【Sungrow Power Supply Achieved Revenue of RMB 7.816 Billion with Gross Margin of 40.8% in Energy Storage Business in the First Half of 2024】On the evening of August 23, Sungrow Power Supply released its report for the first half of 2024. In the energy storage sector, Sungrow achieved revenue of RMB 7.816 billion in the first half of 2024, accounting for 25.20% of its total revenue. The operating revenue decreased by 8.3% year-on-year, while the gross margin reached 40.8%, a year-on-year increase of 12.61%. Currently, the company's power supply and energy storage systems are widely used in mature power markets such as Europe, the Americas, the Middle East, and the Asia-Pacific region, continuously strengthening the deep integration of wind, solar, and storage. None of the energy storage projects participated in by the company has experienced a safety incident, and it has accumulated extensive application experience in areas such as frequency regulation and peak shaving, supporting renewable energy grid connection, microgrids, commercial and industrial, and residential energy storage.