PVTIME – On 11 July 2023, EGing Photovoltaic Technology Co., Ltd. (600537.SH), a high-tech enterprise specialized in the development, manufacture and marketing of solar photovoltaic products, released its Pre-Earnings Announcement for the first half of 2022.
The Company expects to achieve operating revenue of approximately 4.4 billion yuan in H1 2023, representing an increase of approximately 27% year on year. And net profit attributable to owners of the parent is estimated to be 280 million to320 million yuan, representing an increase of 1,086% to 1,255% year on year. Then after deducting non-operating profit, the net profit attributable to owners of the parent company is expected to be 320 million to 360 million yuan, an increase of 340 million to 380 million yuan year-on-year.
The increase in performance over the same period of the previous year was mainly due to the Company’s active expansion in the photovoltaic market in the first half of the year, and the sales volume of photovoltaic modules increased year on year. Meanwhile, the process and technology were optimised, drastically reducing costs and increasing production efficiency. In addition, benefiting from the price reduction of silicon materials, the company’s profit from photovoltaic cells and modules had a strong increase.
, a high-tech enterprise specialized in the development, manufacture and marketing of solar photovoltaic products, released its Pre-Earnings Announcement for the first half…){kind=link}