Jinpan Technology's revenue will increase by 40.50% in 2023, with a net profit of 481 million yuan

Jinpan Technology achieved operating income of 6.668 billion yuan in 2023, an increase of 40.50% over the same period last year, and a net profit of 481 million yuan. The company focuses on the research and development, production and sales of transformer series, switchgear series, box transformer series, power electronic equipment series and energy storage series. In addition, the company is also actively expanding overseas markets. In 2023, overseas sales revenue reached 1.177 billion yuan, a year-on-year increase of 79.54%.