NINGBO, China, May 8, 2024 /CNW/ -- Risen Energy Co., Ltd. ("the Company"), a globally leading manufacturer of high-performance solar photovoltaic products, has announced its outstanding financial results for 2023, demonstrating significant growth and technological advancements in the solar industry. According to its latest annual report, in 2023, Risen Energy clocked up approximately 35.33 billion RMB (US$4.87 billion) in revenue, up 20.22% year-on-year. The Company's net profit after deduction of non-recurring profits or losses rose to 1.58 billion RMB (US$218 million) in 2023, marking a 55.77% year-over-year increase. Risen Energy's net assets attributable to equity holders expanded by 62.47% to reach 15.2 billion RMB (US$2.09 billion) in 2023. Risen Energy has achieved various significant milestones over the last year. Here are a few highlights: Technological achievements: Risen Energy has made significant strides in n-type technology and large-size high-efficiency module technologies. The Company set a new record efficiency rate of 23.9% for its heterojunction (HJT) Hyper-ion Modules in 2023, with a projected production capacity of 21GW by 2024. Risen Energy's innovations include the development of 0BB cell technology, 210 ultra-thin silicon wafer technology, pure silver consumption＜7mg/W and Hyper-Link technology. The Company was the first in the industry to put such technological breakthroughs into mass production. In 2023, Risen Energy obtained multiple international certifications, including the first TÜV SÜD global certificate for 210 HJT high-efficiency ultra-thin modules. Also in 2023, Risen Energy developed and owned 740 patent technologies, with 172 new patents authorized during the year. The Company published several whitepapers as it continued ...