New Stock News | Sungrow Power Supply submits application to Hong Kong Stock Exchange, maintaining global leadership in photovoltaic inverter shipments for ten consecutive years

According to the Hong Kong Stock Exchange's disclosure on October 5, SUNGROW Power Supply Co., Ltd. (referred to as "SUNGROW") (300274.SZ) has submitted a listing application to the main board of the Hong Kong Stock Exchange, with China International Capital Corporation (CICC) as its exclusive sponsor. According to Frost & Sullivan's analysis, SUNGROW's photovoltaic inverter product shipments have maintained a global leading position for ten consecutive years. Founded in 1997, SUNGROW has seen its total market capitalization exceed RMB 330 billion since its listing on the Shenzhen Stock Exchange's Growth Enterprise Market in November 2011. The prospectus shows that SUNGROW is a global leader in clean energy technology. The company started with photovoltaic inverter business and has always focused on the clean power sector, gradually laying out five major tracks: solar energy, wind energy, energy storage, electric vehicles and charging, and hydrogen energy ("solar, wind, storage, electricity, hydrogen"). SUNGROW focuses on the clean power industry, with business layouts covering the five major tracks of "solar, wind, storage, electricity, hydrogen." Its main products or services include: photovoltaic inverters, energy storage systems, new energy investment and development, wind power conversion and transmission products, electric vehicle power control and charging, smart energy operation and maintenance services, and water surface photovoltaic systems, among others, and strategically lays out hydrogen energy and AIDC power businesses. SUNGROW's main business segments, represented by photovoltaic inverters and energy storage systems, are both globally leading. According to Frost & Sullivan's analysis, based on 2024 shipment volume, SUNGROW's photovoltaic inverters have a global market share of approximately 25.2%; as of June 30, 2025, its cumulative shipment volume of energy storage systems reached 70GWh, leading globally. SUNGROW has established a comprehensive global network layout, and as of June 30, 2025, its products and services have been sold to over 100 countries and regions worldwide, demonstrating the company's leading position in the global clean power conversion field. SUNGROW conducts new energy investment and development business globally, covering various scenarios such as ground power stations, industrial and commercial power stations, household power stations, wind farms, and energy storage power stations, and is committed to establishing a differentiated competitive advantage through power station technology innovation. As of June 30, 2025, the cumulative installed capacity of photovoltaic power stations and wind farms developed globally by the company has reached 57GW. The company's "SUNGROW" brand is widely recognized for its first-class products and services. According to the World Brand Lab's 2025 "China's 500 Most Valuable Brands," its brand value reached RMB 116.14 billion, successfully entering the top 100 of China's brand value rankings, with brand value and ranking rising for six consecutive years. ![wechat_2025-10-05_194127_121.png](https://img.zhitongcaijing.com/image/20251005/1759664709407007.png? In terms of finance, during the historical performance period, Sungrow Power Supply achieved rapid growth and impressive financial performance. The company's operating revenue for the years 2022 to 2024 and for the first half of 2025 was RMB 40.11 billion, RMB 72.16 billion, RMB 77.70 billion, and RMB 43.44 billion, respectively; net profit was RMB 3.70 billion, RMB 9.61 billion, RMB 11.26 billion, and RMB 7.83 billion, with compound annual growth rates for revenue and net profit from 2022 to 2024 reaching 39.2% and 74.6%, respectively. According to the prospectus, the downstream market demand in the industry in which the company operates is subject to uncontrollable factors and is constantly changing. If the company fails to adapt to these changes and compete effectively in the competitive landscape, its business will be adversely affected