On April 22, 2023, Risen Energy Co., Ltd. (300118.SZ) released its 2022 annual report, revealing that it had achieved an operating income of CNY 29.385 billion, a YoY increase of 56.05%, and a net profit attributable to the shareholders of the listed company of CNY 945 million.
Furthermore, as of the end of 2022, Risen Energy's annual photovoltaic module production capacity had reached 25 GW thanks to its production bases in Ningbo, Jintan, Yiwu, Chuzhou, Baotou, and Malaysia. Its 5 GW n-type ultra-low-carbon high-efficiency heterojunction cells and 10 GW high-efficiency solar module project in Ninghai, 4 GW high-efficiency solar cells and 6 GW high-efficiency solar module project in Jintan, and 10 GW high-efficiency solar cells in Chuzhou were under construction.
The high sales volume of polycrystalline silicon materials was one of the main reasons for the profit growth in the 2022 fiscal year. The full operation of Risen Energy's polycrystalline silicon production base in 2022 met customer needs. However, due to polycrystalline silicon shortages and the high demand for raw materials caused by the rapid expansion of other parts of the downstream photovoltaic industry chain last year, the price of polycrystalline silicon materials remained relatively high, leading to higher profits for the reporting period.
In addition, technology R&D played a core role in the company's growth in 2022, with 583 independently developed and patented technologies approved as of the end of 2022, including 196 new approved patents for that year.
