On October 28, Risen Energy released its Q3 2024 financial report, revealing its latest performance in a complex and changing market environment. The report indicated that despite facing certain challenges, Risen Energy showed signs of stabilization in the third quarter, bringing a glimmer of optimism to the market.
The Q3 report disclosed that the company achieved revenue of 14.903 billion yuan in the first three quarters, a year-on-year decline of 46.81%, with a net loss of 1.559 billion yuan and a basic earnings per share of -1.3745 yuan. Revenue for the third quarter reached 4.444 billion yuan, a quarter-on-quarter decrease of 19.59%. However, considering the current global economic situation and overall volatility in the photovoltaic industry, this performance demonstrates the company’s resilience. Notably, the net profit attributable to the company was -596 million yuan, marking a 12.66% reduction in losses compared to the previous quarter, signaling a positive trend as the company gradually emerges from its low point.
Risen Energy attributed the stabilization in Q3 performance to its continuous efforts in cost control, market expansion, and technological innovation. Company management emphasized that in the face of fierce market competition and changing customer demands, Risen Energy remains committed to a customer-centric approach, optimizing its product structure and enhancing service quality, which has earned widespread market recognition.
