Trina Solar Reports 245.81% Year-on-Year Growth in Net Profits in 2020 Half-Year Results

GO ECO GREEN21

ENERGIA LIMPIA XXI. Trina Solar Co., Ltd. (“Trina Solar” or the “Company”), a leading global PV and smart energy total solution provider, has published its half-year financial report for 2020. It 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. A repoer carried by Energía Limpia XXI states that total revenue for the first six months of 2020 reaches RMB 12.55 billion, a year-on-year increase of 16.56%, while net profits – belonging to shareholders of the listed company – hit RMB 493 million, up 245.81% from the previous year.

Jifan Gao, chairman and CEO of Trina Solar, pointed out that Trina Solar and other leading global PV companies had achieved growth despite the global economic downturn brought about by Covid-19 in the first half of the year. “The Chinese PV industry continues…

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