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Risen Energy Reports Brilliant 2023 Earnings with $4.87 Billion Revenue, Up 20.22%



NINGBO, China, May 8, 2024 /PRNewswire/ — Risen Energy Co., Ltd. (“the Company”), a globally leading manufacturer of high-performance solar photovoltaic products, has announced its outstanding financial results for 2023, demonstrating significant growth and technological advancements in the solar industry.

According to its latest annual report, in 2023, Risen Energy clocked up approximately 35.33 billion RMB (US$4.87 billion) in revenue, up 20.22% year-on-year. The Company’s net profit after deduction of non-recurring profits or losses rose to 1.58 billion RMB (US$218 million) in 2023, marking a 55.77% year-over-year increase. Risen Energy’s net assets attributable to equity holders expanded by 62.47% to reach 15.2 billion RMB (US$2.09 billion) in 2023.

Risen Energy has achieved various significant milestones over the last year. Here are a few highlights:

  • Technological achievements:
    • Risen Energy has made significant strides in n-type technology and large-size high-efficiency module technologies. The Company set a new record efficiency rate of 23.9% for its heterojunction (HJT) Hyper-ion Modules in 2023, with a projected production capacity of 21GW by 2024. Risen Energy’s innovations include the development of 0BB cell technology, 210 ultra-thin silicon wafer technology, pure silver consumption<7mg/W and Hyper-Link technology. The Company was the first in the industry to put such technological breakthroughs into mass production.
    • In 2023, Risen Energy obtained multiple international certifications, including the first TÜV SÜD global certificate for 210 HJT high-efficiency ultra-thin modules.
    • Also in 2023, Risen Energy developed and owned 740 patent technologies, with 172 new patents authorized during the year.
    • The Company published several whitepapers as it continued to lead the industry. In August 2023, Risen Energy released its highly-anticipated research paper “Development and Application of Low-silver Metallization Paste,” and in December, the Company published “Development and Industrial Application of Ultra-thin Silicon Wafers” — setting strong benchmarks for the industry.
  • Product Applications:
    • For residential and C&I rooftops, Risen Energy’s Super Energy Series products have shown superior performance and installation convenience. Such products strengthened the Company’s position in technological innovation and industrial application.
  • Energy Storage:
    • Risen Energy also stood out in the field of energy storage. Leveraging its dual-energy storage industrialization platform and its professional research and development team, the Company has achieved full-stack self-development and closed-loop management of “3S” (BMS/PCS/EMS) technologies. Risen Energy’s independently developed liquid-cooled battery energy storage system was the first in China to be certified by both Chinese and American UL9540A standards.
  • Environmental, Social, and Governance (ESG):
    • In Risen Energy’s latest ESG report, the Company noted that it has obtained the SA8000 certification. Risen Energy has increased its clean energy usage to 31,320,210 kWh, up 9.4% year-on-year. It has also purchased 6,424,000 kWh of green electricity, and set a new low in the French carbon footprint certification at 376.5 kg eq CO2/kWc — thanks to the Company’s HJT module product.


As of December 31, 2023
(in RMB)

As of December 31, 2022

As of December 31, 2021

Total assets




Net assets attributable
to equity holders




2023 (in RMB)







Net profit attributable to
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Net profit attributable to
equity holders after
deduction of non-
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About Risen Energy

Risen Energy, established in 1986 and publicly listed in 2010, is a global Tier 1, “AAA” credit-rated solar photovoltaic product manufacturer and power generation solutions provider. Renowned for techno-commercial innovation, top-quality products, and strong support, the Company’s Solar PV solutions are powerful and cost-effective.

