PV profits surge amid high orders, lower costs

Thanks to rising market demand and lower prices for upstream silicon materials, leading photovoltaic companies are anticipating a doubling of their net profits in the first half, with an increased contribution from exports.

Jinko Solar Co, a major domestic PV company, recently revealed its half-year performance forecast and projected its net profits to soar at least threefold year-on-year to reach 3.66 billion yuan ($512.4 million) or more.

The company attributed the surge to strong global demand for PV facilities and its efforts in coping with price fluctuations, exchange rates and international trade policies.