Under this contract, Vikram Solar will supply its advanced Hypersol N-Type TOPCON Glass-to-Glass Modules (580Wp and above) to fulfill the order. The modules are specifically designed to deliver enhanced efficiency, making them ideal for large-scale solar installations.
Dual growth in both gross profit and net profit was also achieved, as the Group experienced a significant improvement in the gross profit margin of the solar glass segment in the second half amid better supply and demand dynamics. In 2023, the Group''s consolidated revenue increased 29.6% year-on-year (" YoY ") to HK$26,628.8 million.
Together with the interim dividend of 7.5 HK cents, the full-year dividend is 22.5 HK cents, with a dividend payout ratio for the year of 47.8% (2022: 46.6%). Business Review Solar Glass Business – Rapid Revenue Growth Driven by Capacity Expansion and Strong Market Demand
The increase in production capacity, coupled with the accelerated growth of downstream PV demand and increased sales of thin glass products, contributed to the rapid increase in the Group''s total solar glass sales volume (in terms of tonnage) in 2023, which rose 49.3% YoY.
Our solar power systems and energy storage products are engineered for reliability, safety, and efficient deployment. All systems include comprehensive monitoring and control systems with remote management capabilities.
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