Dalian Yifeng Photovoltaic Equipment Co., Ltd
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Dalian Eastfound Solar Equipment Co.,Ltd.

The listing application of Sanjing shares was accepted by the Shanghai Stock Exchange, and the compound growth rate of net profit attributable to the parent company in the past three years was 127%

The website of Shanghai Stock Exchange disclosed on March 3 that Guangzhou Sanjing Electric Co., Ltd. (hereinafter referred to as "Sanjing") had submitted a prospectus and was accepted by Shanghai Stock Exchange. The company plans to list on the main board. This is also another inverter potential stock to be listed after Sungrow Power, Shangneng Electric, Goodway, Jinlang Technology, Yuneng Technology, Hemai Shares, Deye Shares, etc. At present, the optical storage inverter manufacturers such as Guriwat (H share) and Capital Airlines New Energy are also queuing up for listing.

The main business of Sanjing is the R&D, design, production and sales of photovoltaic grid-connected inverters, energy storage inverters and systems, and motor drive and control products. Among them, photovoltaic grid-connected inverters are applied to household and industrial and commercial distributed photovoltaic power generation scenarios, energy storage inverters and systems are applied to household photovoltaic energy storage scenarios, and motor drive and control products are applied to industrial automation and smart home fields.

Founded in 2005, the company has focused on the digital energy industry for nearly 20 years. It has been in the distributed photovoltaic power generation field since 2011. In 2015, the research and development of home optical storage system was launched. Since 2020, it has launched a number of series of energy storage all-in-one machines, with rich technical accumulation and industry experience.

The company has mastered a total of 20 core technologies in the four major energy chain fields of energy conversion, energy storage, energy management and energy consumption. With advanced technology and stable performance, it has established a sales network covering major provinces and cities in China and more than 80 countries and regions around the world.

From 2020 to 2022, the company achieved revenue of 426.2 million yuan, 715.7 million yuan and 1.551 billion yuan respectively, with a compound growth rate of 90.77%, of which the revenue in 2022 doubled year-on-year; The net profit attributable to the owners of the parent company during the above period was 55.5 million yuan, 98.6889 million yuan and 285.6 million yuan, with a compound growth rate of 126.85%.

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