Trony Solar Holdings Company Limited Ltd. Puts Production On a New Level According to BAC Report21 Oct 2011 • by Natalie Aster
LONDON – Trony Solar takes sustainable development seriously. Company’s plants correspond with all safety and ecology standards; they possess ISO certifications. Trony has its own strategic goals in development, which can be briefly described as:
Made in China → Created in China
Energy crisis → Alternative energy source → Demand for solar power
Amorphous silicon thin film technology → Thin film solar cells
Alternative energy development → Low carbon era
The company aims to take Chinese production policy to the new level –make it famous not for copying others’ inventions, but for creating own know-how. Solar energy for un-electrified territories (like Africa or Southwest Asia) is going to become an affordable solution. Prospective thin film solar cells technology will bring high efficiency and stability in PV applications. By 2030 thin film solar cells are expected to hold over 30% of solar cells market. Low carbon era is an answer to global warming and gas contamination.
Together these goals represent an ambitious future for Trony, and the company has the potential to achieve them.
Trony Solar’s financial performance is strong. After completion of new plant in Korea in 2009 and IPO in 2010 company’s financials rocketed. While in June 30 2008 and 2009 revenue was CNY 272.8 M and CNY 541.2 M respectively, in 2010 it amounted to CNY 1351.2 M (149.5% up), and in 2011 revenue reached CNY 1961.6 M (45.2% up). Net income in 2011 showed CNY 544 M result, 8.9% more than in 2010 and 511.9% more than in 2008.
Half-year reports reflect an upward trend. For the 6 months ended June 30 2011 revenue and net income amounted CNY 1060.9 M and CNY 282.1 M, respectively. The outlook is positive: Trony constantly expands its production lines to supply raising demand for its products. Thus, in 2012 120 MW more will be added to company’s capacity.
Founded in 1993 and headquartered in Shenzhen (China), Trony Solar Holdings Company Limited Ltd. engages in research, development, manufacture and distribution of thin film solar cells for industrial and household applications. Business segments: Standard Modules, Integrated Kits, BIPV, BIPV (indoors and outdoors). Main geographical market is China (88.6%), however, Trony exports to Hong Kong (5.5%), Thailand (3.1%), Vietnam (2.7%) and other countries (0.1%).
Get all information on the company’s principal activities, financial performance, risk factors, and experts’ opinion in the report “Trony Solar Holdings Company Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Trony Solar Holdings Company Limited Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Oct, 2011
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