PR97698

NINGBO, China, Sept. 7, 2022 /PRNewswire=KYODO JBN/ --

Risen Energy, a world-leading manufacturer of photovoltaic modules, has

reported that its revenue in first half of 2022 has expanded 51.29 percent

year-on-year to reach 12.615 billion yuan (US$ 1.83 billion). The net profit

attributable to shareholders of the parent company rose 653.56 percent increase

year-on-year to reach 505 million yuan (US$ 72.98 million), and net profit

attributable to shareholders of the parent company after deducting

non-recurring profit and losses reached 476 million yuan (US$ 68.78 million), a

340.29 percent increase year-on-year.

The increase in product sales and rise in unit sales prices contributed to

Risen Energy's significant performance growth. The revenue of solar cells and

modules was 9.854 billion yuan (US$ 1.43 billion), an increase of 94.32 percent

year-on-year; while the revenue of polysilicon was 977 million yuan (US$ 141.47

million), an increase of 820.3 percent year-on-year with gross profit margin of

59.84 percent.

Risen Energy is committed to driving global energy innovation with integrated

and sustainable products, solutions, and services, delivering optimal

performance to customers, and showing competitive advantages in the market:

-The conversion efficiency of Risen Energy's monocrystalline PERC cells, TOPCon

cells and heterojunction cells have exceeded 23.40%, 25.00% and 25.50%

respectively;

-The conversion efficiency of its PERC module has reached over 21.57%, with

first-year degradation rate not exceeding 2.00% and annual degradation being no

higher than 0.55% from the second to 25th year;

-The conversion efficiency of its heterojunction modules exceeds 23.65%, with

degradation rate not exceeding 2.00% in the first year and annual degradation

below 0.25% from the second to 30th year.

To meet the growing demands for diversified products in the photovoltaic

market, Risen Energy has explored new R&D opportunities to meet the demand for

high-quality module products, and built three product series, the Titan series,

the NewT@N series, and Hyper-ion series, based on its 210 Technology platform.

The Titan module leverages the mature 210+P type technology with power coverage

of 410W to 670W, featuring a diversified and flexible design that can customize

application solutions for projects including distributed, industrial/commercial

transformation and large-scale above-ground power plants.

The Hyper-ion series, on the other hand, adopts the 210+N type technology and

utilizes industry-leading technologies including 120um, 210 half-cut silicon

wafer with four chamfer, microcrystalline technology and low Ag content paste.

The module power reaches 700W+ and creates both economic and environmental

values for the customers.

"Risen Energy is committed to lead the technological R&D in the industry with

continuous investment and leverage our high-efficiency photovoltaic product

portfolio and global sales and marketing network to support the application and

popularization of clean energy globally, we thrive to help our customers reach

their low-carbon and net-zero goals as the global community enters a new era of

carbon neutrality," said Risen Energy.

About Risen Energy

Risen Energy is a leading, global, Tier1, "AAA" credit-rated manufacturer of

high-performance solar photovoltaic products and provider of total business

solutions for power generation. The Company, founded in 1986 and publicly

listed in 2010, compels value generation for its global customers.

Techno-commercial innovation, underpinned by consummate quality and support,

encircle Risen Energy's total Solar PV business solutions which are among the

most powerful and cost-effective in the industry. With a local market presence,

and strong financial bankability status, we are committed, and able, to

building strategic, mutually beneficial collaborations with our partners, as

together we capitalize on the rising value of green energy.

Source Risen Energy Co., Ltd