CECEP Solar: Q1 Net Profit Expected to Increase by 41.48% to 56.78% Year-on-Year from 370 Million to 410 Million

On April 12, CECEP Solar issued a performance forecast for the first quarter of 2023, and the company expects its performance to rise sharply from January to March 2023. Net profit attributable to shareholders of listed companies is 370 million to 410 million , net profit increased by 41.48% to 56.78% year-on-year, and basic earnings per share is expected to be 0.0946 to 0.1049 yuan.

The Company made the above forecast based on the following reasons: firstly, the installed capacity of the Company increased and the Company strengthened the operation and maintenance management, resulting in an increase in power generation; secondly, the Company strengthened the capital management, achieved remarkable results in cost reduction and efficiency enhancement, resulting in a decrease in financial costs; thirdly, the sales volume of the manufacturing segment increased and the profitability enhanced.