![Risen Energy’s H1/2023 operating income increased by around 40% YoY. (Photo Credit: TaiyangNews)](http://media.assettype.com/taiyangnews%2Fimport%2Fwp-content%2Fuploads%2F2023%2F08%2FRisen-Energy-H1-2023.png?w=480&auto=format%2Ccompress&fit=max)
Solar cell and modules producer, that's now also getting serious about energy storage, Risen Energy had a strong 1st half in 2023 with its total operating income improving almost 40% annually to RMB 17.6 billion ($2.4 billion), and net profit up 71% to RMB 861 million ($118 million).
Its main business of solar cells and modules locked in revenues of RMB 13.8 billion ($1.9 billion) with an jump of 40.2% YoY, accounting for 78.46% of the operating revenue. The energy storage business segment, that also includes auxiliary PV products, brought in RMB 1.6 billion ($219 million). The latter was an improvement of over 133% compared to the same period last year and represented 9.10% of the total operating revenue for H1/2023.
Its EPC and transfer income from solar power plants went up 231% to RMB 1.07 billion ($146 million), accounting for 6.1% of the total operating income during the reporting period.
At the end of June 2023, Risen's annual production capacity of solar PV modules reached 25 GW spread mainly across various Chinese provinces and also in Malaysia, according to its H1/2023 financial report. Other under construction projects include:
Risen Energy is one among 6 solar PV manufacturers to have recently announced an agreement over using a standardized silicon wafer size of 191.X mm (see Silicon Wafer Size Standardization Update).