Rainbow New Energy (00438) announced its annual results for the year ended December 31, 2023, and the group obtained total sales...
According to the Zhitong Finance App, Rainbow New Energy (00438) announced the results for the year ended December 31, 2023. The group achieved total operating revenue of RMB 3.145 billion (same unit), an increase of 27.33% over the previous year; net loss of RMB 231 million; net profit of RMB 89.2305 million for the same period last year; a basic loss of 1.3099 yuan per share.
During the reporting period, benefiting from the rapid release of new photovoltaic glass production capacity and the steady increase in production and sales of thin, large-size, and double-coated photovoltaic glass, the Group's revenue maintained steady growth, achieving operating income of 3.145 billion yuan, an increase of 27.33% over the previous year; due to factors such as declining prices of photovoltaic glass products and rising natural gas prices, the total profit of the Group was -226 million yuan.
During the reporting period, the production and operation of the Group's Hefei base maintained smooth operation, the renovation and upgrading of the Yan'an base progressed smoothly, new production capacity was rapidly released at the Shangrao and Xianyang bases, and the scale and synergy effects of the Group's four major industrial bases were further enhanced. At the same time, the Group has accelerated scientific and technological innovation, strengthened cost reduction and efficiency, steadily increased the overall yield of photovoltaic glass, promoted new scientific research products in an orderly manner, and continued to stabilize the market share of thin, large-size, double-coated photovoltaic glass products with a key layout.
During the reporting period, the Hefei base always adhered to the “specialty, special and new” development route, actively laid out new photovoltaic glass product development and technical reserves, and made significant progress in the development and engineering application of energy-saving technology for photovoltaic glass kilns, colorless double plating, and 1.6mm thin photovoltaic glass product development. Rainbow (Hefei) Photovoltaic Co., Ltd. has been certified as a national high-tech enterprise.