Sungrow A strong first half reported in 2025, with a turnover of 40% years after year to CNY 43.53 billion (USD 5.99 billion) and the net profit by 56% to 7.74 billion Yuan. Storage income rose by 128% to CNY 17.8 billion, accounting for more than 40% of the total turnover, while the turnover of the sun rose by 5% to CNY 22.51 billion. The gross and net profit margins improved to 34.4% and 18% respectively. Expenditure on research and development increased by 37% to CNY 2.04 billion, or 4.7% of sales. The company has sent 12 GWh of storage systems, an increase of 80%, while inverter volumes were not announced. Sungrow is planning to mention H-Shares in Hong Kong and predicts 40 GWh up to 50 GWh of storage shipments and around 160 GW of inverters for the entire year.
GinLong Solis Placed CNY 3.79 billion in turnover, an increase of 13%, with a net profit rises by 71% to CNY 602 million. The profit per share was CNY 1.52, with a return on equity of 7%. The gross margin rose to 35.7% and the net margin to 15.9%. The costs grew modestly to CNY 739 million, or 19.5% of sales. The turnover of grid-connected inverters achieved CNY 1.82 billion, with a margin of 26.1%, while storage formers brought in 793 million to 30.3%. The generation of solar energy on the roof and the production of renewable energy contributed CNY 808 million and CNY 304 million, both with margins above 50%.
Good Reported turnover of CNY 4.09 billion, an increase of 30%, but remained marginal losses with a net loss of CNY 16.6 million. The gross margin fell to 19.9%, while the net margin was 0.4%. The costs rose to CNY 757 million, or 18.5% of sales. Residential systems contributed 45%of sales, followed by grid -formers with 33%, storage batteries with 7%and hybrid storage formers with almost 7%.
Deye achieved the turnover of CNY 5.54 billion, an increase of 17%, with a net profit by 23% to CNY 1.52 billion. The gross margin was stable with 37.5% and the net margin climbed to 27.5%. The costs rose to CNY 409 million, but fell as a share of sales to 7.4%.
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