On July 20, Shangneng Electric released its semi-annual report for 2023. In the first half of 2023, the operating income of SHANGNENG Electric is about 2.177 billion yuan , which is 416.58% higher than 421 million yuan in the same period of last year; the net profit attributable to shareholders of listed companies is 135 million yuan, which is 488.54% higher than 23 million yuan in the same period of last year.
The announcement shows that in the first half of the year, the revenue of Shangneng Electric Photovoltaic Inverter was 1.303 billion yuan, accounting for 59.83% of the revenue, an increase of 275.55% over the same period last year; Energy storage industry revenue was 818 million yuan, accounting for 37.55% of revenue, an increase of 2048.15% over the same period last year.
Faced with the growth of performance, Shangneng Electric said that it benefited from the company's insistence on independent research and development, deep cultivation in the field of power electronic power conversion and control, continuous improvement and promotion of the construction level of R & D institutions, and adherence to the "optical storage synergy" development. At the same time, the company's products can not only meet the needs of various types of applications, but also win wide recognition from customers for their superior performance.
Moreover, the company has established cooperative relations with domestic and overseas enterprises such as CNNC, Huadian, SDIC, TATA, ACWA, SOFTBANK, etc. These excellent customer resources ensure that the company has sustained orders, enhance the company's brand influence, improve quality and innovation capabilities.
In addition, benefiting from the rapid growth of the global photovoltaic and energy storage industry, Shangneng Electric said that the company's production and sales of photovoltaic inverters and energy storage converters grew rapidly, making it difficult to meet market demand. In May this year, Shangneng Electric issued a fund-raising announcement, which is expected to raise no more than 2.55 billion yuan for the construction of a production line with an annual output of 25 GW string photovoltaic inverters, an annual output of 10g W energy storage converters, 10g Wh energy storage system integration and 200000 optical storage integrated machines, so as to further enhance production capacity and seek to break through the bottleneck of development.
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