A Risen Energy disclosed its 2022 financial results. The photovoltaic equipment manufacturer registered 56% growth in its revenues, with US$ 4.24 billion, and 258% increase in its net profit (excluding profits and losses), having accounted for US$ 148.22 million last year.
According to the numbers presented, the annual production capacity of photovoltaic modules from the company reached 25 GW in 2022, mainly from the manufacturing plants of Ningbo and Yiwu in Zhejiang Province, Jintan in Jiangsu Province, Chuzhou in Anhui Province, Baotou in Kohan Province and Anhui Province, Baotou in Inner Mongolia, and Malaysia.
In 2022, the Risen Energy has updated its products with the latest technologies on the market. The company also improved the power of its PERC module 210 mm monocrystalline to reach a maximum of 670 Wp, the power of the TOPCon module to 690Wp max and the power of the module HJT (heterojunction) for 740Wp max.
The company launched new equipment, especially products BIPV made especially for roofs of commercial and civil buildings. In terms of R&D, Risen Energy has tackled HJT cell technology of conversion efficiency up to 25.5%
At present, Risen Energy is advancing several key projects, including the 5 GW N-Type ultra-low carbon 5 GW project and the 10 GW high-efficiency solar module project in Ninghai, Zhejiang; 4GW high-efficiency solar cell and 6GW high-efficiency solar module project in Jintan, Jiangsu; and a 10 GW/year high-efficiency solar cell project in Chuzhou, Anhui.
“Risen Energy will continue to reinforce our investment in R&D of our energy storage business, further optimize the comprehensive product structure, and build an integrated industry to enhance our service capabilities and economies of scale,” the company said.