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智通财经网·2025-09-24 06:39

Company Overview - Kexin Technology is a leading provider of tower solar thermal power and molten salt energy storage solutions globally, focusing on technology research, equipment sales, and engineering applications, offering full lifecycle services from project development to operational support [3] - As of September 16, 2025, Kexin Technology is the only company in the world with experience in over 1GW of molten salt tower solar thermal power projects [3] Market Position - Kexin Technology has maintained a leading market position in providing solar collector systems and thermal storage systems, being the supplier for 11 out of 20 substantial tower solar projects in China, achieving a market share of 57.9% in installed capacity and 55.0% in project count [3][4] - The company is expanding its service and product offerings to include software and AI-enabled operational tools [4] Industry Context - The solar thermal power industry in China has entered a phase of large-scale commercialization, supported by policies and market reforms, with plans to build a total installed capacity of approximately 455 million kilowatts by 2030 [3] Financial Performance - Kexin Technology's revenue for the fiscal years ending December 31 for 2022, 2023, 2024, and the six months ending June 30, 2024, and 2025 were approximately RMB 20.85 million, RMB 858 million, RMB 2.189 billion, RMB 745.35 million, and RMB 980.94 million respectively [4][6] - The company reported profits of approximately RMB -91.26 million, RMB 248.33 million, RMB 540.06 million, RMB 205.81 million, and RMB 233.05 million for the same periods [4][6]