DeYe Co., Ltd. reported a net profit of 2.952 billion yuan for 2024, representing a year-on-year increase of 64.8%. The company disclosed its performance summary on the evening of April 14, 2025, revealing an operating revenue of 11.195 billion yuan, a 49.67% increase compared to the previous year. The net profit attributable to the parent company reached 2.952 billion yuan, with a 54.68% increase in net profit excluding non-recurring items, amounting to 2.867 billion yuan. The basic earnings per share stood at 4.75 yuan, and the weighted average return on equity was 39.14%.
As of April 14, 2025, based on the closing price, DeYe's current price-to-earnings ratio (TTM) is approximately <b>18.98</b>, the price-to-book ratio (LF) is around <b>6.05</b>, and the price-to-sales ratio (TTM) is about <b>6.11</b>.
On April 18, 2025, Guangdong Construction announced that its <b>100MW photovoltaic project</b> in Lanzhou New Area has successfully connected to the grid. This project is managed by its wholly-owned subsidiary, Guangdong Hydropower Second Engineering Bureau Group Co., Ltd.
On the same day, Liansheng Technology announced that its subsidiary signed a framework contract for the sale of heterojunction solar cells amounting to over <b>200 million yuan</b>.
JinkoSolar reported that as of 2024, its owned power generation capacity reached <b>6,448MW</b>, reflecting a growth of approximately <b>20%</b>. However, the new installed capacity connected to the grid decreased by about <b>20%</b> compared to 2023.
Another report from Zhaoxin Co., Ltd. indicated that by the end of 2024, it had accumulated a grid-connected photovoltaic installed capacity of about <b>131.82MW</b> across several provinces including Anhui, Jiangxi, Zhejiang, Ningxia, and Sichuan.
Additionally, Delixi Co., Ltd. announced that its production line for photovoltaic glass raw materials has halted operations, with sales revenue for this segment reaching <b>265 million yuan</b> and a gross profit margin of -<b>24.44%</b>.
Shenzhen Energy reported an installed photovoltaic generation capacity of <b>837MW</b> for new projects launched in 2024, generating a net profit of <b>2.005 billion yuan</b>.
As of April 16, 2025, silicon material prices showed a slight decline due to weakened demand, with the mainstream transaction price for N-type materials around <b>41 yuan/kg</b>.
JinkoSolar's annual report indicated a net profit of <b>324 million yuan</b> for 2024, with a proposed cash dividend of <b>0.279 yuan</b> per share.
Despite challenges in the photovoltaic industry, companies like Laplace reported strong performance, with a revenue of <b>5.728 billion yuan</b> for 2024, marking a year-on-year increase of <b>93.12%</b>.
Furthermore, Zhongjin Bo reported a net profit growth of <b>83%</b> for 2024, achieving revenues of <b>9.026 billion yuan</b>.
China Nuclear Technology announced a net profit of <b>229 million yuan</b>, reflecting a growth of <b>3.29%</b>, while China Huadian initiated a share buyback plan to bolster its stock value.
China Guodian Power reported a net profit increase of over <b>70%</b> for 2024, with a revenue of <b>179.182 billion yuan</b>.
Haitian Co., Ltd. registered a net profit growth of <b>26%</b>, continuing to expand its photovoltaic business.
In the most recent developments, South Africa plans to add <b>5GW</b> of renewable energy annually, and Vietnam's latest energy plan emphasizes short-term solar energy and long-term nuclear power.
In summary, the photovoltaic market is witnessing robust demand, with numerous companies reporting significant growth in both revenue and profits for 2024.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/de-ye-co-reports-64-8-increase-in-net-profit-to-2-952-billion-yuan-for-2024/
