Trina Solar Reports 245.81% Year-on-year Net Profit Growth In 2020 Half-year Results

Trina Solar Reports 245.81% Year-on-year Net Profit Growth In 2020 Half-year Results

Trina Solar Reports 245.81% Year-on-year Net Profit Growth In 2020 Half-year Results

Trina Solar Co., Ltd., a leading global PV and smart energy total solution provider, has announced the publishing of its half-year financial reports for 2020. The company is reporting a 245.81% Year-on-Year Growth in net profits in 2020 compared with the same period in 2019.

The company's performance shows a sharp increase in sales of PV products and PV systems, which the company attributes to its years of operational experience and effective risk control mechanisms. Total revenue for the first six months of 2020 reached US$ 1.836 billion (RMB 12.55 billion), a year-on-year increase of 16.56%, while net profits—belonging to shareholders of the listed company—hit US$ 72 million (RMB 493 million, up 245.81% from the previous year.

Jifan Gao, Chairman and