Trina Solar Investor Relations


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Trina Solar Co., Ltd. (“Trina Solar” or the “Company”), a leading global PV and also smart energy total solution provider, has actually publimelted its half-year financial report for 2020. It reflects a sharp boost in sales of PV products and PV systems, which the Company type of qualities to its years of operational endure and also efficient danger control mechanisms. Total revenue for the first 6 months of 2020 reaches RMB 12.55 billion, a year-on-year rise of 16.56%, while net profits – belonging to shareholders of the listed firm – hit RMB 493 million, up 245.81% from the previous year.

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Jifan Gao, chairmale and CEO of Trina Solar, stated that Trina Solar and various other leading worldwide PV providers had completed expansion despite the worldwide financial downturn carried about by Covid-19 in the initially fifty percent of the year. “The Chinese PV industry proceeds to flourish in leaps and also bounds as we enter the ultra-high-efficiency era,” he shelp. “Companies through superior sustainable advancement capabilities and those that are leaders in the worldwide PV industry are prospering. Having led the means into the ultra-high-effectiveness era, Trina Solar currently plans to step up the rollout of progressed production capacity and the application of innovative technologies in our commodities in order to rise earnings even more.” Customers would certainly remajor at the heart of the Company’s operations, and also the Company type of would certainly constantly improve the top quality of its assets and solutions to develop even more worth for customers and also create also better returns for culture and stakeholders, added Mr Gao.

Innovative and also Technological Breakthroughs Demonstprice Core Competitiveness

In the initially half of 2020, Trina Solar invested RMB 860 million in R&D. The Company kind of has collected 852 patents, consisting of 310 innovation patents, and also has actually repeatedly kept its investment in the research study and advancement of progressed technologies for high-effectiveness cells, high-power modules and also smart tracking systems, concentrating on the advancement of cutting-edge innovations while at the same time continuing to boost its mass-manufacturing capacity.

With regard to solar cells, Trina Solar went via third-party trial and error by the ISFH CalLab in Germany type of to confirm convariation effectiveness of 23.39% in its PERC cell, which was developed via standardized industrial equipment and also was the highest-efficiency commercial PERC cell to pass the international ISO/IEC 17025 typical at that time. Trina Solar is an industry leader in the range production of PERC cell technology, with cell performance on the Company’s recently constructed PERC production line averaging 22.8%-22.9%. Trina Solar’s HJT cell achieves efficiency of 23.8% or even more in mass production, and also TÜV certification and also marketing of its HJT commodities are expected imminently. The Company’s TOPCon high-effectiveness cell has recorded laboratory performance of 24.58%, with the highest possible average batch efficiency in mass production getting to 23.8%.

With respect to PV modules, Trina Solar’s new Vertex series of high-power module commodities incorpoprices numerous forward-looking developments consisting of a 210 mm silsymbol wafer, high-thickness encapsulation and multi-busbar (MBB) modern technology, keeping the Company type of at the forefront of the sector as it leads the way into the ultra-high-power era. Trina Solar’s partners in and also roughly the supply chain are currently completely equipped via the associated manufacturing facilities.

In terms of PV devices, the Company kind of released its new TrinaPro Mega solution, equipped through industry-leading 500W+ ultra-high-power modules, which creates lower unit prices and will further increase power plant retransforms, consisting of greater compatibility of components, lower device costs and also smarter solutions. Trina Solar has actually already established a test line for electrical and also digital commodities and also an outdoor empirical model application platform, and has actually completed small-batch manufacturing and product test verification procedures for the AC variation and module string variation of its TCU/NCU smart tracking controllers. The 2 versions are compatible through various mounting frameworks and are projected to hit the sector at the end of September and also the finish of December, respectively.

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Global Brand also and also Layout Enable Growth Regardless of the Downrevolve

Thanks to its worldwide brand also and worldwide organization layout, Trina Solar properly withstood the shock of Covid-19 in the initially half of 2020, not only overcoming the influence of the pandemic on manufacturing and also logistics, however actually additionally increasing its industry share in certain sectors and also regions. In the initially fifty percent of the year, the Company type of achieved full module shipments of 5.84 GW, up 37% over the same period in 2019. February 2020 experienced a brand-new market breakthrough for Trina Solar, via the release of the world’s initially 500W+ module, Vertex, and in July the Company type of went one better with its 600W+ module to lead the market right into the 600W era. By the release date of the half-year report, the Vertex module was currently approaching 1 GW worth of orders.

The Company’s TrinaPro business showed rapid and steady growth, with orders for 882 MW yielded international – over 100% even more than throughout the very same duration last year.

Trina Solar additionally signed a attend to The Rise Fund, part of one of the world’s largest alternative ascollection monitoring suppliers, TPG Group, for task contracts worth a total of around US$700 million and spanning a full range of 1 GW. The Company’s residential power plant units organization proceeds to thrive steadily, with cshed to 1 GW worth of PV price-bidding and price-parity jobs won in the time of the reporting period, a year-on-year increase of over 25%.

Further Scaling Up of Global Cutting edge Production Capacity and Company Layout

Within the market, Trina Solar is an active proponent of ultra-high-power module commodities based on large-sized cells, aiming to drive home its advantages in terms of large-scale advanced module manufacturing capacity for huge cells. The Company type of forecasts complete cell production capacity of approximately 26 GW by the end of 2021, of which the large 210 mm cells are expected to account for some 70%. All of the module manufacturing capacity because of be constructed from the second fifty percent of 2020 onwards will certainly be for ultra-high-power modules, through total module manufacturing capacity forecast to reach about 22 GW by the end of 2020 and around 50 GW by the end of 2021.

The Company additionally intends to additionally consoliday its industry-leading advantages in the areas of large high-effectiveness cells and modules, via plans to promote upstream-downstream interconnectivity in the supply chain based upon the “600W+ Photovoltaic Open Innovation Ecological Alliance” and to acceleprice the transdevelopment of the “supply chain” to the “worth chain”. Drawing on the staminas of its global brand also and networks, as well as progressed module product capacity and also the coordinated advancement of the providers in the open up creation eco-alliance, Trina Solar is well set to sell customers maximum value by offering them through higher-worth integrated solutions and superior expert solutions.

Data 1: https://little.ly/2Z895fx Caption: Trina Solar Co. Ltd. Abstract of Interim Report H1-2020 Source: Trina Solar

Data 2: https://little bit.ly/31XxarhCaption: Trina Solar Co. Ltd. Financial Statements 2019Source: Trina Solar

About Trina Solar (688599. SH)

Founded in 1997, Trina Solar is the human being leading PV and smart power complete solution provider. The company engages in PV commodities R&D, manufacture and sales; PV tasks development, ECOMPUTER, O&M; smart micro-grid and also multi-energy complementary units breakthrough and also sales, as well as energy cloud-platform operation. In 2018, Trina Solar released its Energy IoT brand also, established the Trina Energy IoT Industrial Advancement Alliance in addition to leading enterprises and also research study institutes in China and also about the human being, and also started the New Energy IoT Industrial Innovation Center. With these actions, Trina Solar is committed to working via its partners to build the power IoT ecodevice and construct an innovation platform to discover New Energy IoT, as it strives to be a leader in global intelligent energy. In June 2020, Trina Solar noted on the STAR Market of Shanghai Stock Exadjust. For more indevelopment, please visit www.kosid.org.