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Cboe Europe Derivatives Welcomes Interactive Brokers as New Trading Participant



  • Interactive Brokers joins Cboe Europe Derivatives (“CEDX”) and will provide its clients with access to the exchange’s suite of pan-European equity derivatives in the current quarter
  • The global electronic broker has become a direct trading participant of CEDX and clearing participant of Cboe Clear Europe N.V.
  • CEDX recently expanded its range of equity options and now offers contracts on over 300 European companies

AMSTERDAM and LONDON, May 22, 2024 /PRNewswire/ — Cboe Europe Derivatives (CEDX), Cboe’s pan-European equity derivatives marketplace, today announces that Interactive Brokers has successfully joined the exchange as a participant and will provide its clients with access to CEDX’s range of equity index derivatives and equity options in the current quarter. Interactive Brokers has become a direct trading participant on CEDX and a direct clearing participant for equity derivatives on Cboe Clear Europe N.V., Cboe’s leading pan-European clearing house and CEDX’s clearing provider.

Iouri Saroukhanov, Head of European Derivatives, Cboe Europe, said: “We are thrilled to welcome Interactive Brokers to CEDX, which represents a significant milestone in the exchange’s journey to improve the ability of retail investors to gain access to and benefit from European derivatives, particularly options. Their participation demonstrates the need for more efficient European derivatives markets, which CEDX is helping to create by offering a simpler, lower cost and pan-European approach to trading and clearing to lower barriers to entry for institutional and retail investors. Interactive Brokers has been a strong collaborator to our successful US options markets for many years, and we look forward to strengthening this collaboration with them in Europe to help improve and grow derivatives markets in the region.”

Milan Galik, Chief Executive Officer at Interactive Brokers, said: “We are pleased to introduce access to CEDX, and give our clients an additional way to trade European derivatives alongside our existing global stocks, options, futures, currencies, bonds, funds and more from a single unified platform. With the addition of CEDX’s extensive European equity options and index derivatives, our clients now enjoy enhanced choice and flexibility, enabling them to manage their European investments more effectively.”

CEDX launched in September 2021, initially offering trading in futures and options based on key Cboe Europe single country and pan-European indices, with clearing provided by Cboe Clear Europe. N.V. The exchange has been designed to promote on-screen liquidity and offers a single access point to pan-European equity derivatives products, creating significant operational and capital efficiencies to participants.

CEDX expanded into equity options in November 2023, and broadened its universe of these products during Q1 2024. It now offers more than 300 options on companies from 14 countries (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland and the UK). These products amount to more than 90% of current ADV and open interest for the top 600 European equity options, as of April 2024. The complete list of underlying stocks is available here. To align with client readiness to trade these products, CEDX initiated its first Liquidity Provider (LP) Programme for equity options on April 1, which also applies to its index options contracts.

CEDX’s equity options are cleared by Cboe Clear Europe N.V., which permits the use of underlying stocks as collateral to provide offsets against matched equity option positions, delivering a potential initial margin reduction for a covered call position of around 70%, according to estimates by Cboe Clear Europe N.V. Furthermore, stock settlement (on options exercise and assignment) takes place in domestic Central Securities Depositories (CSDs), removing unnecessary costs and allowing for settlement netting with relevant cash equities transactions.

Further information about CEDX’s equity options products is available here.

About Cboe Global Markets, Inc.

Cboe Global Markets (Cboe: CBOE), a leading provider of market infrastructure and tradable products, delivers cutting-edge trading, clearing and investment solutions to market participants around the world. The company is committed to operating a trusted, inclusive global marketplace, providing leading products, technology and data solutions that enable participants to define a sustainable financial future. Cboe provides trading solutions and products in multiple asset classes, including equities, derivatives, FX and digital assets, across North America, Europe and Asia Pacific. To learn more, visit

­­­Media Contacts

Analyst Contact

Tim Cave

Angela Tu

Kenneth Hill, CFA

+44 (0) 7593 506 719



[email protected] 

[email protected] 

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Cboe®, Cboe Volatility Index®, VIX® and Cboe Global Markets® are registered trademarks of Cboe Exchange, Inc. All other trademarks and service marks are the property of their respective owners.

