How many energy storage brands are there in China?

In the first quarter, 25 energy storage brands made the list, with 14 originating from China: Narada Energy Storage, Sungrow Power, Caire Energy, Ronghe Yuan Storage, Ripulan Jun, Pinggao Group, Nandu Power, KeHua ShuNeng, Haichen Energy, Guoxuan High-Tech, Yiwei Lithium Energy, CRRC Zhuzhou Institute, CATL, and BYD (listed alphabetically).”

How will weak energy storage demand affect overseas leaders' rankings?

Weak household energy storage demand in Europe has put pressure on some enterprises’ performance, leading to obvious changes in overseas leaders’ rankings. As differences in market layout and technological R&D expand between companies, future performance differentiation will become more pronounced.

Which companies dominated the global inverter market?

Huawei’s inverter segment also delivered an outstanding performance, with the two companies dominating the global market by a wide margin. Other enterprises, such as TBEA, Senergy, Deye and Ginlong (Solis), followed closely behind.

How resilient is the inverter segment in the photovoltaic industry?

With continuous cost control optimisation and improvements in technological innovation and production efficiency, the inverter segment is expected to maintain its strong performance, becoming one of the most resilient niches in the photovoltaic industry chain.

Which inverter companies were most impacted by the IPO market?

Other enterprises, such as TBEA, Senergy, Deye and Ginlong (Solis), followed closely behind. The capital market also recognised the inverter sector when SOFAR successfully went public in April, despite the cooling new energy IPO market. However, market fluctuations had a significant impact.

Which inverter companies bucked the trend?

However, inverter companies bucked the trend, becoming the industry’s brightest spot. Leading firm Sungrow achieved revenue of 77.86 billion yuan and a net profit of 11.04 billion yuan attributable to the parent company, both of which were record highs, with year-on-year growth of 7.76% and 16.92% respectively.