- Sungrow Power Supply‘s net income for the fiscal year reached 11 billion yuan, outperforming estimates and marking a 17% year-over-year increase.
- Total revenue for the year was 77.9 billion yuan, a 7.7% increase from the previous year, though slightly below the estimated 84.04 billion yuan.
- Revenue from power conversion equipment, including photovoltaic inverters, was 29.1 billion yuan, reflecting a 5.2% increase, yet slightly below the estimated 30.03 billion yuan.
- The new energy investment and development segment saw a revenue decline of 15% year-over-year, totaling 21 billion yuan compared to the estimated 27.1 billion yuan.
- Energy storage system revenue significantly increased by 40% year-over-year to 24.96 billion yuan, surpassing expectations of 21.27 billion yuan.
- Photovoltaic power generation revenue grew to 1.14 billion yuan from 567.2 million yuan the previous year, exceeding the 638.1 million yuan estimate.
- Other business segments achieved a 9% increase in revenue, totaling 1.63 billion yuan, but fell short of the 1.74 billion yuan estimate.
- A final dividend of 1.08 yuan per share was declared.
- For the first quarter, the company reported a net income of 3.83 billion yuan, an impressive 83% increase year-over-year.
- First-quarter revenue surged by 51% to 19.04 billion yuan.
- Market sentiment includes 31 buy recommendations, 4 holds, and 2 sells.
A look at Sungrow Power Supply Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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
Based on the Smartkarma Smart Scores, Sungrow Power Supply shows a promising long-term outlook. With a strong score of 5 in Growth, the company is positioned for potential expansion and increasing market share in the renewable energy industry. This suggests that Sungrow Power Supply has robust growth prospects ahead.
Additionally, the company scores a 4 in Resilience, indicating a solid ability to navigate challenges and maintain stability in various market conditions. Combining this with a respectable Dividend score of 3, Sungrow Power Supply may offer potential returns to investors while maintaining a level of financial stability.
Overall, Sungrow Power Supply appears to be a company with significant growth opportunities and the capability to withstand market fluctuations, making it an interesting prospect for investors looking for long-term growth potential in the renewable energy sector.
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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