On March 28, the Listing Review Committee of the Shanghai Stock Exchange announced the results of the 18th review meeting in 2023. Zhejiang Arrow Network Energy Technology Co., Ltd. (IPO): meets the issuance conditions, listing conditions and information disclosure requirements.
According to the prospectus, Arrow Energy intends to raise 809 million yuan in this sprint IPO, mainly for the expansion of energy storage batteries and inverters, and the construction of optical storage intelligent energy research and development centers.
It is understood that Arrow Energy is a provider of photovoltaic energy storage systems and products, mainly providing photovoltaic energy storage inverters, energy storage batteries and grid-connected inverters for overseas customers, which are used in distributed photovoltaic energy storage and grid-connected fields.
According to public documents, in 2019-2021, Arrow Energy realized revenue of 388.6 million yuan, 389.1 million yuan and 833 million yuan respectively, and net profit of 134000 yuan, 33.0643 million yuan and 62.9359 million yuan respectively in the same period. Major Performance of
Arrow Energy
in 2022 In 2022, Arrow Energy achieved an operating income of RMB4,611.7955 million, representing a year-on-year increase of 453.86%, and a net profit attributable to the owners of the parent company of RMB1,132.6542 million, representing a year-on-year increase of 1,699.69%.
Referring to the reasons for last year's soaring performance, Arrow Energy said that the main reason was the high prosperity of the European household energy storage market, and the company's sales of household energy storage system products maintained a good growth trend.