/ Daily News/August 25, 2022 Guangzhou -- Revenue increased 238.07% to 230 million yuan, with the revenue ratio rising to 13.45% from 6.74% in the same period last year. For example, Xiangxin Technology issued an announcement on the evening of August 24 that the company received a notice of winning the project from customers related to energy storage photovoltaic, and determined the company as the supplier of energy storage inverter-related products. The project life cycle is expected to be 2 years, and the transaction amount of the project is expected to be 450 million yuan.
Xiangxin Technology said that with the further implementation of the energy storage photovoltaic policy, it is expected to promote the expansion of the scale of energy storage and the rapid development of related industries, the company with advanced research and development, technology and production capacity, once again won the customer's inverter product project, reflecting the customer's high recognition of the company, is conducive to improve the company's future business performance.
Since the beginning of this year, Xiangxin Technology has more than once disclosed the announcement of energy storage photovoltaic project winning the bid.On July 13th, Xiangxin Technology said that the company had won the bid to be the supplier of distributed small three-phase 10K inverter products of the customer. The project life cycle is expected to be 3 years, and the project transaction amount is expected to be RMB 400 million.
On June 1, Xiangxin Technology announced that it had received the notification of winning the project from customers related to the smart photovoltaic business, and confirmed that the company was the supplier of photovoltaic inverter products in the digital energy distributed project. The project life cycle is expected to be 3 years, and the transaction amount of the project is expected to be 300 million yuan.
In other words, the bid amount of the energy storage photovoltaic projects announced by Xiangxin Technology recently exceeded 1 billion yuan, which is expected to provide good support for the company's subsequent performance growth.
< /p>According to the 2022 semi-annual report just disclosed by Xiangxin Technology, the company's energy-storage related business achieved a revenue of 230 million yuan in the first half of this year, a year-on-year growth of 238.07%, and its revenue ratio increased from 6.74% in the same period of last year to 13.45%. If the above winning photovoltaic energy storage projects can be successfully implemented, the energy storage business segment of the company still has a large space for growth in the next two years, which is expected to become an important growth pole of the company together with the related business of new energy vehicles.
