Cumulative loss of 14.5 billion in 12 years! Net profit of Sunshine Power rose 383.55% in the first half of the year, with an investment loss of 5.1 billion yuan?

Sunshine power with its strength to explain what is called, the great cause of the family is not bad money.

On August 24, the leading photovoltaic storage inverter announced its semi-annual report for 2023. The company achieved revenue of 28.622 billion yuan in the first half of the year , an increase of 133.06% over the same period last year; The net profit attributable to shareholders of listed companies was 4.354 billion yuan, an increase of 383.

No wonder Cao Renxian, chairman and president of the company, expressed his confidence in the company's future development and recognition of the company's value in the announcement of share repurchase the day before the semi-annual report was issued. Since its establishment in 1997,

Sunshine Power has been focusing on main business pattern of inverter, energy storage and new energy investment and development. Among them, as a competitive product of the company, according to S & P's global photovoltaic inverter enterprise shipment list in 2022, Sunshine Power ranked first in the world with 77 GW. In the first half of

2023, the photovoltaic inverter products of Sunshine Power achieved revenue of 11.624 billion yuan , accounting for 40% of the total revenue.

In the first half of the year, the gross profit margin of inverters reached 39.5%, representing a year-on-year increase of 8. According to the analysis of Soochow Securities, it was mainly due to price stability + tight ground supply + scale effect + downward freight + exchange rate factors. It is expected that the development and operation of 2000V high-voltage inverters of the Company will further help the Company reduce costs and increase efficiency.

Since the second half of 2022, the company's energy storage business has opened up the situation of double explosion of revenue and profit, and the company's energy storage sector has grown into an important growth pole beyond inverters. Benefiting from the explosive growth of energy storage demand this year, the company's energy storage system achieved revenue of 8.523 billion yuan in the first half of the year, an increase of 257.

Although the new energy investment and development business is growing rapidly, its profit is general, with revenue of 7.56 billion yuan, but the cost is as high as 6.688 billion yuan, and the gross interest rate is only 11.53%. Year-on-year decline -4.

In the first half of 2023, the price of energy storage batteries declined synchronously with the price of lithium carbonate, and the company's reserve for impairment of raw material inventory rose from 86.7552 million in 2022 to 1.

In the first half of the year, the cash flow generated by the company's investment activities was -5.144 billion yuan , with a change ratio of -6454.27% . We should know that the company's net profit rose 383.55% year on year. First half net profit is only 43.

, but after sorting out the digital new energy DNE, it is found that since the company went public in 2011, In addition to achieving 345 million earnings in 2022, the net cash flow generated by investment activities in the first half of this year was negative in the other 11 years. Company's accumulated losses over 12 years 145.

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