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2023 Results: Risen Energy’s Revenue Grows 20.22% to $4.87B

Risen Energy Co., Ltd., a leading global manufacturer of high-performance solar photovoltaic products, has announced its exceptional financial results for 2023. The company recorded revenue of approximately 35.33 billion yuan (US$4.87 billion), marking a significant increase of 20.22% year-on-year. Net profit also saw a substantial rise to 1.58 billion yuan ($218 million), up by 55.77% from the previous year. Risen Energy’s net assets attributable to shareholders increased by 62.47% to 15.2 billion yuan (US$2.09 billion).

In terms of technological achievements, Risen Energy has made advancements in n-type and high-efficiency large module technologies. The company set a new record efficiency rate of 23.9% for its Hyper-ion Heterojunction (HJT) modules in 2023, with a planned production capacity of 21 GW by 2024. Risen Energy also obtained multiple international certifications, including the world’s first TÜV SÜD certificate for 210 HJT high-efficiency ultra-thin modules. In addition, the company has developed and owned 740 patented technologies, with 172 new patents authorized in 2023.

Risen Energy has released several white papers, showcasing its leadership in the industry, such as the highly anticipated research paper on “Development and Application of Low-silver Metallization Paste” and “Development and Industrial Application of Ultra-thin Silicon Wafers.” These publications provide valuable insights for the industry.

With a focus on product applications, Risen Energy’s Super Energy Series products have demonstrated superior performance and ease of installation, particularly for residential and commercial roofing. The company’s energy storage solutions have also been highly regarded, with a liquid-cooled battery energy storage system meeting Chinese and American UL9540A standards.

In terms of environmental, social, and governance (ESG) factors, Risen Energy has obtained SA8000 certification and increased its clean energy consumption. The company purchased green electricity and set a new carbon footprint certification threshold, highlighting its commitment to sustainability.

Risen Energy’s financials for 2023 also show significant growth in total assets and net profits, indicating a strong performance and strategic development throughout the year.

Established in 1986 and publicly traded in 2010, Risen Energy is a global manufacturer of Tier 1, “AAA” rated solar photovoltaic products and provider of power generation solutions. With a reputation for technical-commercial innovation, high-quality products, and strong customer support, Risen Energy continues to lead the industry with powerful and cost-effective solar photovoltaic solutions.

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