<p><span class="xn-location">NINGBO, China</span>, <span class="xn-chron">May 9, 2024</span> /PRNewswire/ -- Risen Energy Co., Ltd. (&quot;the Company&quot;), a globally leading manufacturer of high-performance solar&nbsp;photovoltaic products, has announced its outstanding financial results for 2023, demonstrating significant growth and technological advancements in the solar industry.</p>  <p>According to its latest annual report, in 2023, Risen Energy clocked up approximately <span class="xn-money">35.33 billion RMB</span> (<span class="xn-money">US$4.87 billion</span>) in revenue, up 20.22% year-on-year.&nbsp;The Company's net profit after deduction of non-recurring profits or losses rose to <span class="xn-money">1.58 billion RMB</span> (<span class="xn-money">US$218 million</span>) in 2023, marking a 55.77% year-over-year increase. Risen Energy's net assets attributable to equity holders expanded by 62.47% to reach <span class="xn-money">15.2 billion RMB</span> (<span class="xn-money">US$2.09 billion</span>) in 2023.</p>  <p>Risen Energy has achieved various significant milestones over the last year. Here are a few highlights:</p>  <ul type="disc">   <li><b>Technological achievements:</b>    <ul type="disc">     <li>Risen Energy has made significant strides in&nbsp;n-type technology and large-size high-efficiency module technologies. The Company set a new record efficiency rate of 23.9% for its heterojunction (HJT)&nbsp;Hyper-ion&nbsp;Modules in 2023, with a projected production capacity of 21GW by 2024. Risen Energy's innovations include the development of 0BB cell technology, 210 ultra-thin silicon wafer technology, pure silver consumption竊?mg/W and Hyper-Link technology. The Company was the first in the industry to put such technological breakthroughs into mass production.</li>     <li>In 2023, Risen Energy obtained multiple international certifications, including the first T&Uuml;V S&Uuml;D global certificate for 210 HJT&nbsp;high-efficiency ultra-thin modules.</li>     <li>Also in 2023, Risen Energy developed and owned 740 patent technologies, with 172 new patents authorized during the year.</li>     <li>The Company published several whitepapers as it continued to lead the industry. In <span class="xn-chron">August 2023</span>, Risen Energy released its highly-anticipated research paper &quot;Development and Application of Low-silver Metallization Paste,&quot; and in December, the Company published &quot;Development and Industrial Application of Ultra-thin Silicon Wafers&quot; ??setting strong benchmarks for the industry.</li>    </ul></li>   <li><b>Product Applications:</b>    <ul type="disc">     <li>For residential and C&amp;I rooftops, Risen Energy's Super Energy Series products have shown superior performance and installation convenience. Such products strengthened the Company's position in technological innovation and industrial application.</li>    </ul></li>   <li><b>Energy Storage:</b>    <ul type="disc">     <li>Risen Energy also stood out in the field of energy storage. Leveraging its dual-energy storage industrialization platform and its professional research and development team, the Company has achieved full-stack self-development and closed-loop management of &quot;3S&quot; (BMS/PCS/EMS) technologies. Risen Energy's independently developed liquid-cooled battery energy storage system was the first in <span class="xn-location">China</span> to be certified by both Chinese and American UL9540A standards.</li>    </ul></li>   <li><b>Environmental, Social, and Governance (ESG):</b>    <ul type="disc">     <li>In Risen Energy's latest ESG report, the Company noted that it has obtained the SA8000 certification. Risen Energy has increased its clean energy usage to 31,320,210 kWh, up 9.4% year-on-year. It has also purchased 6,424,000 kWh of green electricity, and set a new low in the French carbon footprint certification at 376.5 kg eq CO2/kWc ??thanks to the Company's HJT&nbsp;module product.</li>    </ul></li>  </ul>  <p>&nbsp;</p>  <div>   <table border="0" cellspacing="0" cellpadding="1" class="prnbcc">    <tbody>     <tr>      <td class="prnpr2 prnpl2 prnvab prntar prncbts prnbrbrs prnbbbs prnbsbls" colspan="1" rowspan="1" nowrap="nowrap"><br /></td>      <td class="prngen3" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">As of December 31, 2023<br />(in RMB)</span></p> </td>      <td class="prngen3" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">As of December 31, 2022</span></p> </td>      <td class="prngen3" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">As of December 31, 2021</span></p> </td>     </tr>     <tr>      <td class="prngen4" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">Total assets</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">54,245,929,430.61</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">38,358,001,211.15</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">29,636,736,310.32</span></p> </td>     </tr>     <tr>      <td class="prngen4" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">Net assets attributable<br />to equity holders</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">15,208,422,344.15</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">9,360,934,883.33</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">8,478,633,433.49</span></p> </td>     </tr>     <tr>      <td class="prnpr2 prnpl2 prnvab prntar prnsbtb1 prnbrbrs prnbbbs prnbsbls" colspan="1" rowspan="1" nowrap="nowrap"><br /></td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">2023 (in RMB)</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">2022</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">2021</span></p> </td>     </tr>     <tr>      <td class="prngen4" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">Revenues</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">35,326,804,378.95</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">29,384,723,133.68</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">18,830,724,181.12</span></p> </td>     </tr>     <tr>      <td class="prngen4" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">Net profit attributable to <br />equity holders</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">1,363,281,088.79</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">934,976,466.28</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">43,317,260.05</span></p> </td>     </tr>     <tr>      <td class="prngen4" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">Net profit attributable to <br />equity holders after <br />deduction of non-<br />recurring profit or loss</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">1,582,641,345.52</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">1,015,980,459.29</span></p> </td>      <td class="prngen5" colspan="1" rowspan="1" nowrap="nowrap"><p class="prnml4"><span class="prnews_span">648,132,577.21</span></p> </td>     </tr>    </tbody>   </table>  </div>  <p>&nbsp;</p>  <p><b>About Risen Energy</b></p>  <p>Risen Energy, established in 1986 and publicly listed in 2010, is a global Tier 1, &quot;AAA&quot; credit-rated solar photovoltaic product manufacturer and power generation solutions provider. Renowned for techno-commercial innovation, top-quality products, and strong support, the Company's Solar PV solutions are powerful and cost-effective.</p>