Linyang Energy Targets 6.742 Billion Yuan Revenue in 2024 While Expanding Global Development Strategy

Lin Yang Energy has announced its annual report for 2024, projecting operating revenue of 6.742 billion yuan and a net profit attributable to shareholders of 753 million yuan.

During 2024, the new energy sector faced dual challenges from <b>price competition</b> and <b>technological evolution</b>, leading to significant changes in the industry landscape. Many companies within the sector experienced short-term developmental pains. However, the ongoing global energy transition and the sustained push towards achieving the <b>"dual carbon"</b> goals have established a positive long-term growth trajectory for the industry.

In response to these challenges, <b>Lin Yang Energy</b> has been proactive. The company has strengthened its overseas market presence in the smart division, upgraded its new energy segment, and expanded its smart operation and maintenance services. The energy storage sector has aligned closely with policy trends, consolidating its domestic base while actively exploring international markets.

According to the annual report, by the end of 2024, the company reported a net operating cash flow of <b>973 million yuan</b>, a remarkable increase of <b>185.19%</b> year-on-year, with cash reserves of <b>4.576 billion yuan</b> and a <b>debt-to-asset ratio</b> of <b>36.25%</b>. These figures highlight the company's ability to optimize its business structure and manage risks effectively.

The intelligent meter segment has seen robust growth as global energy transitions accelerate. Reports from <b>Huajin Securities</b> indicate that the <b>State Grid</b> has announced three batches of electric meter tenders, amounting to <b>24.917 billion yuan</b> in contracts, which is approximately a <b>7%</b> increase compared to 2023. During this period, <b>Lin Yang Energy</b> successfully secured a total contract amount of <b>1.232 billion yuan</b> from both the State Grid and the Southern Grid, reflecting over a <b>30%</b> year-on-year increase.

In addition to solidifying its domestic market, <b>Lin Yang Energy</b> has been focusing on expanding into international markets. In 2024, its overseas business generated <b>1.126 billion yuan</b> in revenue, marking a growth of <b>34.22%</b>. The company has engaged in collaborations with established meter manufacturers like <b>Langjie</b> to increase market share in Western Europe and the Asia-Pacific region. Its subsidiary, <b>EGM</b>, has secured orders exceeding <b>800 million yuan</b> in the Polish market, achieving a market share of over <b>30%</b>.

In the renewable energy sector, <b>Lin Yang Energy</b> is transitioning from a capital-intensive model to a lighter asset approach, focusing on technology-driven and platform-supported development. The company has also expanded its smart operation and maintenance services, leveraging its proprietary cloud platform to cover various fields, including photovoltaic, wind, and energy storage. As of March 2025, the cumulative installed capacity of signed operation and maintenance projects has surpassed <b>18 GW</b>, with a year-on-year growth of <b>50%</b>.

The company's commitment to optimizing resource allocation through power trading has enhanced investment returns. During the reporting period, notable projects included the <b>45 MW</b> photovoltaic project in Guannan and the <b>50 MW</b> project in Suixi, which successfully increased electricity settlements significantly over benchmark prices.

Recently, a joint document issued by the <b>National Development and Reform Commission</b> and the <b>National Energy Administration</b> has highlighted the importance of stimulating demand for green electricity certificates, which is expected to support the high-quality development of the photovoltaic industry. Analysts from <b>CITIC Securities</b> suggest that the photovoltaic sector, being a globally leading industry in China, is poised for a reversal of challenges by 2025.

<b>Lin Yang Energy</b> aims to continue advancing its renewable energy projects while leveraging its expertise in power plant design and project management to expand overseas. The company is also strategically focused on enhancing its energy storage business, catering to various applications both domestically and internationally.

By the end of 2024, the company has delivered over <b>4.5 GWh</b> of energy storage systems and secured projects totaling more than <b>10 GWh</b> in capacity. Domestically, it has successfully bid for projects with China Energy Construction and completed multiple deliveries across various regions.

Internationally, <b>Lin Yang Energy</b> is targeting five core overseas markets: Europe, the Middle East, Asia-Pacific, Africa, and other niche sectors. The company employs dual business models, leveraging existing marketing networks while collaborating with local partners to develop the global battery storage market.

As the global demand for energy storage continues to rise, industry reports indicate that <b>global energy storage battery shipments</b> are expected to reach <b>369.8 GWh</b> in 2024, reflecting a <b>64.9%</b> year-on-year increase. <b>Lin Yang Energy</b> stands to benefit significantly from this trend.

In light of its strong financial position and commitment to shareholder returns, the company has announced a plan for cash dividends in mid-2025, proposing a payout of no less than <b>50%</b> of the net profit attributable to shareholders during that period.