- Sungrow Power Supply‘s net income for FY was 9.44 billion yuan, showing a substantial increase from last year’s 3.59 billion yuan, albeit slightly missing estimates of 9.55 billion yuan.
- The company’s revenue was 72.3 billion yuan, a significant 79% growth from the previous year, surpassing estimates of 71.23 billion yuan.
- Revenue from Power Conversion Equipment, such as Photovoltaic inverters, increased by 61% to reach 27.65 billion yuan, beating the estimate of 26.93 billion yuan.
- Revenue from New Energy Investment and Development reached 24.73 billion yuan, up from last year’s 11.6 billion yuan and easily surpassing estimates of 19.03 billion yuan.
- Energy Storage System revenue was 17.80 billion yuan, showing a growth of 76% y/y, although it was below estimates of 20.84 billion yuan.
- Photovoltaic Power Generation Revenue took a dip of 9.3% to 567.2 million yuan, falling short of the estimate of 864.7 million yuan.
- Other businesses contributed a revenue of 1.49 billion yuan, more than doubling that of the last year’s 722.8 million yuan, albeit missing estimates of 1.69 billion yuan.
- The final dividend per share was reported to be 96.5 RMB cents.
- With respect to first-quarter results, the net income reached 2.10 billion yuan, marking an increase of 39% y/y, while revenue was essentially stable at 12.61 billion yuan (increase of just 0.1% y/y).
- Sungrow Power Supply’s performance earned them 32 buys, 1 hold, and 1 sell.
A look at Sungrow Power Supply Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Sungrow Power Supply is positioned for strong long-term growth with high scores in Growth and Momentum. The company develops, sells, and services solar PV inverters and other power supply products, catering to the renewable energy sector. With a Growth score of 5, Sungrow Power Supply is expected to expand its market presence and achieve significant revenue growth in the coming years. Additionally, a Momentum score of 5 indicates positive market sentiment and investor confidence in the company’s future prospects.
Although the company scores moderately on Value and Dividend factors, with scores of 2 each, Sungrow Power Supply‘s Resilience score of 3 suggests a certain level of stability and ability to navigate market challenges. Overall, Sungrow Power Supply‘s strong emphasis on growth and momentum, combined with its focus on renewable energy solutions, positions it well for future success in the ever-evolving energy industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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