L R AS Published on Monday 3 May 2021 - n° 360 - Categories:company results

Chinese companies in brief: Sungrow in 2020 and Flat Glass in Q1

Chinese companies in brief: Sungrow in 2020 and Flat Glass inQ1

Sungrow delivered 35 GW of inverters in 2020 and achieved sales of

RMB ($3bn), up 48% on 2019. Net profit reached RMB1.9bn ($300m), up 119% (a doubling), giving a net margin of 10.1%. PV inverter sales growth doubled, and PV storage sales increased by 115%. Sales outside China doubled in 2019 but only account for 25% of sales

Sungrow launches high voltage battery and hybrid inverter for residential applications to be marketed initially in Australia and Europe

https://www.pv-magazine.com/2021/04/29/sungrow-launches-high-voltage-battery-and-hybrid-inverter-for-residential-applications/

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Chinese glass manufacturer Flat Glass increased its first quarter revenue by 71% to RMB2.1bn and quadrupled its net profit to RMB838m. It achieved a net margin of 40.7% of sales

https://www.pv-magazine.com/2021/04/30/chinese-pv-industry-brief-another-massive-polysilicon-deal-heterojunction-module-factory-begins-production/

PV Magazine of 30 April 2021

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