Huichuan Technology Posts 2024 H1 Revenue of RMB 16.183 Billion, 4GW PCS Shipments, Driven by New Energy Auto Growth

[Huichuan Technology Achieved Revenue of RMB 16.183 Billion and PCS Shipments of 4GW in the First Half of 2024] SMM learned that on August 27, Huichuan Technology released its interim report for 2024. During the reporting period, the company achieved a revenue of RMB 16.183 billion, representing a year-on-year growth of 29.98% (primarily driven by the rapid growth of revenue from the new energy automotive business). Net profit attributable to shareholders of the listed company reached RMB 2.118 billion, up 1.98% year-on-year; net profit attributable to shareholders of the listed company after excluding non-recurring gains and losses amounted to RMB 2.068 billion, a year-on-year increase of 10.77%. The company's basic earnings per share were RMB 0.79, up 1.28% from the same period last year.

In terms of the source and grid sides: The company completed its expected sales targets, with PCS shipments reaching 4GW, and actively explored overseas business opportunities. Furthermore, the company officially launched and achieved batch sales of its string-type energy storage all-in-one system.