Sungrow Power Supply Co Ltd

Yuanyuan Landscape, stock code 605303, is planning to acquire a controlling stake in Hangzhou Hualan Microelectronics by issuing shares and paying cash, which is expected to constitute a major asset restructuring, and trading in the company's shares has been halted. CATL repurchased 604,300 A-shares of the company for the first time, with a transaction value of about 200 million yuan. Inspur Information plans to raise no more than 9 billion yuan through a private placement to invest in AI infrastructure and other projects. Sungrow Power Supply has raised prices of photovoltaic inverters, energy storage converters, and energy storage systems by 5 to 15 percent, while Sanan Optoelectronics has raised prices for some LED chips, RF chips, power electronics chips, and optical technology chips. Zhongjuxin's investee company plans to invest 1.1 billion yuan to build a high-purity quartz materials project. Longban Media has completed its trading halt review and will resume trading on September 14.

On September 11, Sungrow, a global leader in solar and energy storage, sent a product price adjustment notice to downstream customers, announcing that starting September 20 it will raise prices for photovoltaic inverters, energy storage converters, and energy storage systems by 5% to 15%. A reporter from The Paper confirmed with a relevant person in charge of Sungrow's power energy storage product line that the main reason for the price increase is the rise in bulk material prices such as copper and aluminum, and secondarily to curb vicious low-price competition. Sungrow stated that the magnitude of upstream material price increases in this round has continued to exceed expectations, and existing product pricing can no longer cover the comprehensive investment in raw materials, manufacturing, technology iteration and upgrades, as well as after-sales operation and maintenance. This is not Sungrow's first price increase this year. In the first quarter, it and other inverter leaders such as Ginlong Technologies took the lead in raising prices for energy-storage-specific models by 6% to 10%. Since July, more than ten companies along the industry chain, including EVE Energy, Sinexcel, and Inovance Technology, have intensively issued price adjustment notices covering battery cells, converters, and solar-storage-charging equipment, with increases ranging from 5% to 30%. Cost pressure comes from multiple sources: lithium carbonate prices rebounded from a low point of less than 60,000 yuan per ton in mid-2025, and once exceeded 210,000 yuan per ton in June 2026, a cumulative increase of more than 200%. The surge in AI computing power has squeezed wafer production capacity, and prices of key components such as memory chips and IGBTs have generally risen by between 50% and 800%. Tian Qingjun, senior vice president of Envision, expressed opposition to vicious price competition and pointed out that planned capacity expansion for energy storage cells in the industry this year has already exceeded 800 gigawatt-hours, with completed capacity by the end of the year expected to be about 1.2 to 1.5 terawatt-hours, and total planned capacity approaching 2 terawatt-hours, far exceeding real global market demand. At present, price increases along the industry chain are mainly driven by rising costs, and whether the price increases can be accepted by downstream project owners still needs to be observed by the market.

As the 2026 interim reporting season concludes, solar companies' half-year reports signal that industry consolidation has entered its second half: workforce reductions have spread from manufacturing to research and development, energy storage has shifted from a second growth curve to half the business, and a number of companies are voluntarily cutting production, terminating projects, or even divesting solar assets. Jiemian News reviewed the interim reports of 13 mainstream solar companies and found that total first-half revenue reached 216.297 billion yuan, down 18.56 percent year on year; net loss attributable to shareholders was 18.473 billion yuan, with the loss widening 14.43 percent year on year. Among them, only Sungrow and Canadian Solar were profitable. Sungrow led with 5.259 billion yuan in net profit attributable to shareholders, though that was down 32.01 percent year on year. Tongwei posted the largest loss at 5.119 billion yuan, while LONGi Green Energy lost 3.684 billion yuan. On layoffs, Tongwei, LONGi Green Energy, and TCL Zhonghuan newly accrued a combined total of about 215 million yuan in severance benefits in the first half, and cash payments to employees at seven companies all contracted year on year. On transformation, energy storage has become standard for leading module makers. Trina Solar's energy storage shipments rose 188 percent year on year, and Canadian Solar's utility-scale storage sales grew 103.3 percent year on year. At the same time, GCL Technology launched a comprehensive strategic transformation, Daqo Energy plans to invest about 6 billion yuan in the AIDC power distribution sector, and TCL Zhonghuan plans to invest 11.96 billion yuan to build a semiconductor project. On voluntary exits, Canadian Solar terminated its 14-gigawatt monocrystalline silicon wafer expansion project in Yangzhou, and Fengfan completed the transfer of a 60 percent stake in Suzhou Jingying Optoelectronics for 179 million yuan, divesting solar manufacturing assets. Data from the State Administration for Market Regulation show that in the first half of the year, 5,089 solar-related companies nationwide were deregistered, up 8.3 percent year on year.

