On October 31, Dongfang Risheng announced that. The Company, Chairman Lin Haifeng and Secretary of the Board of Directors Xueshanxing recently received the Decision on Administrative Supervision Measures issued by the Ningbo Regulatory Bureau of the China Securities Regulatory Commission due to the untimely disclosure of information and the inadequate implementation of the insider registration management system. Click on
more information Target = "_ blank" style = "color: rgba (0, 0, 0, 0. In 2023 alone, Dongfang Risheng was issued two warning letters by Ningbo Regulatory Bureau for major violations. (For details, please click: Shenzhen Stock Exchange Attention! With seven
consecutive quarters of performance losses and frequent internal management problems, Dongfang Risheng, as an old photovoltaic enterprise, has attracted much attention from the market for its current operating conditions and future development. On October 28, Dongfang Risheng released its third quarter performance report for seven
consecutive quarters
. In the third quarter of
this year, the company achieved revenue of 3 billion 24 million yuan , down 31.95% from the same period last year; The net profit loss was 254 million yuan , a decrease of 57.39% over the same period last year, and the non-net profit loss was 354 million yuan, a decrease of 47.
Dongfang Risheng achieved a total revenue of 10.467 billion yuan this year, down 29.76% year-on-year; net profit loss of 933 million yuan , compared with the same period last year, the loss margin narrowed by 40.16%; The loss of non-net profit was 1.206 billion yuan, 30% less than same period last year.
At the same time, the company's operating cash flow in the first three quarters was positive , reaching 1.033 billion yuan. A significant increase of 123% over last year.
According to the data of the three-quarter report, the company currently has 3.217 billion yuan of monetary capital, 0.1 billion yuan of transactional financial assets and 0.1 billion yuan of non-current assets due within one year.
According to the statistics of Digital New Energy DataBM. Com, Dongfang Risheng has been losing money for seven consecutive quarters . The total loss amounted to 43. Of which, the loss in 2024 alone was 34.
Under the current trend of optical storage integration, the layout https://www.databm. data show that: In October 2017, the company launched two energy storage inverter products at the Australian exhibition, which became an important symbol of the company's early entry into the energy storage industry; In 2018, the company announced the acquisition of Shuangyili (Tianjin) New Energy Co., Ltd. (Hereinafter referred to as "Shuangyili"), thus Dongfang Risheng formally entered the field of energy storage.
However, within a few years after the acquisition of Shuangyili, Dongfang Risheng has never seen energy storage business in its annual report revenue. Until 2022, energy storage systems , lamps and auxiliary photovoltaic products achieved revenue of 1.448 billion yuan, accounting for 4.93% of the total revenue; The gross profit rate of Dongfang Risheng's energy storage business is 22.68% in
2023 and 22.68% in 2024, respectively . The main business focus is on overseas markets, mainly in Europe and the United States .
Similarly, in the annual report of 2022, Dongfang Risheng put forward the development strategy of " upgrading the integration rate of industrial chain and increasing the layout of energy storage business ". The strategy is still in use today. In
2023, the photovoltaic industry suddenly "changed" and the downward cycle came. When many photovoltaic enterprises racked their brains to "roll up" the way out, Dongfang Risheng began to "introspect".
According to Wu Xuegang, president of Dongfang Risheng, previously disclosed to the industry media that in 2023, Dongfang Risheng was considering how to take advantage of the opportunity of industry shuffling to adjust the revenue structure of enterprises.
"The company spent more than a year to adjust the management, technology and product line of Dongfang Risheng Energy Storage (note: in 2024, Dongfang Risheng officially changed the brand of" Shuangyili Energy Storage "to" Dongfang Risheng Energy Storage "). One of our goals is that in the 20 billion revenue structure of Dongfang Risheng, the revenue from energy storage should be more than 5 billion, accounting for 25% .
As of the first half of 2025, the revenue of Dongfang Risheng energy storage system, lamps and auxiliary photovoltaic products accounted for 6.39% ; Gross profit margin was 18.
While accelerating the promotion of energy storage business, the proportion of revenue from Dongfang Risheng's downstream photovoltaic power plant business also increased rapidly. Data show that Dongfang Risheng's power station business revenue in 2024 accounted for 12. At the Intersolar exhibition in Germany in May, the company launched Luvit micro-inverter and Gurap string inverter products for the first time, complementing the closed-loop optical storage business. A complete closed loop of "generation-storage-use-management" has been formed.
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% lower than that of last year . Dongfang Risheng's most profitable business should be its power plant business, but its gross profit margin has also declined to varying degrees. Among them, the gross profit rate of EPC and transfer business of photovoltaic power plants declined. 4
. Although the energy storage business, which is the focus of Dongfang Risheng's development, is currently its second largest profitable business, its gross profit rate also decreased by 7.97% year on year. And the proportion of revenue compared with the end of 2024 is 8.
Nowadays, whether in photovoltaic industry or energy storage industry, the competition among enterprises is particularly fierce, the giant effect is more obvious, and the living space of small and medium-sized enterprises is more crowded. In addition, the overseas market has suppressed all kinds of new energy enterprises in China, and the situation of enterprises is extremely difficult.
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