Electrical Equipment / Components & Telecoms

In June 2022, the global authoritative research organization IHS Markit (now part of S&P Global) announced the top 10 global PV inverter companies in terms of shipments in 2021, and Solis ranked among the top three in global inverter shipments .

So far, Chinese PV inverter companies have finally ranked among the top three in the world, creating a new global inverter pattern, further consolidating and demonstrating the leading trend of Chinese PV inverter companies.

According to the research report, Jinlang Technology not only ranks the top in the distributed market shipments in relevant regions around the world, but also ranks among the top ten in the world for the first time in the shipments of ground power stations. According to a report by Tianfeng Securities, string inverters will account for 81% of the tenders for ground power stations of central state-owned enterprises in 2021.

Globally, string inverters account for more than 70%, an increase of more than 10% compared to 2020. In European countries such as Poland and Germany, and Southeast Asian countries such as Vietnam and Thailand, the proportion of string inverters has reached more than 80%-90%. String inverters have gradually narrowed the cost gap with centralized inverters by virtue of their wider MPPT operating voltage range, convenient maintenance, and large-scale single-unit power, accelerating their penetration into the ground power station market.

Jinlang Technology, as the world's first A-share listed company with string inverters as its main business, still maintains its corporate status in 2021 despite multiple challenges such as the spread of the new crown epidemic, price increases in the industry chain, and IGBT shortages. of rapid development.

The sales in 2021 will be 3.312 billion, an increase of 58.92% over the same period of the previous year. The profit reached 474 million, an increase of 48.96% over the same period of the previous year. In the first quarter of 2022, the sales exceeded 1.1 billion yuan, and the single-quarter sales reached a new record high, achieving a year-on-year and month-on-month double growth in the industry with few digits.

Carbon neutrality is superimposed on global energy price increases. Since 2022, the marginal upward trend of photovoltaic demand has been further clarified. Especially in the European market, the installed capacity is expected to be continuously improved. The compound growth rate of European photovoltaic installed capacity is expected to exceed 40% from 2022 to 2025. At the same time, the business model of energy storage inverters is gradually maturing, costs continue to decline, and the solar-storage parity cycle is about to begin. In recent years, Jinlang Technology has increased the layout of the energy storage business. Energy storage products have accelerated the upgrade and iteration, and continuously launched new products. The newly built automated intelligent factory has a single production capacity of 40GW+.

In the future, Jinlang Technology will always adhere to the product-centered strategy, develop the global strategic layout of "Jinlang" and "Solis" dual independent brands, continuously strengthen the construction of localized sales network and marketing after-sales service system, and continue to practice "using technology". The company's mission is to promote clean energy to become the world's main energy source with the power to promote high-quality and zero-carbon development, and contribute to the construction of a green energy world.