POWERCHINA is advancing a portfolio of wind power projects totaling more than 1.8 GW in Egypt, including the operational 500MW Amunet Gulf of Suez Wind Project and two under-construction projects: the 1.1GW Gulf of Suez Wind Project and the 202.5MW Ras Ghareb Wind Project. The company is also expanding into energy storage and local manufacturing, having begun construction in August 2026 on Sungrow's new energy storage manufacturing facility in Ain Sokhna, which will be Sungrow's first battery energy storage system manufacturing base in the Middle East and Africa. Since entering Egypt in 2012, POWERCHINA has created over 2,000 direct jobs and more than 10,000 indirect jobs, and has trained over 350 professionals in energy roles. The company's growing presence reflects a shift from individual projects to a broader clean-energy ecosystem, supporting Egypt's national energy strategy and the UN 2030 Agenda.

On the evening of September 2, multiple listed companies disclosed progress on share buybacks. Midea Group announced that as of August 31, the company had cumulatively repurchased 99.798 million A-shares, accounting for 1.31% of total share capital, with a total payment of 8.02 billion yuan. Wuliangye cumulatively repurchased 14.7074 million shares, accounting for 0.3789% of total share capital, with a payment of 1.101 billion yuan. Foxconn Industrial Internet cumulatively repurchased 14.0102 million shares, accounting for 0.07% of total share capital, with a transaction amount of 887 million yuan. Metallurgical Corporation of China repurchased 182 million A-shares, accounting for 0.87805% of total share capital, with a transaction amount of 509 million yuan, and also repurchased 65.815 million H-shares, accounting for 0.31808% of total share capital, with a transaction amount of 105 million Hong Kong dollars. STO Express repurchased 24.2313 million shares, accounting for 1.58% of total share capital, with an amount of 339 million yuan. Ultrapower Software repurchased 37.2511 million shares, accounting for 1.89% of total share capital, with an amount of 301 million yuan. Sungrow Power Supply repurchased 3.0476 million shares, accounting for 0.147% of total share capital, with an amount of 325 million yuan.

As of today's close, the Shanghai Composite Index ended at 3,941.39 points, down 0.97 percent, the Shenzhen Component Index fell 1.88 percent, the ChiNext Index dropped 2.39 percent, and the STAR 50 Index declined 1.82 percent. On the market, concepts such as military-civilian integration, PVDF, and lab-grown diamonds rose, while corn, soybean, and glyphosate concepts pulled back notably. According to statistics from Securities Times Data Treasure, 11 stocks closed at record highs today, rising an average of 3.68 percent, with Feilong Auto Parts and Elegant Home leading gains. On the Dragon and Tiger list, institutions were net buyers of 12 stocks, with Feilong Auto Parts topping the list with net buying of 94.3164 million yuan, and N Green receiving net buying of 28.8088 million yuan. Among stocks with net institutional selling, Tongyuan Petroleum topped the list with net selling of 133 million yuan. In terms of northbound funds, Gaoxin Development topped the list with net buying of 20.6243 million yuan, while Shennong Seed Industry topped the list with net selling of 121 million yuan. Evening announcements show that Huafon Chemical plans to purchase 100 percent equity in Huafon Synthetic Resin and Huafon Thermoplastic for 6.85 billion yuan, Sungrow Power has spent 325 million yuan repurchasing shares, Wuliangye repurchased 1.3908 million shares in August, Shenzhen Zhonghua A indicated it may apply for a trading halt for verification, Zhaojin Gold shareholders plan to reduce holdings by no more than 1 percent, Zhongwei Electronics shareholders plan to reduce holdings by no more than 3 percent, and Chutian Dragon stated that revenue from digital yuan business accounts for less than 5 percent.

