Sineng Electric Co., Ltd.

Company Profile

1. R&D advantages The core members of the company's R&D team have R&D experience in well-known power supply companies in the industry, and the core technical personnel have more than 10 years of R&D experience in power electronic devices. The company has set up four R&D centers in Shenzhen, Wuxi, Chengdu and Suzhou, China and has built high-end scientific research platforms such as the in-house academician workstation, postdoctoral research workstation, and CNAS-certified laboratories, which are recognized by the National Enterprise Technology Center. As of the end of December 2024, the company had 490 R&D personnel, accounting for 30.45% of the company's on-the-job employees. A strong R&D team can ensure the company's continuous R&D capabilities. As power electronic products have obvious life cycle characteristics, they need to be continuously upgraded and optimized to maintain competitiveness and profit levels. At the same time, they also need to be system integrated with other products in the industrial chain to improve efficiency and reduce costs. The company's R&D team diversifies its solutions according to the specific needs of downstream customers. It can quickly and accurately provide them with solutions from physical product production to overall system construction. At the same time, it can also quickly optimize the solutions according to the customer needs in the process of application. In recent years, Sineng has successively launched the “inverter-boost” integrated solutions for the integration of high-power outdoor PV inverters and step-up transformers, the integrated “solar energy storage” solution for the integration of PV and energy storage equipment, the 1500V series megawatt-class high-voltage large-capacity inverters, converters and system integration solutions, and grid-forming power conversion systems, thus ensuring the company's leading R&D advantages. 2. Resource advantages of large customers The company's domestic customers are mainly central enterprise groups, large provincial state-owned enterprises, large private enterprises, and large foreign PV and energy storage system developers and general contractors. Excellent customer resources can ensure that the company has continuous orders and enhance the company's brand influence, which is conducive to the company's ability to improve product quality and continuous innovation. Since its establishment, Sineng has been positioned as a high-end brand in the industry, and has successively become a qualified supplier of central enterprise groups such as State Power Investment Corporation, China Energy Investment Group, Datang, China Nuclear Power Engineering, China General Nuclear Power Corporation, PowerChina, and China Energy Engineering Group. With the increasing diversification of investment entities in the PV and energy storage industry, Sineng's customers have extended to large provincial state-owned enterprises, large private enterprises, and high-quality overseas customers such as TATA, ACWA Power, AVAADA, Adani, and L&T. Therefore, the resource advantage of large customers will be able to ensure that the company has sufficient market share. 3. Project performance advantages While being widely used in domestic PV and new energy storage projects, the company's products are also shipped to India, Saudi Arabia, the United Arab Emirates, the United States, Brazil, Spain, Germany, Greece, South Africa, Algeria, South Korea, the Philippines, etc. The rich and successful project operation experience helps Sineng to participate in the customers' pre-project design and to provide customers with better system solutions, thus improving power generation efficiency and optimizing the cost of system electricity generation. This is an important factor in the decision-making of customers when choosing suppliers. 4. Product advantages In the field of PV inverters, Sineng is one of the few PV inverter manufacturers in the industry with various technical routes such as centralized and serial routes; and it has full-power (3kW-8.8MW) products, fully covering large-scale ground PV power plants, mountain PV power plants, floating power plants, industrial and commercial rooftop PV power plants, household PV systems and other multi-scenario applications. The company's innovative achievements in PV inverters have won the title of “Single Champion Product in Manufacturing Industry” and “Jiangsu Province Science and Technology Award: First Prize”. In 2023, Sineng was awarded the “Most Innovative Inverter Company in the PV Industry” and other honors. In the field of new energy storage, Sineng's current energy storage products include centralized energy storage converters, string energy storage converters and integrated energy storage systems. It has products in the full power range of 100kW to 12.5MW, as well as on-grid and off-grid energy storage solutions adapted to microgrids, grid-forming energy conversion solutions, etc., and provides energy storage system integration solutions and overall energy storage power station solutions, which can be applied to multiple applications such as power generation, transmission, distribution, and microgrids. The company's innovative achievements in the field of energy storage have been successfully selected as the “Jiangsu Province Carbon Peaking and Carbon Neutrality Technology Special Project” (transformation of major scientific and technological achievements), and won the EESA Golden Vine Awards in technology innovation, the best energy storage demonstration project award, the best energy storage high-power two-way converter supplier, and the Science and Technology Progress Award of Jiangsu Energy Storage Industry Association. The Hubei 100MW/200MWh sodium-ion new energy storage power station Phase I project was named the benchmark project of the year of GGII Golden Globe Award 2024. In the field of power quality governance, Sineng provides full-scenario power quality governance solutions, including a full range of active power filters, static reactive power generators and dynamic voltage regulators. These products are widely used in various industries such as data centers, semiconductors, photovoltaics, healthcare, rail transit, petroleum and petrochemicals, and metallurgy. The company has built benchmark cases including China Telecom Zhongnan Intelligent Computing Power Center Project, China Unicom Huailai Big Data Innovation Industrial Park Project, Tencent Yangtze River Delta AI Supercomputing Center and Industrial Base Project, Hebei Tongguang Crystal Silicon Carbide Manufacturing Base Project, Yunnan Qujing Longji 10GW Crystal Slicing Project and so on. 5. Industry status and brand advantages With rich technology accumulation and leading R&D advantages, Sineng's products have been widely recognized by mainstream customers in the industry, strengthening the company's industry status and brand advantages, and laying a solid foundation for the business growth of the company. Since 2024, the company has been selected as a national intelligent PV pilot demonstration enterprise, a national green supply chain management enterprise, and a leading manufacturing enterprise in Jiangsu Province. According to S&P Global, Sineng's PV inverter shipments ranked fourth globally in 2023. According to CNESA, Sineng's PCS shipments ranked the top two in the domestic market for four consecutive years from 2021 to 2024. The company has a strong industry position with brand advantages in the PV and energy storage industry.