Comtec records Q1 net profit of ¥83.5 million

April 20, 2011
Facebook
Twitter
LinkedIn
Reddit
Email

Monocrystalline wafer manufacturer Comtec Solar Systems has recorded ¥83.5 million (US$12.8 million) net profit during the first quarter of 2011. This was a huge 311.1% rise on the Q1 2010 number and highlighted an impressive set of unaudited figures for the opening three months of the year.

Total turnover for the Chinese firm over the period came in at ¥317.9 million (US$48.7 million) – a 60.3% rise on the 2010 figure – with a gross profit margin of 30.5%. This strong financial performance was chiefly driven by rising demand and prices for Comtec’s wafers, with the former being aided by increased production capacity.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Following the outstanding results in Q4 2010, the group continues to deliver excellent performance,” Comtec’s CEO, John Zhang, said. “Our experienced management and strong R&D team has continuously secured strong demand for our high-quality wafers while we are able to keep production costs very competitive. This enables us to maintain strong profit margin with the strong market demand and our fast expanding capacity, we look forward to achieving excellent performance in 2011.”

Read Next

October 21, 2025
Leading Chinese solar manufacturer Trinasolar has signed a module supply agreement with Malaysian renewable energy developer Mestron Energy.
Premium
October 21, 2025
PV Tech Premium spoke with academic and industry experts about the rising tide of cybersecurity concerns in Europe's solar energy sector.
October 21, 2025
Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.
October 21, 2025
Australia's solar-plus-storage sector gained momentum with 725MW of solar PV approvals advancing across New South Wales and Queensland.
October 21, 2025
Luminous Robotics has successfully completed its first international deployment of AI-powered solar installation robots at Engie’s 250MW Goorambat East Solar Farm in Victoria, Australia.
October 21, 2025
An independent panel has granted resource consents for the 179MW Glorit Solar Farm in Auckland, New Zealand.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK