Sungrow Power Supply (300274.SH) mainly engages in R&D and sales of photovoltaic inverter and wind power converter. Its output of photovoltaic inverter reached 407MW in 2010, accounting for 2.3% of the global market and ranking No.13 worldwide. As for the market shares in Asia and China, it occupied 11% and 42.8% respectively, ranking fourth and first separately.
In the field of technology, Sungrow Power participates in the national standard-setting for photovoltaic inverter, making it the absolute front-runner in China.
Capacity, Production, Sales Volume and Sales Revenue of Photovoltaic Inverter of Sungrow Power, 200-2011
|
|
2011H1
|
2010
|
2009
|
2008
|
|
Capacity (MW)
|
250
|
400
|
65
|
30
|
|
Output(MW)
|
247
|
407
|
66
|
33
|
|
Sales Volume(MW)
|
203
|
343
|
53
|
30
|
|
Sales Revenue (RMB mln)
|
256
|
551
|
122
|
73
|
Source: Sungrow Power; ResearchInChina
The accumulative PV installed capacity was approximately 1GW in China in 2010. According to the 12th Five-Year Plan, till 2015, installed capacity will reach high up to 10GW, with CAGR of 60%. Sungrow will fully benefit from the rapid growth in the Chinese market, while the international PV market is undergoing market slump.