Sungrow Power Supply Co., Ltd.

Sungrow Power Supply Co., Ltd. is a national key high-tech enterprise established in 1997 and headquartered in Hefei State Hi-tech Industry Development Zone. The company specializes in the research and development, production, sales, and service of equipment for renewable energy sources, including solar energy, wind energy, energy storage, and electric vehicles. Sungrow is listed on the ChiNext board of the Shenzhen Stock Exchange since November 2011, under the stock code 300274. Sungrow's main business lines encompass photovoltaic inverters, wind power converters, energy storage systems, and electric vehicle driving systems. The company is recognized for its comprehensive solutions in the clean energy sector, focusing on both technology and market development. Its photovoltaic inverters are widely used across various applications, while its energy storage systems are designed for grid support and residential use. Additionally, Sungrow is involved in the investment and development of power stations, providing intelligent operation and maintenance services, and developing advanced electronic control products for electric vehicles. The company has established a strong global presence, with its products sold in over 180 countries and regions.

1. Brand Advantages Since its establishment in 1997, Sungrow Power Supply has been dedicated to the R&D, production, sales, and services of new energy power equipment related to solar energy, wind energy, energy storage, hydrogen energy, electric vehicles, and charging. Its core product, photovoltaic inverters, have been sold in batches to over 180 countries and regions worldwide. The shipment volume of photovoltaic inverters has ranked first globally for consecutive years, and the cumulative installed capacity of energy storage systems ranks first globally (Source: S&P Global). The bankability of photovoltaic inverters ranks first globally, and the energy storage systems and PCS rank first in terms of global bankability (Source: BloombergNEF). It has become the only new energy brand in the world to top the inverter list five times. The company's brand awareness and reputation have been continuously enhanced. It has successively won honors such as the "China Industry Grand Award", "National Demonstration Enterprise for Single Champion in Manufacturing", "National Intellectual Property Demonstration Enterprise", "Global Top 500 New Energy Enterprises", "Forbes China's Top 50 Most Innovative Enterprises", "Fortune China 500", and "Asia's Best Employer". It also has a national post - doctoral research station, a national high - tech industrialization demonstration base, a national enterprise technology center, a national industrial design center, and a national green factory. Its comprehensive strength ranks among the top in the global new energy power generation industry. In 2024, according to the annual "China's 500 Most Valuable Brands" list released by the World Brand Lab, the company's brand value exceeded 100 billion yuan, reaching 100.84 billion yuan. 2. R&D Innovation Capability Since its establishment in 1997, the company has always focused on the new energy power generation field. Guided by market demands and driven by technological innovation, it actively promotes the R&D of major key core technologies, striving to transform technological advantages into product, efficiency, and competitive advantages. It has cultivated a professional R&D team with rich experience and strong independent innovation capabilities. The company has established six R&D centers in Hefei, Shanghai, Nanjing, Shenzhen, Germany, and the Netherlands, providing leading technical support for the company to create globally competitive new energy equipment. To conduct in - depth research on cutting - edge technologies, the company has established a central research institute, which is responsible for high - value patent layout in the early stage and tackling technical difficulties. It provides efficient platform services and innovative management for the company's product and technology development, cultivates and transports high - quality R&D and management talents, and continuously builds its core technological competitiveness. At the same time, each business division has formed an independent R&D team to be closer to the market and customers. In 2024, the company's R&D investment reached 3.164 billion yuan, a year - on - year increase of 29.26%. By the end of the reporting period, the company had 6,989 R&D personnel, including 106 with doctoral degrees and 2,694 with master's degrees. R&D personnel accounted for approximately 40% of the total. The company has successively undertaken more than 20 national major science and technology plan projects and has led the drafting of multiple national standards. It is one of the few enterprises in the industry that master multiple independent core technologies. At the same time, the company also attaches great importance to the accumulation of intellectual property rights of technological innovation achievements and closely follows the evolution of various new technical standards. By the end of the reporting period, the company had accumulated 9,401 patent applications, including 5,081 invention patents, 3,708 utility model patents, and 612 design patents. It leads the development of new - quality productivity in the industry with its leading technology iteration and product innovation capabilities. The company adopts the advanced IPD product integrated development management process. Based on customer demand analysis, technology development trend analysis, and competitive strategy analysis, it guides the company's technology reserve and product development. For new products, from concept, planning, development, verification, trial production to final mass production, phased quality indicators are set for each step to ensure that the developed products have excellent quality. The company has invested in building a globally leading electromagnetic compatibility laboratory, high - performance large - capacity low - voltage ride - through equipment, and various power supply and power grid simulation equipment, providing the most stringent testing conditions. At the same time, the company continuously improves the ISO9001:2015, ISO14001, and OHSAS18001 management systems, and strictly promotes the "Three - in - One" quality, environment, occupational health, and safety management system. The company's products have successively passed a number of international authoritative certifications and tests, such as UL, TÜV, CE, Enel - GUIDA, AS4777, CEC, CSA, and VDE. 3. Global Marketing, Channels and Service Network Since its inception, the company has established a global development strategy. The production capacity of its overseas factories in India and Thailand has reached 25GW. Currently, the company has established over 20 overseas branches, five global service regions, more than 520 service outlets, and hundreds of important channel partners. Its products have been sold in batches to over 180 countries and regions worldwide. By the end of the reporting period, the company had 1,774 overseas employees, a year - on - year increase of 16.86%. In the future, the company will continue to deeply cultivate the global market, orderly promote the global layout of inverter, energy storage, charging, power station, and floating photovoltaic businesses, focus on enhancing key capabilities such as global marketing, service, and financing, strengthen the global support capacity system, and enhance its global influence.