PVTIME – Trina Solar Co., Ltd. (hereinafter referred to as Trina Solar or the Company)(688599.SH), released an announcement on the forecast of its increasing in annual results for 2021.
According to the announcement, (1) It is expected that the net profit attribute to the owners of the parent company in 2021 will be 1.72 billion yuan to 2.05 billion yuan, which will increase by 490,723,200.00 yuan to 820,723,200.00 yuan, compared with the same period of the previous year (statutory disclosure data), a year-on-year increase of 39.92% to 66.76%, according to the preliminary calculation of the financial department.
(2) It is estimated that the net profit attribute to the owners of the parent company after deducting non-recurring gains and losses in 2021 will be 1.473 billion yuan to 1.803 billion yuan which will increase by 360,843,800.00 yuan to 690,843,800.00 yuan compared with the same period of the previous year (statutory disclosure data), a year-on-year increase of 32.45% to 62.12%.
The main reasons for the change in the performance are as following:
A. During the reporting period, the global photovoltaic industry has achieved leapfrog development. The overall prosperity of the photovoltaic industry and the strong demands in solar market resulted in the industry market continues to gather with leading companies. The technology and advantages of the 210 large-scale solar cell and module promoted the company in photovoltaic products market, then made the operating income increased significantly compared with the same period of last year.
B. The company has been taking the lead in the industry and unswervingly deploying in the distributed market, building digital energy network and vigorously developing for the household, industrial and commercial PV markets. Meanwhile, The company has been providing customers with overall solutions, and the sales of distributed business have grown crucially, therefore, the revenue and net profit of the company made further increases.
(688599.SH), released an announcement on the forecast of its increasing in annual results for 2021. According to the announcement,…){kind=link}