- Risen Energy shipped 5.67 GW solar modules in H1/2022 with a gross profit margin of 6.25%
- Its operating income during the period improved 51.29% annually to RMB 12.6 billion as it returned to profit with 653.56% YoY increase
- The company currently has 22.1 GW solar module production capacity and is constructing another 13 GW
Chinese solar PV manufacturer Risen Energy’s operating income in H1/2022 improved 51.29% annually to RMB 12.6 billion and it returned to profit with RMB 504.6 million, up from -RMB 91.1 million reflecting an improvement of 653.56%.
Its solar module shipments added up to 5.67 GW during the reporting period with a gross profit margin of 6.25%. This segment contributed RMB 9.65 billion to the total revenues. Polysilicon sales volume was reported as 4,987,200 kg. Gross margin for the polysilicon division was 59.84%.
Risen’s annual module production capacity was 22.1 GW with another 13 GW capacity under construction.
As for polysilicon, its total annual production capacity stands at 12,000 tons. The company says its silicon material production capacity in Bayannaoer, Inner Mongolia, plays an important role in its supply chain risk management and control strategy.
The company has set up production bases in Zhejiang Ningbo, Jiangsu Jintan, Zhejiang Yiwu, Anhui Chuzhou and other places. These are located in the Yangtze River Delta region that boasts well-developed sea, land and air ports, helping reduce transportation costs. Most of the company’s raw material procurement can be realized in this area, which greatly reduces the procurement and sales process, it added.
In January 2022, the manufacturer entered framework agreements to invest RMB 44.65 billion to produce 200,000 MT silicon metal, 150,000 MT high purity polysilicon, 10 GW n-type high efficiency wafer and 3 GW module assembly project. Plans also include 3.5 GW solar and 1.6 GW wind energy generation with energy storage to supply electricity for its manufacturing operations (see Risen Energy’s RMB 44.6 Billion Investment Plan).