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Solargiga's 2020 Shipment Climbs 64.8%, Boosting Revenue by 36.8% to RMB6,050 Million

星期四, 四月 1, 2021 - 7:16am

Total shipment volume increased notably by 64.8% to 6,811MW in 2020, boosting the Group's revenue up by 36.8% to approximately RMB6,050 million.

Key Points: 
  • Total shipment volume increased notably by 64.8% to 6,811MW in 2020, boosting the Group's revenue up by 36.8% to approximately RMB6,050 million.
  • Earnings before interest, taxes, depreciation, and amortization (EBITDA) reached approximately RMB276 million (2019: RMB49.1 million), representing a notable increase of 461.8%.
  • Moreover, the Group recorded a one-off asset impairment loss of RMB68.6 million from the elimination of outdated solar cell production lines.
  • During the year, net cash inflow from operating activities grew continuously to RMB560 million (2019: RMB410 million), representing an increase of 37.4%.