DeYao Co., Ltd. has announced its projected net profit for the first quarter of 2025, estimating a range between 650 million and 700 million yuan. This figure reflects an increase of approximately 217.1 million to 267.1 million yuan compared to the same period last year, representing a year-on-year growth of 50.15% to 61.70%. The company attributes this performance largely to the rising demand for energy storage, particularly in emerging markets such as Southeast Asia, Africa, and the Middle East, where power supply shortages have further stimulated storage needs.
In addition, certain markets in Europe are experiencing sustained growth driven by policy directions, energy transitions, and economic factors. DeYao Co., Ltd. also stated that it has effectively managed exchange rate risks through proactive currency management, leading to favorable returns. Furthermore, the company recognized several government grants related to revenue during the first quarter.
For the full year of 2024, DeYao Co., Ltd. expects significant growth, projecting a total revenue of 11.195 billion yuan, a 49.67% increase year-on-year. The company anticipates a total profit of 3.39 billion yuan, reflecting a 61.69% rise, and a net profit attributable to shareholders of 2.952 billion yuan, which is expected to grow by 64.80%.
In the context of a challenging global energy storage market, DeYao Co., Ltd. aims to enhance its market position by expanding its energy storage inverter product lines, particularly benefiting from diverse growth in market demands.
On another note, the company’s subsidiary in Malaysia recently signed a land purchase agreement for approximately 194.3 million yuan to establish a new production base, further solidifying its commitment to international expansion.
In conclusion, DeYao Co., Ltd. continues to navigate the complexities of the energy market while positioning itself for substantial growth and innovation in energy storage and solar technology.
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