Zheng Quan Shi Bao Wang·2025-06-11 07:06Core Insights - The SNEC PV+ 2025 International Solar Energy and Smart Energy Conference was held in Shanghai, where Midea Group launched its energy strategy [1] - Midea Energy, a brand under Midea Group, offers comprehensive energy solutions across various sectors including commercial, residential, large-scale storage, green buildings, and smart manufacturing [1] - Hacon New Energy, a key member of Midea Energy, showcased several products at the conference, including the Midea Villa Green Power Solution and the second-generation home energy storage products [1][2] Company Developments - Hacon New Energy officially launched its distributed photovoltaic EPC business in January 2024, rapidly expanding its marketing network across 22 provinces [2] - Following the implementation of the "5.31" policy, Hacon New Energy is exploring new profit models and has applied for electricity sales qualifications in multiple regions [2] - The upgraded Midea Villa Green Power Solution 2.0 features enhanced energy storage capabilities and allows for flexible charging and discharging based on local electricity pricing [3] Product Innovations - The new Midea Villa product can achieve a capacity of 90kW/240kWh through parallel battery packs, providing a safer and more economical experience for high-end green electricity users [3] - Hacon New Energy's second-generation home storage products seamlessly integrate with Midea's heat pump systems, enhancing the overall energy ecosystem [3] - The company also introduced a 40kW grid-connected inverter, expanding its product matrix to cover approximately 70% of the market application scenarios for home grid-connected inverters [3] Financial Performance - Hacon New Energy reported a revenue of 2.24 billion yuan in Q1 2025, representing a year-on-year increase of 220.56%, with a net profit of 28.16 million yuan, up 155.29% [3] - The company is expected to continue performing well in Q2 2025 based on market forecasts [3]