Sungrow Power Supply said during an institutional conference call on August 28 that it expects AIDC-related business growth to be very high over the next two years, specifically including AIDC power supply and AIDC energy storage. Currently, the company has about 2 gigawatt-hours of orders in hand for AIDC energy storage, with more than a dozen gigawatt-hours of projects in the pipeline. In AIDC power supply, no solid-state transformer has yet been put into real commercial application globally. The company has delivered several solid-state transformers to customers and expects them to enter operation in the fourth quarter, potentially becoming the first to achieve live load operation of an 800-volt direct current solid-state transformer power supply solution in a real computing power scenario.

China's Shanghai Composite stock index closed higher today (Aug. 26), rising 23.08 points, or 0.59%, to 3,912.52 points. Investors are watching the meeting of the Standing Committee of the National People's Congress (NPC), held from Aug. 25-28, amid hopes that the meeting will introduce policies to support the economy, following earlier weak economic data from Chinese authorities. Stocks that rose include Zijin Mining Group, up 2.35%; SMIC, up 3.46%; Luxshare Precision Industry, up 4.10%; and Sungrow Power Supply, up 2.76%. Additionally, China Merchants Bank issued a 3-year floating-rate bond linked to the overnight bond repurchase rate, making it the first Chinese commercial bank to do so. This reflects the People's Bank of China's (PBOC) efforts to elevate the overnight repo rate as a key benchmark for short-term funding costs, aligning its monetary policy framework more closely with international standards.

Sungrow has been chosen by Verano Energy to supply a 152MW/606MWh battery energy storage system for the Observatorio project in Chile. The project will use Sungrow's PowerTitan 2.0 ESS solution, designed for a four-hour duration, and includes a 25-year long-term service agreement. The Observatorio project will combine a 135MW solar photovoltaic plant equipped with Sungrow SG350HX-20 inverters with the battery storage system. Sungrow LATAM regional director Gonzalo Feito said the agreement reinforces the company's commitment to developing high-performance energy infrastructure and accelerating Chile's energy transition. Verano Energy chief operating officer Tomás Anuch said the integration of storage allows the company to unlock the full potential of its solar resource and provide greater flexibility to the power system.

Sungrow Power Supply responded on an interactive platform to the impact of the FCC policy, stating that its preliminary assessment indicates the policy mainly restricts new product certifications and does not affect the sales of already certified products. Currently, the photovoltaic inverters and energy storage systems sold in the United States are not impacted.

Thai Solar Energy Public Company Limited, or TSE, has signed a memorandum of understanding with Sungrow Power Supply, a leading inverter manufacturer from China, to supply solar inverters for 15 Solar Big Lot projects with a total capacity of 99.70 megawatts. Commercial operations are scheduled to begin gradually between 2027 and 2030. The first phase, currently under construction, comprises four projects totaling 30.20 megawatts and is set to start operations in early 2027. An additional 24 projects totaling 198.86 megawatts are planned for development, bringing the total capacity of the Solar Big Lot projects to 229.06 megawatts.

Thai Solar Energy Public Company Limited, or TSE, has signed a memorandum of understanding with Sungrow Power Supply, a global inverter manufacturer from China, to supply solar inverters for 15 Solar Big Lot projects with a total installed capacity of 99.70 megawatts, scheduled for commercial operation between 2027 and 2030. TSE's entire Solar Big Lot portfolio comprises 28 projects with a total capacity of 229.06 megawatts. Of these, the 15 projects are part of the next phase, which plans to develop an additional 24 projects with a total installed capacity of 198.86 megawatts. The first phase, consisting of 4 projects with a total installed capacity of 30.20 megawatts, is currently under construction and will gradually achieve commercial operation in early 2027. Dr. Cathleen Maleenont, CEO of TSE, stated that selecting technology partners with international standards is a key strategy, and the collaboration with Sungrow will enhance project efficiency while supporting the company's clean energy expansion goals.

A number of A-share companies have collectively disclosed their share buyback progress for July, with leading firms making sizable repurchases that stood out in the market. Baijiu leader Wuliangye bought back approximately 802 million yuan in July alone, bringing its cumulative buyback amount to about 1.002 billion yuan as of July 31. The company had earlier approved a plan to repurchase shares worth between 8 billion and 10 billion yuan within 12 months. Luxshare Precision had spent a total of about 1 billion yuan on its A-share buybacks by the end of July. Yonghe Shares completed its first buyback of roughly 8.1774 million yuan on the very first trading day after its shareholders' meeting approved a 150 million to 300 million yuan repurchase plan. In addition, Daqin Railway plans to buy back shares worth 400 million to 500 million yuan and cancel all of them to reduce registered capital. Sungrow Power intends to use 500 million to 1 billion yuan for share buybacks to fund employee stock ownership plans or equity incentives. Unilumin Group, PoCo Holding, Hongjing Technology, and Shenglan Technology also disclosed buyback plans ranging from tens of millions of yuan to 200 million yuan.

Multiple listed companies on the Shanghai and Shenzhen exchanges disclosed positive announcements on the evening of August 3. Sunshine Co.'s controlled subsidiary plans to invest up to 980 million yuan in building the Sunshine Intelligent Computing Center project. Xingyun Technology has long-term framework orders for computing power and storage on hand exceeding 15.4 billion yuan. Hainan Expressway's wholly-owned subsidiary plans to acquire a 100 percent stake in Jiaokong Technology for 36.1038 million yuan. Rongbai Technology's Guizhou base, with an annual production capacity of 340,000 tons of lithium iron phosphate, is expected to be fully operational by the end of September. Shengda Resources' controlled subsidiary's Caiyuanzi copper-gold mine has entered the formal production stage. Laier Technology plans to raise no more than 1.17 billion yuan through a private placement for new energy carbon-coated foil and other projects. China Micro Corporation expects its first-half net profit to grow by 282.48 percent to 310.81 percent year-on-year. WuXi AppTec's first-half net profit rose 29.43 percent year-on-year, and it plans to distribute 5.1 yuan per 10 shares. Shandong Hi-Speed plans to repurchase shares worth 100 million to 200 million yuan for cancellation. Wuliangye has already spent 1.002 billion yuan on share repurchases. Daqin Railway plans to repurchase shares worth 400 million to 500 million yuan for cancellation. Sinoma International signed a 476 million US dollar equipment supply contract with a company under the Dangote Group. Gaole Co.'s wholly-owned subsidiary signed a 3.195 billion yuan computing power service contract. Nanfang Precision plans to bid for land and invest about 1.024 billion yuan in building a precision components project. Sungrow Power plans to repurchase shares worth 500 million to 1 billion yuan. Shida Shenghua plans to invest a total of 2.805 billion yuan in building three projects for liquid lithium salt, electrolyte, and others.

Since the beginning of this year, multiple listed companies have joined hands with financial institutions and local state capital to intensively set up energy storage industry funds. Sungrow Power Supply's holding subsidiary Sungrow Renewables, together with Huatai Baoli and Huatai Asset Management, jointly established the Suzhou Huaxu Fund with a total committed capital of 1 billion yuan, of which Sungrow Renewables committed 199 million yuan. The fund will invest in wind power, centralized photovoltaic, and energy storage projects, requiring a single investment installed capacity of over 200 megawatts and an overall capital internal rate of return of no less than 8 percent. Senior Energy Materials participated in setting up the Shenzhen Yuanzhi Xingyuan Venture Capital Fund, planned at 500 million yuan, with Senior Energy Materials committing 151 million yuan, mainly investing in key projects such as headquarters research and development and production manufacturing across the entire new energy storage industry chain. Kaibo Capital, together with CALB, Shengtun Group, Nuode New Materials, Hymson Laser, and Guoxia Technology, initiated the Kaibo Co-creation Fund with a total scale of 5 billion yuan and an initial registered scale of 1.6 billion yuan, covering the entire industry chain of resources, materials, equipment, battery cells, and application scenarios. State capital is also accelerating its entry. Tagen Group, together with Shenzhen Capital Group and Sunwoda, jointly launched the Yuanzhi Jianxin Energy Storage Asset Private Equity Fund with a total scale of 500 million yuan, focusing on electrochemical energy storage stations and integrated solar-storage-charging stations. Corun participated in setting up an energy storage fund with a target scale of 2 billion yuan, with partners including enterprises with state capital backgrounds from the Tianjin Binhai New Area. Mo Ke, founder of Zhenli Research, stated that this model, by combining the industrial resources of listed companies with the power of capital, provides projects with clearer industrial synergy and exit pathways, and has become a common industrial investment approach in the new energy sector.

