On March 11, the Shanghai Stock Exchange announced that the IPO request of Trina Solar (“Trinasolar”) had been approved by the 4th annual Science and Technology Innovation Board review meeting of 2020.
Founded in 1997, Trina was one of the earliest solar companies in China to list on the New York Stock Exchange. Over the past two decades, the company has set world records twenty times based on the State Key Laboratory of Photovoltaic Science and Technology. According to PV InfoLink’s 2019 module shipment rankings, Trina’s global shipments exceeded 10GW, placing third in the world.
In 2019, the company realized revenue of RMB 23.376 billion and achieved a net profit of RMB 702 million, a 22.61% year-on-year increase. This performance increase in 2019 was mainly due to the company’s growing module and photovoltaic power station EPC business. The strength of Trina’s overseas power plant business and new businesses such as TrinaPro also contributed greatly to the results.
On January 22, 2020, Trina announced that its first batch of large-size 210mm silicon wafer modules had been formally rolled off the company's production line. On February 27, the company held a new product global online press conference, officially launching its latest Duomax V bifacial double-glass module and Tallmax V back sheet, based on the 210mm large-size silicon wafer and monocrystalline PERC cell.
As one of the earliest Chinese solar energy companies to list on the NYSE, Trina Solar’s successful entry to domestic capital markets was made possible due to its trusted reputation. Trina will continue to promote the leading advantages of PV products in providing intelligent energy solutions and reinforce its total dedication to the development of solar energy.