Risen Energy’s stock reversed in the third quarter

The latest report of the US professional PV market research firm Solarbuzz claims that many Chinese leading manufacturers of solar panel will announce the digital shipment record at the third quarter of 2013.

Insiders said that in the first three quarters of China’s top ten module suppliers Yingli, Trina, Artes, JinkoSolar, Yuhui Solar, Hareon and Risen Energy performed prominent. Recently, the stable prices and declining PV module costs will make Chinese manufacturers achieve more than 20%of the profits for the first time since the end of 2010. According to incomplete statistics, in the third quarter of 2013, the profits of the world’s twenty top component vendors’ grew 1.2% more than the previous quarter, as the third quarter was 12.5% and the second quarter was 11.3%.

As of October 28th, A-share listed companies three quarterly disclosure in 2013 is almost completed. Data shows that the listed 26 solar energy companies have achieved the net profit of nearly 1.6 billion yuan, which attributed to shareholders of listed companies, an average of 61.08 million yuan, compared with three quarters of 31.33 million yuan in 2012 had increased by 95 %.

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