On August 2, Xiangxin Technologies announced that it had recently received a letter of acceptance from a head customer of photovoltaic inverters and energy storage (according to the confidentiality agreement with the customer, the specific name of the customer could not be disclosed). Confirmed that the Company is a supplier of energy storage structural parts, industrial and commercial inverter assembly and structural parts projects, with an estimated total project amount of RMB9-10 billion and a project cycle of 2-4 years.
Data show that in 2022, Xiangxin Technologies achieved annual revenue of 1.149 billion yuan and net profit of 257 million yuan, which means that the order will have a sustained positive impact on the company's revenue in the next 2-4 years.
Xiangxin Technologies said that the company's winning bid letter once again reflects the customer's recognition of the company's R & D, technology and production capacity, which is conducive to improving the company's future business performance.
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