TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED

TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED, known locally as CÔNG TY TNHH PHÁT TRIỂN NĂNG LƯỢNG TRINA SOLAR, is a prominent player in the renewable energy sector, specializing in the manufacturing of photovoltaic (PV) modules and panels. Established on October 22, 2020, the company has quickly risen to become a key contributor to Vietnam’s growing solar energy industry. Headquartered at Lot CN-14, Yen Binh Industrial Park in Thai Nguyen Province, TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED is strategically located to support its manufacturing operations and distribution networks. The company’s Tax Identification Number (TIN) is 4601564745, which is used for all tax-related transactions and compliance in Vietnam.

Financial Performance and Growth

As of December 31, 2023, TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED boasts total assets of USD 693.67 million, reflecting a year-on-year growth of 14.85%. The company’s owner’s equity stands at USD 230.12 million, marking an impressive 95.14% increase from the previous year. TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED generated USD 1.06 billion in sales for the fiscal year 2023, representing a 16.37% increase compared to 2022. The company’s profit for the year was USD 112.02 million, a remarkable 123.05% increase from the previous year.

The company’s financial performance over the past three years shows exponential growth in total assets, owner’s equity, sales, and profit. Total assets grew from USD 316.70 million in 2021 to USD 693.67 million in 2023. Owner’s equity also saw a significant increase, rising from USD 67.46 million in 2021 to USD 230.12 million in 2023. Sales and profits have experienced dramatic growth, with sales increasing from USD 270.08 million in 2021 to USD 1.06 billion in 2023, and profits rising from USD 8.90 million in 2021 to USD 112.02 million in 2023.

Leadership and Ownership

TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED is led by Chairman Mr. Zhang Yanfei, a Chinese national, and General Director Mr. Chen Shouchung, a Taiwanese national. The company is a wholly-owned subsidiary of Trina Solar Energy Development Pte. Ltd., based in Singapore. This strong international backing has enabled TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED to leverage global expertise and cutting-edge technology in the solar energy sector, while tailoring its operations to the Vietnamese market.

Business Activities and Market Position

TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED’s core business activities revolve around the manufacturing of PV modules and panels, which are essential components in solar energy systems. The company is at the forefront of Vietnam’s renewable energy transition, providing high-quality solar products that cater to both domestic and international markets. With a focus on innovation and sustainability, TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED has established itself as a trusted provider in the global solar energy industry.

The company’s charter capital is USD 62.49 million, with a paid-up capital of USD 61.38 million as of December 31, 2023. This strong capital base underscores TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED’s financial stability and its ability to meet its obligations to customers and stakeholders.

Employee Base and Operational Reach

TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED employs 1,530 people, reflecting its commitment to creating jobs and contributing to the local economy. The company’s state-of-the-art manufacturing facility in Thai Nguyen Province ensures that it can efficiently produce and distribute its solar products across Vietnam and beyond.

Vanguard Business Information LLC (VBI)

The report on TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED was provided by Vanguard Business Information LLC (VBI), a global leader in business intelligence and risk management. VBI provides detailed company reports on more than 80 million companies worldwide, offering insights into financial performance, ownership structures, and market positioning. VBI’s services are essential for businesses seeking to navigate complex regulatory environments and manage financial risks effectively. Key keywords associated with VBI’s risk management services include compliance monitoring, financial risk assessment, credit risk analysis, and market intelligence. For more information, visit VBI’s website at https://www.vnbis.com.

Conclusion

TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED has solidified its position as a leading player in Vietnam’s renewable energy sector, backed by strong financial performance, international expertise, and a commitment to sustainability. With exponential growth in assets, equity, sales, and profits, TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED is well-positioned to continue its growth trajectory and contribute to the global transition to clean energy.

For more information, visit TRINA SOLAR ENERGY DEVELOPMENT COMPANY LIMITED’s official website or contact their head office in Thai Nguyen Province.