星期三, 3月 3, 2021
Home PV News Solargiga hits 10% revenue rise – on back of 48% more shipments

Solargiga hits 10% revenue rise – on back of 48% more shipments

The Chinese manufacturer had to ship a lot more ingots, wafers, cells and modules to secure a modest rise in returns, according to its unaudited 2019 figures.

Source:pv magazine

Solar manufacturer Solargiga today gave an insight into the ever tighter margins afflicting the sector in China when it published its unaudited full-year figures for 2019.

Total revenue rose 10.2% for the Hong Kong-listed manufacturer, from RMB4.02 billion (US$584 million) in 2018 to RMB4.43 billion as ingot, wafer, cell and module production income rose 12.1% – from RMB3.92 billion to RMB4.4 billion.

That advance more than compensated for a 68% year-on-year reverse in Solargiga’s marginal project management revenues, which fell from RMB95.5 million in 2018 to RMB30.8 million last year.

However, a huge hike in the volume of solar products manufactured and shipped was necessary to drive that modest improvement in revenue, with Solargiga moving 4,133 MW of stock, compared to 2,797 MW in a 2018, for an annual rise of 47.8%.

Bloomberg New Energy Finance analyst Jenny Chase told pv magazine at the end of last year the tighter and tighter margins affecting Chinese solar manufacturers – excluding polysilicon producers – could force some big names out of the market this year.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

ComEd report finds investments in residential solar, energy efficiency benefit all customers

ComEd this week reported to the Illinois Commerce Commission (ICC) that residential customers are receiving savings and clean energy benefits from the Future Energy...

New Solar Access Act aims to implement automated solar permitting in most California cities

Senator Scott Wiener (D-San Francisco) introduced SB 617, the Solar Access Act. SB 617 implements automated solar permitting in local jurisdictions with over 10,000...

Biden administration restores amendments to Desert Renewable Energy Conservation Plan

California Energy Commissioner Karen Douglas released the following statement in response to the U.S. Department of Interior’s decision to revoke amendments to the Desert...

Missouri legislature considers taxing solar-powered households and businesses

The Missouri Solar Energy Industries Association (MOSEIA) announces that the state’s upcoming HB539 and SB178 bills, which seek to modify the state’s net-metering program,...