Performance analysis of 24 energy storage system companies

The performance analysis of 24 energy storage system companies shows that with the rapid decline in the cost of energy storage per kilowatt-hour and the gradual release of production capacity, the energy storage industry has entered a period of rapid growth. In terms of revenue, Trina Solar is far ahead with a revenue of 18.26 billion yuan in the first quarter of 2024, while Zhongtian Technology, Risen Energy, Huayang Shares, Mingyang Smart Energy, GCL Integration, Camel Shares, Siyuan Electric, and Yuneng Holdings have increased their revenue by more than 2 billion. In terms of net profit attributable to the parent company, Huayang Shares ranks at the forefront with a net profit of 867.3 million yuan, and the growth rate of net profit attributable to the parent company is nearly -50%, while Autex, Chunxing Precision, Kexin Technology, Power Source, Jicheng Electronics, Jinko Technology, and Risen Energy have suffered losses.