Brief Introduction

Trina Solar Co., Ltd (hereinafter referred to as “Trina Solar”, “Company” or “the Company”) was established on 26 December 1997. On 10 June 2020, the Company was listed on the SSE STAR Market successfully.

The principal business structure of the Company includes photovoltaic products, photovoltaic systems and smart energy. The photovoltaic products business includes research and development, manufacture and sales of monocrystalline silicon-based photovoltaic modules; the photovoltaic systems business includes power station business and construction and management of photovoltaic power station projects,etc.; smart energy business includes photovoltaic power generation, operation and management of photovoltaic power station, research and sales of smart micro grid and multi-energy systems, and operation of energy cloud platform, etc.

The Company has always put customer’s demands at the center and upheld the business philosophy of creating value for customers. Dedicated to the R&D and mass production ofinnovative technologies, accelerating KWH cost reduction, further responding to the country’s "14th Five Year Plan", peaking carbon dioxide emissions and achieving "carbon neutrality" ,

Trinasolar is able to contribute to the clean and low-carbon energy transformation and green development. According to the phased demand of industry development, The Company, in cooperation with partners making silicon wafers and cells, launched 210 mm large-size silicon wafers, cells, and modules and initiated the founding of "Innovative and Open Eco-alliance for 600W+ Products", which has improved the supply pattern for all stakeholders of the photovoltaic industry chain and contributed to the decline of investment cost per watt for downstream power stations again. In doing so, LCOE (Levelized Cost of Energy) was decrease once again, which expedited the coming of "gird parity”.

With the arrival of “grid parity” era, every part of the industrial chain will be involved in a transformation. Trinasolar, through the capacity expansion, will further strengthen the supply ability of solar cells and modules to meet the growing demand of downstream market for efficient solar energy modules, and continuously consolidate and promote its leading position in the global solar industry; on the other hand, the core technologies and achievements in the field of solar cell can also be used for industrial application in a larger scale to further improve product quality, increase the conversion efficiency of mass production of cells to more than 23%, and reduce production cost. Through quality and efficiency improvement, transformation and upgrading, technologies and products can be upgraded to effectively cope with the opportunities and challenges brought by changes in the new era.

Company Overview

Full name Trina Solar Co., Ltd.
Abbreviations Trina Solar
Code 688599
Founded 1997-12-26
Listing 2020-06-10
Domicile Changzhou, Jiangsu
STAR Theme New Energy
CSRC Sector Electrical machinery and equipment manufacturing industry
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 0.64 0.36 0.32
R&D expenditure as a % of operating revenue 5.54% 5.71% 3.86%
Operating Revenue 29,417.97 23,321.70 25,054.04
Net Income 1,233.14 702.25 572.74

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 29,417.97 23,321.70 25,054.04
Operating Costs 24,718.99 19,253.89 21,222.14
Operating Income 1,433.44 837.29 573.52
Pretax Income 1,406.89 869.81 713.90
Income Tax 173.75 167.57 141.15
Net Income 1,233.14 702.25 572.74

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 28,316.72 22,332.15 18,780.67
Non-current Assets-Total 17,275.74 13,950.86 10,826.94
Total Assets 45,592.46 36,283.02 29,607.61
Current Liabilities-Total 24,245.21 19,507.32 14,732.08
Non-current Liabilities-Total 5,646.46 4,077.27 2,833.34
Total Liabilities 29,891.68 23,584.59 17,565.42
Stockholder's Equity
Share Capital 2,068.02 10,989.97 10,845.45
Retained Profits 1,851.90 966.33 460.45
Minority Interests 619.60 742.12 689.37
Total Owners' Equity 15,700.78 12,698.42 12,042.19

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 2,997.55 5,241.30 4,079.09
Net Cash Flows-Investing -3,987.93 -5,199.64 -1,822.57
Net Cash Flows-Financing 1,662.21 1,105.59 -2,515.78

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Mr.Gao Jifan 351.57 17.00%
Jiangsu Panji Investment Co., Ltd. 316.41 15.30%
Xingyin Growth Capital Management Co., Ltd. 310.96 15.04%
Hangzhou Hongyu Investment Management Co., Ltd. 105.47 5.10%
XinyuRongqi Investment Management Co., Ltd. 89.65 4.34%
DangtuXinshi Emerging Industry Fund  (Limited Partnership) 87.89 4.25%
Ningbo Meishan Bonded Port Area Jingmin Investment Co., Ltd. 84.20 4.07%
Zhuhai Qisheng Investment Management Co., Ltd. 59.77 2.89%
Trinagroup Investment Co.,Ltd. 45.34 2.19%
Shanghai Xingjing Investment Management Co. Ltd. 40.43 1.96%
As of 2021-04-29

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