Deye Technology's H1 Profit Rises 23%, Revenue Climbs 17%

MT Newswires Live08-26

Ningbo Deye Technology Group's (SHA:605117) net profit attributable to shareholders in the first half climbed 23% to 1.52 billion yuan from 1.24 billion yuan a year earlier, according to a Shanghai bourse disclosure on Tuesday.

The Chinese solar inverter manufacturer's earnings per share increased year on year to 1.68 yuan from 1.46 yuan.

Operating revenue rose 17% to 5.54 billion yuan from 4.75 billion yuan in the preceding year.

The company's shares declined 2% during the afternoon trade.

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