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CITIC Securities: Domestic and foreign large storage demand continues to improve, pay attention to manufacturers with high proportion of overseas shipments.
The sustained increase in domestic and international energy storage demand is mainly due to factors such as policy support, cost reduction, new energy regulation demand, and electricity grid construction demand.
GGII: China's energy storage PCS shipment volume in the first half of the year was 24 GW, and it is expected to reach 52 GW for the whole year.
According to research statistics from the GGII Institute of High-Tech Industrialization, the PCS shipment of China's energy storage is expected to reach 24GW in the first half of 2024, with an estimated full-year shipment of 52GW.
China International Capital Corporation: Multi-dimensional marginal improvement drives energy storage capacity increase, and global energy storage demand is expected to maintain high growth.
From a short-term perspective, the improvement of the US economy promotes the marginal improvement of the large storage market, and tariff policies may bring a rush of orders. From a medium-term perspective, developments such as the US market's energy transformation, extreme weather, and AI will drive the upward demand for energy storage, and the safety of storage batteries will also receive more attention. Although Chinese enterprises face challenges, there are still good development opportunities.
Golden Power Shrinks Loss in 2023
GOLDENPOWER: ANNUAL REPORT 2023
Jinli Group (03919.HK)'s annual revenue of about HK$270 million decreased by about 18.16% year on year
Gelonghui, March 21 | Jinli Group (03919.HK) announced that for the year ended December 31, 2023, the company recorded revenue of approximately HK$270.28 million, a decrease of approximately 18.16% over the previous year. The loss attributable to the company's shareholders for the year was approximately HK$10.92 million (2022: approximately HK$22.79 million), mainly due to the combined effects of: (i) revenue decreased by approximately HK$59.97 million, resulting in a decrease in gross profit of approximately HK$0.79 million compared to the previous year; however, due to (ii) exchange losses decreased compared to 2022; (iii) Group investments
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