China Southern Power Grid Technology releases 2023 annual report, energy storage technology service revenue increases significantly

Recently, China Southern Power Grid Electric Power Technology Co., Ltd. (hereinafter referred to as: China Southern Power Grid Technology) released its 2023 annual report. The report shows that the company's main business revenue reached 2.5 billion yuan, with a gross profit of 28.97%. Among them, the revenue of energy storage technology services reached 700 million yuan, a significant increase of 123.11% year-on-year, and the proportion increased to 28.62%. The gross profit of energy storage technology services was 14.69%, an increase of 3.08 percentage points over the same period last year. In addition, the company's cumulative energy storage system integration scale has exceeded 1GWh, and it has core technologies in energy storage system integration optimization and other aspects.