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ZhongTai International: Sun.King Tech's self-developed insulated gate bipolar transistor (igbt) helps boost performance. The annual net income target is expected to increase by over 100% year-on-year.
Zhongtai International released a research report stating that with the planning and initiation of grid projects, as well as the increasing demand from markets such as photovoltaics, energy storage, and electric autos for self-developed insulated gate bipolar transistor (igbt) chips and module products, the revenue targets for Sun.king tech (00580) in 2024 and 2025 are 1.6 billion and 2 billion yuan respectively, with year-on-year growth of 52% and 25%. The target net income for 2024 is 70,000-80,000 million yuan, with year-on-year growth of over 100%. The revenue from self-developed igbt products in 2025 is expected to increase to 0.2 billion yuan. Zhongtai International's main views are as follows: core component supplier for power transmission and distribution, and new energy industry chain.
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ready to run up 
