Datang posts $81.2 million net profit in H1
China Datang Corporation Renewable Power’s net profit more than doubled in the first half of 2017 to CNY 541.77 million ($81.2 million), as utilization hours of its solar projects rose from from the preceding year.
GCL New expects H1 profit on 1 GW of capacity
GCL New Energy will likely post a profit of CNY 450 million ($67.4 million) in the first half of 2017, from a profit of just CNY 147 million a year earlier, as it connected 1.04 GW of new solar capacity to the grid.
BECE forecasts sharply higher H1 profit
Beijing Enterprises Clean Energy (BECE) expects its consolidated net profit to soar by 700% to 800% year on year in the first half of 2017, based on a preliminary review of its unaudited results.
Profit and revenue swell for Canadian Solar in Q2
The second quarter financial results for the Chinese-Canadian solar firm reveal above-guidance growth in revenue and shipments, while profit rises to $167.8m for the quarter.
GCL-Poly, Tianjin Zhonghuan reveal polysilicon tie-up
GCL-Poly Energy has signed a framework agreement with semiconductor manufacturer Tianjin Zhonghuan, under which the two sides will collaborate of the production of polysilicon and wafers, in addition to downstream PV project development.
Etrion posts H1 net loss of $14.4 million
Etrion has recorded a consolidated net loss of $14.4 million in the first half of 2017, primarily due to depreciation and financing expenses.
Daqo’s net profit slides to $12.1 million in Q2
Daqo New Energy reported a net profit of about $12.1 million in the second quarter of 2017, down roughly 47% from the preceding three-month period, as the Chinese polysilicon producer’s revenue fell more than 9% to about $76 million.
China installed 24.4 GW of solar in first half of 2017, shows official NEA data
The statistics, published over the weekend, reveal that June alone accounted for more than half of that total figure, increasing 16% against June 2016.
ACC completes 19 MW BIPV project in China
Asia Clean Capital (ACC) has connected a 19 MW building integrated photovoltaic (BIPV) project to the grid at a shipyard in eastern China. It claims that the installation is the largest BIPV project in the world.
Xinyi Solar posts $160.5 million profit in H1
Chinese PV developer and EPC specialist Xinyi Solar recorded a net profit of HK$1,254.9 million ($160.5 million) in the first half of 2017, up 12.5% from the preceding year, as its downstream unit’s cumulative installed capacity passed the 1 GW mark.
