New Stock News | Sungrow Power Supply (300274.SZ) submitted documents to the Hong Kong Stock Exchange. The shipment volume of photovoltaic inverters has maintained a global leading position for ten consecutive years.

According to the disclosure on October 5th by the Hong Kong Stock Exchange, Sungrow Power Supply Co., Ltd. ("Sungrow Power Supply")(300274.SZ) submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CICC as its exclusive sponsor. According to Frost & Sullivan's analysis, Sungrow Power Supply's PV inverter product shipments have maintained a global leading position for ten consecutive years. Established in 1997, Sungrow Power Supply's total market value has exceeded 330 billion RMB since its listing on the Shenzhen Stock Exchange's ChiNext board in November 2011. The prospectus shows that Sungrow Power Supply is a globally leading clean energy technology company. Starting from the PV inverter business, the company has always focused on the clean power sector, gradually expanding into five major tracks including CECEP Solar Energy, wind power, energy storage, electric vehicles and charging, and hydrogen ("solar wind storage electric hydrogen"). Sungrow Power Supply focuses on the clean power industry, with its business covering the five major tracks of "solar wind storage electric hydrogen." Its main products or services include PV inverters, energy storage systems, new energy investment development, wind power conversion and transmission products, new energy vehicle power supply and charging, smart energy operation, and water surface PV systems. The company also strategically positions itself in hydrogen and AIDC power supply sectors. Sungrow Power Supply's main business segments, represented by PV inverters and energy storage systems, are both in a leading position globally. According to Frost & Sullivan's analysis, based on the shipment volume forecast for 2024, Sungrow Power Supply's PV inverters hold a market share of approximately 25.2% globally; as of June 30, 2025, its cumulative energy storage system shipment volume has reached 70GWh, leading the world. Sungrow Power Supply has established a complete global network layout, with its products and services sold to over 100 countries and regions worldwide as of June 30, 2025, demonstrating the company's leading position in the global clean power conversion field. Sungrow conducts new energy investment and development business globally, covering various scenarios such as ground-mounted power stations, industrial and commercial power stations, household power stations, wind farms, and energy storage power stations, and establishes differentiation through station technology innovation for competitive advantage. As of June 30, 2025, the company has developed a cumulative total of 57GW of PV power stations and wind farms worldwide. The company's "SUNGROW" brand is widely recognized for its top-quality products and services. According to the World Brand Lab's 2025 "China's Top 500 Most Valuable Brands," its brand value has reached 116.14 billion RMB, successfully ranking among China's top 100 most valuable brands, with brand value and ranking continuously rising for six consecutive years. Financially, Sungrow Power Supply has achieved rapid growth and impressive financial performance during the historical period. From 2022 to 2024 and from January to June 2025, the company's operating income was 40.11 billion RMB, 72.16 billion RMB, 77.70 billion RMB, and 43.44 billion RMB respectively; net profit was 3.70 billion RMB, 9.61 billion RMB, 11.26 billion RMB, and 7.83 billion RMB respectively. The compound annual growth rates of revenue and net profit for the years 2022 to 2024 reached 39.2% and 74.6% respectively. According to the prospectus, downstream market demand in the industry where the company operates is constantly changing due to factors beyond its control. If the company fails to adapt to these changes and compete effectively in the competitive landscape, its business may be adversely affected.