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Sungrow Power Supply Co Ltd (Sungrow) is a renewable energy company that manufactures power supply equipment for solar PV (photovoltaic) and wind power projects. The company's products comprise PV inverters, floating systems, storage systems, and accessories. It offers services such as construction, development, and operation management services, microgrid storage solutions, grid support storage solutions, and residential storage solutions. The company's products find application in solar energy photovoltaic power stations and solar energy photovoltaic generation systems for buildings and wind power generation plants. Sungrow is headquartered in Hefei, Anhui, China.
Headquarters
China
Address
No. 1699, Xiyou Road, High-Tech Zone, Hefei, Anhui, 230088
Website
www.sungrowpower.com
Telephone
86 551 65325617
No of Employees
9,239
Industry
Alternative Energy
Ticker Symbol & Exchange
300274 (SHE)
Revenue (2021)
$6.0B
66.8%
(2021 vs 2020)
EPS
XYZ
Net Income (2021)
XYZ
127%
(2021 vs 2020)
Market Cap*
$19.9B
Net Profit Margin (2021)
XYZ
36.1%
(2021 vs 2020)
* As of and is in US$
Sungrow Power Supply Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Products | Services |
| Photovoltaic Inverters | Consulting Services |
| Storage Systems | Construction, Development, and Operation Management Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In April, the company and Morrison Energy Services entered into a partnership with SSE Renewables to provide a battery energy storage system for a 320MW battery storage project at Monk Fryston, North Yorkshire, England, the UK. |
| 2024 | Contracts/Agreements | In March, the company entered into a strategic supply agreement with Gulf Energy Development Plc (GULF) to deliver PV inverters and liquid-cooled energy storage systems for its 3.5GWp project needs for the next 7 years. |
| 2024 | Plans/Strategy | In March, the company announced its plans to unveil its new liquid-cooled energy storage system, PowerTitan 2.0. |
Competitor Comparison
| Key Parameters | Sungrow Power Supply Co Ltd | Trina Solar Co Ltd | CECEP Solar Energy Co Ltd | Moso Power Supply Technology Co., Ltd. | Shandong Lipeng Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Hefei | Changzhou | Beijing | Shenzhen | Shanghai |
| State/Province | Anhui | Jiangsu | Beijing | Guangdong | Shanghai |
| No. of Employees | 9,239 | 23,077 | 2,078 | 2,076 | 1,661 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Cao Renxian | Chairman; Chief Executive Officer | Executive Board | 2010 | 55 |
| Zhang Xucheng | Vice Chairman | Executive Board | 2020 | 51 |
| Zhao Wei | Director; Senior Vice President | Executive Board | 2014 | 50 |
| Gu Yilei | Senior Vice President; Director | Executive Board | 2020 | 45 |
| Peng Chaocai | Vice President | Senior Management | 2020 | 46 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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