Shenghong shares' breakthrough in energy storage technology

Shenghong's breakthrough in energy storage technology has provided an important impetus for its performance growth. In particular, in the application of SiC (silicon carbide) technology, the company's new energy industry operating income accounted for as high as 77.65%, of which the sales revenue of new energy power conversion equipment and electric vehicle charging equipment achieved year-on-year growth of 255.65% and 99.58% respectively. In addition, the company's products in the field of energy storage mainly include energy storage converters, energy storage system electrical integration, photovoltaic storage integrated machines, etc., forming a differentiated competitive strategy different from general upstream and downstream companies.