[Energy Storage: Global Energy Storage Installed Capacity Expected To Maintain 30% To 50% Growth Over Next Three Years]

Published: Apr 28, 2026 15:08

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During a conference call on April 27, Sungrow Power Supply stated that during the reporting period, the company achieved operating revenue of 15.6 billion yuan, a year-on-year decrease of 18%; net profit attributable to the parent was 2.29 billion yuan, a year-on-year decrease of 40%; the overall gross profit margin was 33.3%, down 1.8 percentage points year-on-year. The gross profit margin for energy storage was approximately 30%, improving from 24% in the fourth quarter of last year, mainly benefiting from an increased proportion of revenue recognized from high-margin regions such as Europe and Australia.

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