News Column

Shunfeng PhotovoItaic Int'l H1 Incomes Hiked 600%

August 29, 2014

SHANGHAI, August 29, SinoCast -- Shunfeng PhotovoItaic International posts that it gained CNY 2.95 billion incomes in the first half, up 600% year on year; it recorded CNY 750 million gross profits, soaring 13.7 times; it made CNY 504 million net profits, compared with CNY 673 million losses in the period last year; it achieved CNY 0.2357 earnings per share.

The income and gross profit growth was attributed to takeover of Wuxi Suntech and increases of solar product manufacturing and transportation. Most of the solar power stations connected to power grids in the first half started operation and gained incomes.

Total power generation of solar power stations the company owns reached 185,798 megawatt hours by June 30, of which 60% came from solar power stations in Xinjiang. Power generated in July was about 64,825 megawatt hours, up 8.5% from June.

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Source: Sinocast Energy Beat (China)

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