Zheng Quan Shi Bao Wang·2025-08-27 00:17Core Viewpoint - The report from Huatai Securities indicates a slight decline in China's inverter export value in July 2025, attributed to seasonal factors, increased power outages, and significant growth in wind and solar installations [1] Summary by Relevant Categories Export Performance - In July 2025, China's inverter export value reached 6.51 billion yuan, showing a month-on-month decrease of 1.2% [1] - Cumulative inverter export value from January to July 2025 was 37.11 billion yuan, reflecting a year-on-year increase of 9.0% [1] - The number of inverters exported in July was 4.6 million units, which is a month-on-month decrease of 10.3% [1] - The average export price per unit in July was 1,416 yuan, marking a month-on-month increase of 10.2% [1] - Total cumulative export quantity from January to July 2025 was 31.059 million units, with a year-on-year growth of 2.1% [1] Demand Drivers - Key drivers for demand include power outages, rising electricity prices, and significant growth in wind and solar installations [1] - Huatai Securities believes that the long-term demand for inverters is strongly determined [1]