Chint releases 2022 and 2023 first quarter results; China Datang begins process to centralize PV modules procurement; Zonergy exhibits at Sydney Smart Energy Exhibition.
Chint registers 59% rise in profit in Q3 2023: Declaring its financial results, Chint, the parent company of PV module manufacturer Astronergy, said that:
- In 2022, the company has achieved a revenue of RMB 45.9 billion ($6.64 billion), a year-on-year rise of 18%, and a recurring net profit of RMB 3.3 billion ($0.48 billion), a year-on-year decrease of 2%.
- In the first quarter of 2023, the company achieved a revenue of RMB 15.7 billion ($2.27 billion), a year-on-year increase of 47%, and recurring net profit of RMB 1.09 billion ($0.16 billion), a year-on-year increase of 59%.
In the recently concluded TaiyangNews Virtual Conference on Distributed Solar & Storage, Astronergy’s Xuanyi Shi pointed towards the advantage of the company’s TOPCon products in distributed PV applications especially Astro N (see Xuanyi Shi, Astronergy: Advantages of Astronergy’s TOPCon Products in Distributed PV Application).
China Datang to centralize 2023 PV modules procurement: Independent power generation company China Datang has announced plans to centralize the procurement of photovoltaic modules for the year 2023, according to local media reports. The first lot will consist of p-type monocrystalline PERC photovoltaic modules, with an estimated capacity of 4 GW, while the second lot will consist of n-type photovoltaic modules, with again an estimated capacity 4 GW. The validity period of the centralized procurement will be from the date of signing till 31 December, 2023. The company has launched the bidding process, and anyone who would like to bid can log on to China Datang Group and participate till 15 May 2023. Last year, Datang had shortlisted Huawei, Sungrow, Sineng Electric for the centralized procurement of photovoltaic power generation string inverter (see China PV News Snippets).
