Risen Energy Performance Bulletin for 2016: the Year-over-year Operating Profit Has Increased 63.99% English
Risen Energy published a performance bulletin for 2016. The bulletin reveals that for the period of 2016 the company has achieved operating revenue of 7.02 billion RMB which is an increase of 33.48% compared to the same period last year. Also the operating profit reached 706.22 million RMB, a 63.99% increase compared to the same period last year. The data of the financial report shows that during the whole period of 2016 Risen Energy has achieved a sharp increase in overall performance. The total amount of the company’s profit was 860.04 million RMB, an increase with 91.97% compared to the same period last year and it achieved net profit of 694.56 million RMB attributed to public companies shareholders. This is 115.44% more compared to the same period of the previous year.
Regarding the sharp increase in performance, in their report Risen Energy pointed out two main factors which have contributed to it: the company’s sustained increase in sales of photovoltaic products in the last year and the company’s investment in the “Luoyang Chaori” reform plan. After completing the “Loyang Chaori” reform plan, Risen Energy now has a perfect photovoltaic product layout, has effectively reduced the embedded costs of the products. Additionally, it has enhanced to a certain extent the core competitiveness of the company, has increased its benefits and its risk resistance capacity.
Both the revenues and profits for 2016 have doubled. We will continue to develop distributed PV power stations. In the last few years Risen Energy has been promoting the development of distributed photovoltaic power stations and with this it achieved a big breakthrough. From Risen Energy they pointed out that: “In order to give our numerous customers the most professional solutions for one-stop power generation, we set up a special distributed service department. At the same time, in order to guarantee the safety and the stable operation of the distributed projects, and to guarantee maximization of the project’s profits, we put our rooftop projects through a strict selection. For the rooftops where installations are needed, we conduct a thorough check and design work. This helps us find the most accurate angle for the installation and the most suitable installation mode.”
From the company they go on with saying: Risen Energy’s aim in the future is to take orders from professionals and to be professional in its work. We will continue to support the technological innovation and together with research teams from professional universities we will continue to develop distributed power stations. We believe that in the future, along with the development of the production technology and the gradual improvement of the financial system, the distributed projects will certainly reach a large-scale implementation in China. This, on the other hand will help our country carry out reforms in the energy supply-side.