q1/2023: Releasing its performance forecast for the first quarter of 2023, automotive instrument panel assembly producer Drinda said that it expects to achieve a net profit of RMB 330 to 380 million ($47.9-55.17 million), a year-on-year increase of 1425%-1656%. The company attributed this growth to high demand for n-type products. And as Chuzhou base released n-type TOPCon, the company was able to achieve substantial increase in sales revenue and profit.