The 16 major companies in the fields of transformer manufacturing, solar energy, wind energy, hydropower, solar power, and energy technologies have released their 2024 annual financial reports. Here are the key highlights:
As of May 2, 2025, the annual revenue for the year 2024 is projected at 977.82 billion yuan, reflecting a slight decrease of 0.35% compared to the previous year. The net income is expected to be 41.35 billion yuan, down 61.37%. The operating profit is anticipated to be 39.38 billion yuan, a decline of 62.08%.
In the solar energy sector, the expected revenue for 2024 will be 924.71 billion yuan, representing a decrease of 22.08%. The net income is projected at 9892.76 million yuan, which is a significant drop of 98.67%. Additionally, the operating profit is forecasted to be -9.32 billion yuan, marking a decline of 113.50%.
For wind energy, the estimated revenue for 2024 is 825.82 billion yuan, a decrease of 36.23%. The net profit is expected to be 86.18 billion yuan, unchanged from the previous year, representing the first annual profit drop since 2013.
In hydropower, the projected revenue for 2024 is 802.82 billion yuan, indicating a decline of 29.21%. The net income is expected to be 34.43 billion yuan, unchanged from the previous year.
For solar power, the anticipated revenue for 2024 is 778.57 billion yuan, which is an increase of 7.76%. The net income is projected at 110.36 billion yuan, reflecting an increase of 16.92%.
In technology developments, the projected revenue from solar technology is expected to reach 701.21 billion yuan, a decline of 14.02%. The net income is expected to be 46.56 billion yuan, significantly lower compared to the previous year.
The transformer manufacturing sector anticipates a revenue of 645.19 billion yuan, a rise of 12.70%. The net income is projected at 38.74 billion yuan, an increase of 5.10%.
In summary, the financial outlook for 2024 shows various declines in different sectors, emphasizing the challenges faced by these major companies in the energy market.
For more detailed financial insights and company performance, you may refer to the respective financial reports or consult the financial analysis platforms available.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/top-16-renewable-energy-companies-and-their-2024-financial-performance-insights/
