Solar power plant Moody's (6244) announced its Q1 revenue and operation status on April 15, 2022 in a press conference. Q2 revenue of 1.01 billion was roughly the same as last year, down 29.7% from the previous quarter; gross profit of 85 million was down 50.0% year-on-year. The company said that due to the favorable environment for the development of green energy and the support of the policy, the overall operating condition this year will be better than the previous quarter.

With the support of government policies, revenue in the second half of the year is expected to be better than the first half.
Through the capital expenditure in 2021, the company's investment in equipment and solar power plants has been effective this year, Q1 government tenders to get about 30MW of installation capacity, is expected to be completed by the end of the year and listed in Q1 2023, the co-generation of fish and electricity project has also begun to carry out, has signed a contract of 10MW, is expected to continue to increase the related business in the second half of the year.

In the face of the escalating epidemic, the company responded proactively to avoid being affected.
In response to the rising Q1 billion, the company has continued to ensure the shipment capacity by streaming, regionalization and factory division, and there is no problem on the production side at present. However, compared with the internal control factors, the raw materials and logistics in China were affected by the closure of the city, and the inventory turnover of the company was maintained at around 51 days.