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Ping An Securities: In October, the year-on-year growth rate of power inverter exports was significant, with strong growth in the Latin American market.
According to the General Administration of Customs data, in October 2024, China's power inverter export amount was 4.7 billion yuan, with a month-on-month and year-on-year increase of 17% and -4% respectively. The month-on-month decrease slightly, but the year-on-year growth is significant.
Sineng ElectricLtd (SZSE:300827) Has Some Way To Go To Become A Multi-Bagger
Ping An Securities: Photovoltaic and energy storage power inverter Q3 performance under seasonal pressure, but the main track still has sufficient growth potential.
In terms of revenue, the overall performance of Q3 is relatively weak. Sungrow Power Supply, Sineng Electric, and Shenzhen Sinexcel Electric all experienced a slowdown in Q3 revenue growth compared to the same period last year, while the other two companies saw a year-on-year decline. Except for Sungrow Power Supply, which slightly increased on a month-on-month basis, the Q3 revenue of the other 4 companies all decreased month-on-month.
There May Be Underlying Issues With The Quality Of Sineng ElectricLtd's (SZSE:300827) Earnings
Ping An Securities: Strong certainty in the growth of new energy storage, focusing on the great storage opportunities overseas.
"New energy storage and independent energy storage are the main types of large-scale energy storage installations in China, both driven by the strong demand of new energy funds, with a scale growth driven by policy. "
Shangneng Electric: Report for the third quarter of 2024
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