On March 11, according to the announcement of the Science and Technology Innovation Board of the Shanghai Stock Exchange, the 4th review meeting of the Shanghai Municipal Party Committee in 2020 has been held in the way of live + video, and Trina Solar Co., Ltd. (hereinafter referred to as "Trina Solar") was approved.It is worth mentioning that under the influence of the epidemic, Trina Solar is the first science and technology innovation board "cloud on the" enterprise.
Trina Solar sold 6,149MW, 8,458MW and 6,599MW components in 2016, 2017 and 2018, and 5,996MW components in the first three quarters of 2019, according to the company's recently updated prospectus. By the first half of 2019, its sales revenue accounted for 45.31% of the current component revenue, and its production capacity accounted for about 60%. By the end of 2020, it is expected to exceed 75%.
In 2019, Trina Solar realized revenue of 233,375,619,800 yuan, down 6.7% compared with 2018, and net profit attributable to shareholders of the parent company was 40,595,200 yuan, up 14.82% compared with 2018. The revenue of the first quarter of 2020 is expected to be 533.654 million yuan to 620.192 million yuan, with a year-on-year growth of 27.74% to 48.46%, and the net profit is expected to be 66.8 million yuan to 81.64 million yuan, with a year-on-year
growth of 22.45% to 49.66%.
Last year, Trina achieved rapid growth in 2019, and this trend is expected to continue in 2020.In 2019, the company achieved revenue of 23.376 billion yuan and net profit of 702 million yuan, up 22.61% year on year. The performance growth was mainly due to the good performance of the company's module business and photovoltaic power plant EPC business in 2019, and the year-on-year increase in gross profit. The strength of the company's overseas power plant business
and TRW's new business also enhanced the performance.
In addition, Trina Solar also holds several world records in terms of efficient technologies.The commercializable IBC solar cell with photoelectric conversion efficiency of 25.04% independently developed by Trina Solar is the first single crystalline silicon cell in China with an efficiency of more than 25% certified by the third party authority so far, and also the highest conversion efficiency of crystalline silicon cells prepared on a large area of 6-inch crystalline silicon substrate in the world. In the past decade, Trina Solar has continued to innovate and focus on technology, creating and refreshing 20 world records in the face of changing industry policies and frequent trade frictions.
According to the prospectus, Trina Solar plans to raise 3 billion yuan for "Tianxing 250MWP photovoltaic power generation project in Yijun county, a leading base of photovoltaic power generation technology in Tongchuan" and "3GW annual production of high-efficiency single crystal cutting and half module project". Before the issue, the total share capital of Trina Solar was 1757826375 shares, and the proposed public offering of no more than 439456593 shares, accounting for no less than 10% and no more than 20% of the total share capital after the issue. In
this issue, the original shareholders of the company will not publicly issue shares.
According to the 2019 module shipment ranking released by the GlobalData research agency GlobalData, Trina Solar ranked the top three in the global PV shipments in 2019, making it an unshakable PV leader.
On January 22, 2020, Trina Solar announced that the first piece of newly developed large size component using 210mm silicon wafer was officially off the production line. On February 27, the new global online conference held in trina solar, "210 sovereign series high power components" formal appearance, under the influence of global pneumonia outbreak, TRW sovereign series components released "cloud", is undoubtedly
for the development of photovoltaic industry in 2020, played under the arm, also marks the photovoltaic industry formally entered 5.0 era.
As one of the first Chinese solar companies to list on the New York Stock Exchange, Trina Solar's successful listing in the domestic capital market is also widely expected. In the future, Trina Solar will continue to be driven by innovation, take popularizing green energy and promoting global sustainable development as its own responsibility, constantly explore and innovate, create a leading edge from photovoltaic
products to smart energy solutions, lead the continuous progress of the photovoltaic industry, and benefit all mankind with solar energy.