[For Hong Kong Investors Only] Chinese solar energy leader, Sungrow Power Supply, has announced better-than-expected performance forecasts for the first half of 2023, anticipating a remarkable 344% to 400% year-on-year increase in net profit.* This achievement highlights China's position as a prominent player in the global clean energy market, with substantial revenue growth in crucial products like photovoltaic inverters and energy storage systems. The surge in demand for clean energy worldwide, coupled with the Chinese government's support for clean energy policies, has paved the way for the flourishing development of the clean energy industry in China. Sungrow Power Supply's success signifies the country's technological innovation, market competitiveness and commitment to sustainable growth.
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*Source: Sungrow Power Supply, 2023 semi-annual result forecast, 7 August 2023.
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