Sunwoda subsidiary Sunwoda EVB has launched a Series C+ capital increase. Sungrow and Shehong Tianqi, a subsidiary of Tianqi Lithium, will together contribute 805 million yuan to subscribe for approximately 425 million yuan in new registered capital, representing a combined 2.93 percent stake in Sunwoda EVB after the capital increase. Sungrow will invest 655 million yuan to subscribe for roughly 346 million shares, raising its post-increase stake from 2.46 percent to 4.77 percent. Shehong Tianqi will invest 150 million yuan to subscribe for about 79.2181 million shares, giving it a 0.55 percent stake after the increase. Prior to this capital increase, the total equity value of Sunwoda EVB was determined to be 26.6798 billion yuan. Sunwoda EVB reported a net profit of 13.0452 million yuan in the first quarter of 2026, compared with a net loss of 3.169 billion yuan for the full year 2025. This capital increase aims to bring in downstream core customer Sungrow and upstream lithium resource supplier Tianqi Lithium as strategic investors, building a long-term stable upstream-downstream collaboration system. This marks Sunwoda EVB's second capital increase and share expansion this year, following the Series C financing completed in May, which introduced 13 investors contributing a total of 1.6798 billion yuan at a valuation of 25 billion yuan. The market is watching Sunwoda EVB's spin-off and listing progress. The company had announced plans in July 2023 to spin off and list on the ChiNext board of the Shenzhen Stock Exchange, but there have been no new developments since.

On the evening of July 24, multiple listed companies on the Shanghai and Shenzhen stock exchanges released important announcements. CATL reported first-half net profit of 43.284 billion yuan, up 41.98 percent year-on-year, and plans to distribute 14.11 yuan per 10 shares, as well as repurchase shares worth 20 billion to 40 billion yuan for cancellation. Hikvision posted first-half net profit of 7.896 billion yuan, a 39.57 percent increase, and intends to pay 5.5 yuan per 10 shares. TCL Technology's acquisition of a 45 percent stake in Guangzhou Huaxing Semiconductor has been approved by the Shenzhen Stock Exchange, after which it will hold 100 percent equity. Sunwoda's subsidiary Sunwoda Power plans to bring in Sungrow and Tianqi Lithium for a combined capital increase of 805 million yuan, corresponding to a 2.93 percent stake. Lens Technology's wholly-owned subsidiary signed a memorandum of cooperation with Intel, focusing on TGV advanced packaging technology. EVE Energy responded to LG Energy Solution's patent infringement lawsuit, stating that it has not infringed any patents. In addition, companies such as Xintian Technology, Pu Lian Software, and Beiken Energy suspended trading due to controlling shareholders planning changes in control rights. Cabio Biotech will be subject to other risk warnings, with its stock abbreviation changed to ST Cabio Biotech.

At the 2026 Solar PV Industry Supply Chain Development Workshop in Ningbo, Zhang Xianli, Vice President of Sungrow Power Supply, pointed out that the development logic of new energy under the new power system has fundamentally changed. He expects that over the next five years, electricity consumption by data centers and computing power will become the fastest-growing core incremental market for the solar PV industry. Data from the National Energy Administration shows that in the first half of this year, domestic new solar PV installations reached 72.07 gigawatts, a year-on-year decline of 66 percent. Yao Yao, Chief New Energy Analyst at Sinolink Securities, forecasts that in 2026, domestic new installations under conservative, neutral, and optimistic scenarios will be 155 gigawatts, 190 gigawatts, and 230 gigawatts respectively, representing year-on-year declines of 51 percent, 40 percent, and 27 percent. Several industry figures noted that the consumption bottleneck has evolved from a regional issue into a nationwide challenge. The main contradiction in the solar PV industry has shifted from cost reduction alone to balancing cost reduction with grid stability. The industry is accelerating its transformation toward solar-storage integration, with energy storage upgrading from a supporting cost attribute to an independent profit center. Lu Hefeng, Vice President of Ginlong Technologies, mentioned that this year's government work report for the first time incorporated industrial strategic coordination into the national strategy. The entirely new electricity demand brought by the AI era is opening unprecedented growth space for the solar PV industry. Industry insiders generally believe that comprehensively enhancing power system stability, full-chain economic viability, and comprehensive energy utilization efficiency has become the core of the solar PV industry's next development phase. In the future, solar PV must achieve a shift from weather-dependent generation to controllable and precise generation.

