On July 12, the South Grid Energy Storage announced that the net profit in the first half of the year is expected to be about 712 million yuan, an increase of about 610 million yuan compared with the same period last year before adjustment (statutory disclosure data), an increase of about 598%; a decrease of about 24% compared with the same period last year after adjustment. Non-net profit was about 712 million yuan, an increase of about 618 million yuan over the same period last year, an increase of about 657% over the same period last year.
The next day, South Grid Energy Storage also announced that it had signed a strategic cooperation framework agreement with Huizhou Municipal People's Government, and the two sides intend to carry out in-depth cooperation in new energy storage, pumped storage and other fields. South Grid Energy Storage will jointly promote the application demonstration of new energy storage projects in Boluo County, Huidong County, Longmen County and "3 + 7" Industrial Park in Huizhou City.
South Grid Energy Storage said that the signing and performance of this agreement is conducive to the development of the company's new energy storage and pumped storage business, and will not have a significant impact on the company's operating income and net profit in 2023. The impact on the company's future operating performance depends on the implementation of the project.
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