Leading solar module manufacturer Trina Solar released its performance forecast for the first quarter of 2023 last night, showing an expected net profit attributable to the parent company of RMB 1.3-18 billion (USD 188.4-260.8 million), up 139.31%-231.35% year-on-year. The non-net profit attributable to the parent company may reach RMB 1.245-1745 billion (USD 181.1-253.6 billion), up 153.60%-255.45%.
The company attributed the fast growth of result to their global brand building and their strength in local distribution markets, which significantly increased their shipments and sales revenue of solar modules compared with the same period last year.
In addition, during the reporting period, the company’s major ramp up on large scale solar products has fully met the market demand of high-power 210mm solar modules, which not only reduced comprehensive cost of products, and effectively improved profitability.
Trina Solar also enhanced their operation and management to deal with complex situations, their forward-looking prediction and layout ability was further improved, and the cost of purchasing materials, logistics and transportation and other costs and various period expenses were effectively controlled. The company’s strategic layout in the solar industry chain in the early stage was another crucial factor to achieve the result.
