PVTIME – On January 25, 2024, Shuangliang Eco-Energy Co., Ltd. (Shuangliang, 600481.SH), a manufacturer of solar material processing equipment and a subsidiary of Shuangliang Group, released its performance forecast for 2023, that it is estimated to achieve net profit of 1.48 billion to 1.62 billion yuan, up 54.82% to 69.45% YoY. Meanwhile, net profit after deductions is expected to be 1.32 billion to 1.47 billion yuan, up 46.99% to 63.69% YoY.
The increase in profit was mainly due to the increased demand for energy saving from customers and the continuous delivery of new energy equipment, including polysilicon reduction furnaces and their skid blocks. In addition, the increase in its monocrystalline related business had a positive impact on its financial results, as monocrystalline silicon prices have been rising for some time, and processing costs were lower in the period under review.
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