On the evening of July 21, multiple listed companies on the Shanghai and Shenzhen exchanges released significant positive announcements. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Xincun, in order to implement a DRAM fundraising project. After the capital increase, Zhuhai Xincun's registered capital will change from 150 million yuan to 200 million yuan. The chairman of G-bits proposed a cash dividend of 100 yuan for every 10 shares for the first half of 2026. JinkoSolar will change the purpose of 29.7213 million repurchased shares from equity incentives to cancellation and reduction of registered capital. A controlled subsidiary of Lianchuang Co. plans to invest approximately 550 million yuan to build a project with an annual output of 12,000 tons of VDF and supporting industrial chain products. Huaqin Technology expects its annual revenue from super-node products alone to exceed 10 billion yuan. Yuanjie Technology expects net profit for the first half of the year to be between 600 million and 650 million yuan, a year-on-year increase of 1,196.91% to 1,304.98%. Zhongyi Technology expects net profit for the first half of the year to be between 150 million and 180 million yuan, a year-on-year increase of 879.55% to 1,075.46%. The chairman of Sungrow Power proposed a share buyback of 500 million to 1 billion yuan. The controlling shareholder of Weichai Power plans to increase its holdings of the company's A-shares by 200 million to 400 million yuan. A wholly-owned subsidiary of Kanghui Co. signed a computing power service contract, with an estimated total value of 415 million to 679 million yuan. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Technology through the issuance of shares and cash payment, entering the motor control chip sector. The company's shares will resume trading on July 22. A concert party of a shareholder holding more than 5% of Dongwang Times increased its total holdings in the company by 1.08%.

On July 21, the three major A-share indices surged across the board. The Shanghai Composite Index closed at 3,864.37 points, up 1.79%, the Shenzhen Component Index rose 4.81%, and the ChiNext Index jumped 7.05%. Total market turnover for the day was approximately 2.97 trillion yuan, an increase of 256.1 billion yuan from the previous trading day. Over 3,100 stocks closed higher, with 121 hitting the daily limit. On the sector front, the National Integrated Circuit Industry Investment Fund holdings led the gains, followed by semiconductors, SMIC concept stocks, and memory chips. Oil and gas exploration and services, kitchen and bathroom appliances, pharmaceutical distribution, and combustible ice were among the biggest decliners. According to Securities Times Data Treasure, five stocks hit record closing highs today, and 12 stocks received buy ratings from institutions. Dragon and tiger list data shows that 14 stocks saw net institutional buying exceeding 10 million yuan each, with Accelink Technologies topping the list with net institutional buying of 677 million yuan. In evening announcements, Dongjing Electronics announced the removal of its delisting risk warning, with its stock abbreviation changing to Dongjing Electronics on July 23. Xi'an Yicai's monthly production and sales of 12-inch electronic-grade silicon wafers surpassed 1 million units. Wuzhou Medical plans to acquire a 100% stake in Xuanzhi Technology to enter the motor control chip sector. SF Holding completed its 6 billion yuan share buyback plan. Sungrow Power Supply Chairman Cao Renxian proposed a buyback of shares worth 500 million to 1 billion yuan.

Gbit Chairman Lu Hongyan has proposed formulating a 2026 semi-annual dividend plan, intending to distribute a cash dividend of 100 yuan per 10 shares, tax included, to all shareholders based on the total share capital after deducting shares in the repurchase account. Wuzhou Medical plans to acquire 100% equity of Xuanzhi Electronic Technology Shanghai Company Limited through a combination of share issuance and cash payment, entering the motor control chip sector; the company's shares will resume trading on July 22. GigaDevice plans to use 500 million yuan of A-share raised funds to increase capital in its wholly-owned subsidiary Zhuhai Hengqin Xincun Semiconductor Company Limited to implement a DRAM fundraising project. Several companies have released semi-annual performance forecasts: Yuanjie Technology expects net profit attributable to the parent company to increase by 1196.91% to 1304.98% year-on-year; Zhongyi Technology expects an increase of 879.55% to 1075.46%; and Feinan Resources expects an increase of 245.36% to 314.43%. SF Holding has completed its 2025 first-phase A-share buyback plan, repurchasing a total of 160 million shares with a total transaction amount of approximately 5.999 billion yuan. Sungrow Power's chairman has proposed a share buyback of 500 million to 1 billion yuan; Putailai plans to buy back shares worth 200 million to 300 million yuan; and Wolong Electric's chairman has proposed a buyback of 50 million to 100 million yuan. China Vanke's largest shareholder, Shenzhen Metro Group, has provided the company with a loan of up to 519 million yuan. Titan Wind Energy's wholly-owned subsidiary has received an order from an international shipowner for two plus two crude oil tankers, with a total contract value of approximately 1.874 billion yuan. ST Dongjing has had its delisting risk warning removed, and its stock abbreviation will change to Dongjing Electronics starting July 23.

