NINGBO, China, April 22, 2020 /PRNewswire/ — Chinese PV leader Risen Energy Co., Ltd. (300118.SZ) disclosed its financial results for 2019 on the evening of April 17, 2020, local time. During the reporting period, the company recorded a total operating revenue of 14.404 billion yuan (approx. US$2.03 billion), an increase of 47.7% from the previous year. Net profit attributable to shareholders reached 974 million yuan (approx. US$137 million), soaring 319.01% when compared to 2018. Basic earnings per share stood at 1.11 yuan (approx. US$0.16). The company plans to pay a dividend of 2 yuan (approx. US$0.28) per 10 shares (tax included).

The company attributed positive 2019 results to six core competitive forces:

Science-based strategic decision-making and efficient strategy implementation capabilities;

Market-oriented approach to R&D, coupled with a comprehensive R&D system;

Ongoing innovation in