Leading enterprise of photovoltaic inverter -Sungrow Power Supply started IPO on 2nd Nov.

Date:2011-11-07     Source:xuxinxuxin  Text Size:

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. 

 

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