Autowell 2020 profit to increase by 111.57% year-on-year: Disclosing its annual report, solar equipment manufacturer Autowell Technology said that in the year 2020, it has realized a revenue of RMB 1.14 billion ($0.18 billion), which is a year-on-year increase of 51.67%. The company’s net profit stood at RMB 155 million ($23.82 million), registering a year-on-year increase of 111.57%. For the whole year of 2020, Autowell had signed sales orders of RMB 2.6 billion ($0.40 billion) (including tax), a year-on-year increase of 67.63%, and at the end of the year, the company’s orders in hand were to the tune of RMB 2.4 billion ($0.37 billion) (including tax), a year-on-year increase of 113.06%. In January 2021, Autowell had predicted its 2020 net profit to increase by 82.2% to 106.8% (see China PV News Snippets: Jianhu, Fuyao Glass, Autowell, Hengdian)
Trina says logistic companies recognize its 600W+ PV module packaging method: Last week Chinese solar module manufacturer Trina Solar had released its 670W Vertex module (see Trina Solar Launches 670W Vertex Solar Module Series). With optimal packaging of larger module being a point of discussion, Trina uses a vertical packaging method which it claims was recognized for its safety and cost reduction techniques by logistic companies like China Post Logistics, Maersk International, COSCO Shipping, Yixing Shipping, Evergreen Shippinga. According to Trina, compared with the traditional method, the loading efficiency increases by 12%, and about 12% of the logistics cost is saved.
Lu’an PERC exports increase by 129% month-on-month in Feb: The overseas sales of Shanxi Lu’an Solar Energy Technology had reached RMB 46.72 million ($7.18 million), as per Photovoltaic Network News. In February, the company’s export value of high-efficiency PERC monocrystalline solar cells had touched RMB 31.8 million ($4.9 million), registering an increase of RMB 18.28 million (2.81 million) from the previous month, which is an increase of 129% month-on-month.