Up 206.34%! Inverter giant throws out performance pre-increase to protect the market

10, inverter giant Deye announced its performance forecast for the first half of 2023.

It is estimated that the net profit attributable to the parent company will be 1.3 billion to 13.80 billion in the first half of 2023. Compared with the same period last year, it will increase by 850 million to 930 million. 188.58 to 206.34 percent.

It is estimated that the non-net profit deducted in the first half of 2023 will be 1.425 billion to 1.505 billion yuan , an increase of 986 million yuan to 1.066 billion yuan compared with the same period last year. Year-on-year increase of 224.46% -242.67% .

The company said that in the first half of 2023, the market demand for household energy storage in Asia, Africa and Latin America continued to explode, and the company's sales revenue of household energy storage products increased substantially. At the same time, the sales scale of energy storage inverters and energy storage batteries used in small-scale industrial and commercial scenarios has expanded, and the company's net profit has increased significantly compared with the same period last year. According to

the data, Deye Co., Ltd. was founded in 2000 and made a fortune in household appliances in the early stage. After entering the photovoltaic industry in 2016, Deye Co., Ltd. has been deeply engaged in the inverter industry. After eight years of development, Deye Co., Ltd. achieved revenue of 3.957 billion yuan in 2022, accounting for 66.44% of the total revenue. Inverters have surpassed household appliances and become the main force of the company's revenue.

Digital New Energy DNE noted that in the past three years, the company's overseas revenue has shown explosive growth. From 2019 to 2022, the company's overseas sales were 447 million yuan, 1.262 billion yuan and 3.454 billion yuan respectively, accounting for 14.9%, 30.48% and 58.23% of the total revenue. Last year, for the first time, overseas sales exceeded the domestic market.

With the popularity of the photovoltaic industry , after the company went public in 2021, the stock also soared with the market, with the highest market value exceeding 100 billion yuan.

Recently, affected by the inverter fraud incident, Deye's share price fluctuated, falling to 143.88 yuan after opening on Monday, a decline of 6.81%, and its total market value fell to 61.88 billion yuan.

Yesterday evening, Deye shares urgently threw out the performance pre-increase announcement to protect the market. As of the time of publication, Deye shares closed at 147.23 yuan, up 2.33%, with a total market value of 63.321 billion yuan.