Sungrow posts $1.3 billion profit for 2023
- Admin
- Apr 29, 2024
- 1 min read
Sungrow, a Chinese inverter and battery producer, reported a significant revenue increase to $10.18 billion in 2023, up 79.47% from the previous year. Net profit also rose sharply by 162.69% to $1.33 billion, attributed to factors like brand premium, product innovation, and cost reductions. The company's main products include PV inverters, energy storage systems, and new energy investment, with substantial growth in domestic and global markets.
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