EAGLERISE(CHINA)(SZ:002922) 智通财经网·2026-01-30 06:40Company Overview - Igor Electric Co., Ltd. is a global supplier of power equipment and solutions, focusing on multiple application areas including new energy, data centers, power distribution, industrial control, and lighting [3] - The company ranks second among Chinese suppliers in the global medium voltage transformer market with a market share of 2.2% as of 2024 [3] - Igor has established a presence in over 60 countries and regions, providing customized integrated solutions to empower global customers [3] Financial Performance - For the fiscal year ending December 31, 2023, the company reported revenues of approximately RMB 3.616 billion, with a projected increase to RMB 4.602 billion in 2024 [7] - The net profit for the fiscal year 2023 was approximately RMB 216.843 million, expected to rise to RMB 300.162 million in 2024 [8] - The gross profit margin for 2023 was 21.7%, projected to decrease to 20.1% in 2024 and further to 17.8% for the nine months ending September 30, 2025 [10] Market Position - In the new energy transformer sector, Igor is expected to achieve approximately RMB 2.6 billion in revenue in 2024, capturing about 3.7% of the global market [4] - The company ranks third among Chinese suppliers in the data center transformer market with a revenue of approximately RMB 149.3 million, representing a 2.3% market share [3] - Igor's revenue in the lighting power supply sector is projected to be around RMB 842.7 million in 2024, holding a 1.2% share of the global market [4] Industry Overview - The global transformer market is projected to grow from RMB 306.3 billion in 2020 to RMB 420 billion by 2024, with a compound annual growth rate (CAGR) of 8.2% [11] - The medium voltage transformer market is expected to expand significantly, driven by renewable energy integration and data center demands, with a projected market size of RMB 2.493 billion by 2030 [12]