JinkoSolar has released its 2023 earnings forecast, with expectations for a net profit of CNY 7.25 billion to CNY 7.95 billion for the full year, based on preliminary calculations. This would mark a year-on-year increase of 146.92% to 170.76%. It said it also expects a net profit of CNY 895.7 million to CNY 1,595 million for the fourth quarter, down slightly from the preceding three-month period. The company said it see rising demand for N-type products.
Arctech Solar said it expects a net profit of CNY 354 million for 2023, up sharply from the preceding year. It attributed its strong performance to robust demand in the global market for ground-mounted PV plants. As of Dec. 31, 2023, its outstanding orders stood at roughly CNY 4.7 billion, which includes CNY 3.6 billion of orders for tracking systems and CNY 1 billion for fixed racks.
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Wanhua Chemical has partnered with FIRST and Trina Solar to set up a new joint venture, Yantai Wanxu New Materials Co. The companies aim to produce and operate polyolefin elastomer (POE) adhesive films for N-type module products. Wanhua Chemical plans to build 800,000 metric tons (MT) of POE capacity, managed by the joint venture. It said the goal is to establish reliable partnerships with downstream customers for consistent and stable POE product shipments.
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Very great efforts
Actually this is why because of the failure of some governments that can’t able to produce the electricity for the betterment of the industries and people’s of the country. We are facing very short fall of the basic need of the electricity. So that the traders are import the solar panels fro China and earn huge money. I think the biggest market of the solar purchasing is our country.