Net profit rose 162.28%! Sales of leading inverters soared last year

On April 17, Deye released its 2022 annual report.

The report shows that last year, the company realized revenue of 5.956 billion yuan , an increase of 42.89% over the previous year, and realized net profit of 1.517 billion yuan . Year-on-year growth of 162.28% .

The report disclosed that in 2022, the company's inverter products realized business income of 3,956.8014 million yuan , accounting for 66.44% of the company's business income . 230.41% over the same period last year. In 2022, the sales of inverters continued to maintain high growth, with the sales revenue of energy storage inverters reaching RMB2,418,356,400, an increase of 354.19% over the same period last year, and the sales revenue of micro grid-connected inverters reaching RMB807,408,200, an increase of 657.95% over the same period last year. Sales revenue of string inverters amounted to RMB703,551,500, representing an increase of 30.65% as compared with the same period of last year.

Deye said that in 2022, the company's inverters were mainly sold to Brazil, South Africa, the United States, Lebanon and other markets, totaling 1.3483 million units, including 299000 energy storage inverters, 246900 string inverters and 802400 micro-grid-connected inverters.