Risen Energy Announces Full Year 2015 Results
NINGBO, China, Feb. 29, 2016 /PRNewswire/ -- Risen Energy Co., Ltd, a public limited company organised under the laws of the People's Republic of China, listed on the Shenzhen stock market, and a tier 1, "AAA" credit rated integrated manufacturer of high-performance solar photovoltaic products and provider of total business solutions, today announced its annual report for the year ending December 31, 2015.
Full Year 2015 Financial and Operation Headlines
- Sales revenue of 5.26 billion RMB, an increase of 78% from 2014
- Net Income of 320 million RMB, an increase of 382% from 2014
- Shipments grow to 1246 MWp of solar PV modules and 547 MWp of EPC, BOT and BT solar project installations
The Company continues to demonstrate that their historic prudent financial management is now delivering unequivocal financial benefit to strategic partners, EPC project owners, the Company's own projects and a minimal spot market on an international basis. With regionalised sales and service support structure, in place and expanding, end users are assured of detailed provision of techno-commercial solutions.
Ultramodern highly automated manufacturing infrastructure for cell and module production of 2600 MWp capacity at the end of 2015 which will be increased to 3100 MWp during 2016.
Investment in R&D delivers solar PV cells with efficiencies of 19%+ for polycrystalline and 20%+ for monocrystalline, as well as solar PV modules with the lowest temperature coefficient of power within the industry.
Risen's Group diverse and supporting portfolio of products and services encompasses further segments and industries, covering the 2nd largest producer of Ethylene Vinyl Acetate (EVA) under the brand of Sveck, LED lighting solutions under the brand of Twinsell, financial services under the brand of Sunallies, an International Real Estate business, and an EPC services organisation, ensure that Risen's financial sensitivity is diluted and not subject to an individual markets whims, with a net effect of long term viability being a pronounced asset for customers and their long term servicing needs.
Clearly the year ahead will prove remarkable as the Company continues to expand from its own cash generation. The guidance for Q1 2016 with a net income prediction of between 160 and 170 million RMB epitomises and re-iterates the growth is managed with long term sustainability as its core objective.
About Risen Energy Co., Ltd
Risen Energy Co., Ltd is a leading, global, tier 1, "AAA" credit rated manufacturer of high-performance solar photovoltaic products and provider of total business solutions for residential, commercial and utility-scale power generation. The Company, founded in 2002 and publicly listed in 2010, compels value generation for its chosen 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 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 capitalise on the rising value of green energy.
SOURCE Risen Energy Co., Ltd
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