Chinese solar manufacturer Solargiga Energy Holdings has released its unaudited operating statistics for the period from January 1, 2017 to March 31, 2017 showing an 87.3% increase in external shipments and a 22% increase in total revenue compared to Q1 2016.
According to the preliminary statistics, the external shipment of ingots, wafers, cells and modules in Q1 2017 saw a dramatic increase to 576.8 MW, up from 307.9 MW in 2016.
The company’s total Q1 revenue increased from ¥ 816.2 million ($118.5 million) last year to ¥ 995.8 ($144.6 million) this year.
Popular content
The revenue from its production business went up by 22.5% amounting to ¥ 988.7 ($143.5 million), while sales of electricity generated and other revenue went down by 19.3% to ¥ 7.1 million ($1 million).
The encouraging statistics comes on the heels of a gloomy 2016 financial report that showed a $ 34.7 million net loss, which the company attributed to investments in production capacity, as well as higher R&D spending throughout the year.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.