On April 24th, 2023, Trina Solar Co., Ltd. (SH.600438) released their financial report for the first quarter. They achieved a revenue of CNY 33.245 billion with a YoY increase of 34.67%, while the net profit attributable to equity holders of the listed company reached CNY 8.601 billion, showing a YoY increase of 65.59%. After deducting non-recurring losses and gains, the net profit attributable to equity holders of the listed company reached CNY 8.504 billion, showing a YoY increase of 65.62%. Their basic earnings per share were CNY 1.9108.
Additionally, Trina Solar Co. Ltd. plans to issue no more than 900,391,165 A shares to no more than 35 specific investors to raise no more than CNY 16 billion, which will be used for the production of high-pureness silicon materials project in Inner Mongolia and Yunnan Province.
The Inner Mongolia project aims to produce 200,000 tons of high-pureness silicon annually, with a total investment of 10.108 billion yuan, where 9.4 billion yuan will be used as the raised funds. The project is expected to be completed within 18 months and is anticipated to gain a revenue of 13.64012 billion yuan and a net profit of 3.47054 billion yuan.
The Yunnan project is the second phase of the silicon production project. This project will also produce 200,000 tons of high-pureness silicon, with a total investment of CNY 100.79 billion, where CNY 6.6 billion will be raised. Once completed within 18 months, the project is expected to generate a revenue of 13.64012 billion yuan and a net profit of 3.23194 billion yuan.
