-- CSI Solar's (SHA:688472) net profit attributable to shareholders in the first quarter skyrocketed 999% to 519.4 million yuan from 47.3 million yuan a year earlier, according to a Shanghai bourse filing on Tuesday.
Earnings per share surged 1,300% year on year to 0.14 yuan from 0.01 yuan.
The company attributed the profit growth to the recognition of the refundable IEEPA taxes during the period.
Operating revenue fell 17% to 7.13 billion yuan from 8.59 billion yuan in the preceding year.
The solar technology company's shares jumped 7% during the afternoon trade.