Cautionary Statements Regarding Forward-Looking Information

Certain information contained in this press release may constitute forward-looking statements. We caution readers not to place undue reliance on any forward-looking statements, which speak only as of the date made and are subject to a number of risks and uncertainties.

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UK challenger GB Bank lands £85m investment





GB Bank, a specialist property finance bank based in Middlesbrough, UK, has secured an £85 million investment from new backer Hera Holdings and existing shareholder the Teesside Pension Fund.

Over the next 12 months, Hera Holdings is investing an initial £40 million into the bank, with an additional £40 million earmarked for investment throughout 2025 and 2026.

Meanwhile, the Teesside Pension Fund, which serves as the Local Government Pension Scheme for local authority employees in the Teesside region, is contributing an additional £5 million to the funding round.

Founded in 2017, GB Bank provides financing solutions for commercial and residential property developments in underserved areas of the UK.

The bank, which secured its full banking licence in the summer of 2022, claims to have approved “more than £80 million in loans to support over 100 property projects in locations from Northumberland to the south coast”, while also attracting “over £300 million in deposits from savers” for its fixed-term and instant access accounts.

GB Bank anticipates that the cash injection will drive “extensive growth” for the company, with plans to expand its customer base to include portfolio landlords, expatriates, and foreign nationals.

Specifically, the challenger bank states that the investment will enhance its lending capabilities, allowing it to offer funding of up to £10 million and up to 80% Loan To Value.

Moreover, GB Bank expects that the expansion will boost its capacity for commercial owner-occupier and investment mortgages as well as for its commercial and residential bridging solutions.

The bank projects that the new investment will allow it to increase its lending to £500 million over the next 12 months. As part of this growth, it intends to expand its team and infrastructure, with plans to double its current workforce this year.

Earlier this year, the company appointed industry veteran Mark Sismey-Durrant as its new chair.


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Teal secures $8M seed funding for groundbreaking accounting solution




Teal has announced a significant milestone in its journey to transform SMB accounting with the closure of an $8 million seed funding round.

According to TechFundingNews, the company, which focuses on providing accounting infrastructure for Vertical SaaS businesses, aims to address the critical need for integrated financial solutions within various platforms.

Founded by industry veterans Ian Crosby and Adam Saint, Teal stands out in the FinTech landscape for its unique approach to accounting services. Leveraging their expertise from founding Bench Accounting and working at Shopify, Crosby and Saint have developed a platform that empowers Vertical SaaS businesses to offer customised accounting suites to their SMB customers.

One of the key challenges faced by SMBs is the lack of seamless accounting solutions integrated into their core business platforms. Teal aims to bridge this gap by equipping companies with the necessary APIs and tools to build their own accounting offerings. This enables SMBs to access crucial insights such as real-time cash flow, per-product profitability, and streamlined tax filing processes.

Teal’s comprehensive suite of out-of-the-box tools enables Vertical SaaS companies to launch their accounting platforms swiftly, often in as little as four weeks. These tools include fully functioning app code repositories and seamless data integrations with external sources like Plaid, enhancing the overall user experience for SMBs.

According to Ian Crosby, Co-Founder and CEO of Teal, the company’s vision is to become the “Stripe for accounting,” providing the foundational infrastructure for Vertical SaaS companies to embed accounting features seamlessly. By integrating accounting software directly into their platforms, businesses can enhance customer engagement and drive adoption of financial services features.

The significance of Teal’s innovative approach has not gone unnoticed in the investment landscape. Torch Capital, a leading investor in tools and platforms for SMBs, led the recent $8 million seed funding round. Partner Katie Reiner expressed enthusiasm for Teal’s mission to revolutionize the SMB accounting space, citing the dire need for intuitive and streamlined accounting tools.

In an era where embedded finance is gaining traction, Teal’s commitment to offering tailored accounting solutions signifies a promising step towards empowering SMBs with the financial tools they need to thrive in today’s competitive landscape.


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