Huawei’s inverter segment also delivered an outstanding performance, with the two companies dominating the global market by a wide margin. Other enterprises, such as TBEA, Senergy, Deye and Ginlong (Solis), followed closely behind.
However, inverter companies bucked the trend, becoming the industry’s brightest spot. Leading firm Sungrow achieved revenue of 77.86 billion yuan and a net profit of 11.04 billion yuan attributable to the parent company, both of which were record highs, with year-on-year growth of 7.76% and 16.92% respectively.
Other enterprises, such as TBEA, Senergy, Deye and Ginlong (Solis), followed closely behind. The capital market also recognised the inverter sector when SOFAR successfully went public in April, despite the cooling new energy IPO market. However, market fluctuations had a significant impact.
Reliability and Bankability: Recognized as the most bankable inverter brand globally by S&P Global Ratings and BloombergNEF. Since its inception in 2015 in Shenzhen, China, ASGOFT has become a significant force in the energy sector, backed by its R&D team and independent production capabilities.
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Are you curious about which inverter manufacturers stand out in today’s market? Understanding the top factories is crucial for making informed choices.
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