Overview
- Sungrow, which re-submitted its HKEX application Friday, listed China International Capital Corporation as sponsor after its October filing expired on April 5.
- The company says proceeds would fund research and development and new production bases overseas, opening access to global investors while keeping its Shenzhen listing.
- At its Global Renewable Energy Summit, Sungrow announced a TÜV Rheinland–witnessed grid-forming trial that ran 138 hours across 14 scenarios, showing rapid fault support, millisecond frequency control, and a 19‑second black start.
- The firm unveiled new systems for utility and industrial use, including the PowerMatrix architecture, a Matrix Inverter, and PowerTitan 3.0 with 600‑plus‑Ah cells, a silicon carbide power unit, up to 92% round‑trip efficiency, and faster on‑site deployment, while securing over 11 GWh in project agreements.
- Recent filings highlight scale and momentum, with 2025 revenue of RMB89.184 billion, net profit of RMB13.46 billion, a roughly 25% global PV inverter share in 2024, and storage shipments that the company says now exceed 93 GWh, supporting its case for R&D‑led global growth.