Fidra Energy has reached financial close on its 500MW/1.1GWh West Burton C battery energy storage system project in Nottinghamshire, England. The European BESS developer, backed by EIG and the National Wealth Fund, secured £231 million in new loan facilities from a consortium of international lenders, adding to existing investment commitments from its backers. Total investment in the project is estimated at around £250 million. Construction is expected to begin later in 2026, with the facility becoming fully operational in 2028, and Sungrow will supply the batteries while H&MV Engineering serves as principal designer and contractor. Fidra has also signed a long-term offtake agreement with Drax Group for 50% of the project's capacity, and the project secured a 15-year UK capacity market award in March 2025.

Sungrow has officially launched the EnerNeo solid-state transformer, aiming to become a global leader in power electronic conversion technology for AI data centers. The new product supports a wide medium-voltage input range of 10 to 13.8 kilovolts, outputs 800 volts DC, has a rated power of 3 megawatts, and achieves a system conversion efficiency of 98.5 percent, primarily targeting AI data center scenarios. On the day of the launch, Sungrow signed strategic cooperation and framework procurement agreements with Dongyangguang and Zhonglian Data. The planned cooperation capacity with Dongyangguang is 30 megawatts, to be delivered in batches from 2026 to 2027. The planned capacity with Zhonglian Data is 100 megawatts, with a demonstration project expected to start by the end of 2026. Chairman Cao Renxian attended the launch event. Although he did not deliver a speech, he was present throughout. The company expects solid-state transformers to enter a large-scale deployment phase by 2028, and has already communicated with leading North American cloud providers, with small-batch prototype verification mainly in 2026.

A new patent landscape report on on-grid solar inverters reveals that China dominates global patent activity with 436 patents, followed by the United States with 159, out of a total of 722 patents filed across primary jurisdictions from 2010 to 2025. The report, added to ResearchAndMarkets.com, identifies 327 active patents, 207 pending, and 57 inactive or expired, with patent activity peaking in 2024 at 96 new filings. Global photovoltaic inverter shipments reached 589 gigawatts in 2024, up from 536 gigawatts in 2023, and the on-grid photovoltaic inverter market was valued at approximately 29.5 billion US dollars in 2024, expected to grow at around 8 percent annually through the early 2030s. Leading patent applicants include Huawei, Sungrow, China Electric Power Research Institute, Delta Electronics, SolarCity, and SMA Solar Technology AG, with strategic focuses on grid management, power conversion, and smart-grid integration.

A 22V Research report finds the United States relies on Chinese companies for almost 30% of its imports of AI-related products, with China playing a central role in data center supply chain components such as energy storage, transformers, critical minerals, and chemicals. The report notes that AI-related exports have accounted for about half the growth in China's overall exports this year, and many of the companies are listed in Shenzhen. Among the 10 biggest AI supply chain companies by market cap in the CSI 300 index, nine had at least doubled in the 12 months through May, including printed circuit board makers Victory Giant, Dongshan Precision, and Shengyi Technology, as well as multilayer ceramic capacitor manufacturer Sanhuan Group. On the server side, Foxconn Industrial Internet and Sungrow Power were also on the list, while optical and networking names InnoLight, Eoptolink, and TFC were highlighted by JPMorgan analysts for their role in high-speed data center links. Recent share price gains have pushed InnoLight and Foxconn Industrial Internet into the 1 trillion yuan market cap range.

A new report from ResearchAndMarkets.com forecasts the global inverter market will more than double by 2030, driven by surging renewable energy and electric vehicle infrastructure investment. The study segments the market by type, including solar inverters such as central, string, microinverters, and hybrid, as well as vehicle inverters for BEV, HEV, and PHEV variants, and finds the 100-300V output voltage segment will lead due to residential and small commercial use, while the utility end-user segment will grow fastest. North America is estimated to hold the second-largest regional share, supported by US and Canadian grid modernization and clean energy incentives. Profiled companies include Huawei Technologies, Sungrow, SMA Solar Technology, Enphase Energy, and Schneider Electric.