From pv magazine Global
China’s leading photovoltaic module makers have reported strong financial results for the first quarter of 2023.
JinkoSolar posted revenue of CNY 23.33 billion ($4.99 billion), up 58% year-over-year. Net profit soared to CNY 788.7 million from CNY 28.9 million in the first quarter of 2022. The company attributed this growth to strong global market demand and increased shipments of its TOPCon products.
Meanwhile, Longi said it recorded a turnover of CNY 28.32 billion, up 52.35% year-on-year, with net profit reaching CNY 3.64 billion, a 36.55% increase from the same period last year.
JA Solar announced quarterly revenue of CNY 20.48 billion, up 66.23% year-on-year, with net profit reaching CNY 2.58 billion, a 244.45% increase from the same period last year.
Trina Solar achieved revenue of CNY 21.32 billion, an increase of 39.59% year-on-year with net profit reaching CNY 1.77 billion, a 225.43% increase from the same period last year.
Author: Vincent Shaw
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
1 comment
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.