宁波600亿光储龙头，欲借储能东风重回巅峰

Core Insights - The leadership transition at Deye shares a significant milestone as Zhang Dongye, the son of founder Zhang Hejun, becomes the new legal representative in 2024, indicating a shift in power dynamics within the company [1][5][6] - Deye has been actively seeking new growth opportunities after a decade of transformation into the solar and energy storage sector, aiming to capitalize on the booming market [2][10] Leadership Transition - Zhang Hejun, the founder of Deye, has stepped down as general manager, passing the role to Zhang Dongye, marking a substantial change in the company's core leadership [3][5] - Zhang Dongye has been with Deye for 20 years, starting from the grassroots level, which positions him well for his new role [1][3] Company Performance - Deye reported a strong performance in the first half of 2025, achieving revenue of 5.535 billion yuan, a year-on-year increase of 16.58%, and a net profit of 1.522 billion yuan, up 23.18% [7] - Despite the overall photovoltaic industry facing challenges, Deye stands out as one of the few profitable companies in the A-share solar sector, with its energy storage segment driving growth [8][9] Market Position and Future Plans - Deye's energy storage business has become its largest revenue source, accounting for over 70% of total revenue, with plans to further develop commercial storage products to meet market demand [9][10] - The company is set to invest over 2.1 billion yuan in a new production line for commercial energy storage, with an expected annual capacity of 16 GWh [9][10]