Core Viewpoint - DeYe Co., Ltd. reported strong financial performance in the first half of 2025, with significant growth in both revenue and net profit, driven by increased demand for inverter and energy storage products in various global markets [1][4]. Financial Performance - The company achieved a revenue of 5.535 billion yuan, representing a year-on-year increase of 16.58% [1] - The net profit attributable to shareholders was 1.522 billion yuan, up 23.18% year-on-year [1] - Revenue from inverter products reached 2.644 billion yuan, a growth of 13.90%, accounting for 47.93% of the main business income [1] Product Sales and Market Demand - Total sales of inverters reached 763,800 units, including 272,700 household storage inverters and 42,900 commercial storage inverters [1] - The company noted a rapid increase in global demand for commercial storage driven by policy support in Europe and high electricity prices in regions like Pakistan and Nigeria [1][4] - The energy storage business has outpaced the inverter business in growth, with energy storage battery products generating 1.422 billion yuan in revenue, an increase of 85.80% [2] Product Development and Innovation - DeYe launched a new off-grid storage inverter model with integrated functionalities, enhancing convenience for users [2] - The company expanded its commercial energy storage solutions, offering modular designs that reduce costs by 30% and improve efficiency [2] Global Market Strategy - The company reported that overseas revenue reached 3.878 billion yuan, accounting for approximately 70% of main business income [4] - Southeast Asia contributed 30% to 40% of the overseas revenue [4] - DeYe is actively promoting its brand globally through exhibitions and roadshows in various countries [3] Industry Context - Competitors like Sungrow and Jinlang Technology also reported strong financial results, with significant increases in both domestic and overseas revenues [5][6] - The global inverter market is expected to see steady growth, with annual shipments projected to reach 685.47 GW by 2030 [6] - The energy storage market is anticipated to experience explosive growth, with cumulative installed capacity expected to rise from 27 GW in 2021 to 358 GW by 2030, reflecting a compound annual growth rate of over 33% [6]