Shenghong Co., Ltd. reported on April 2 that for the year 2024, the company achieved an operating revenue of 3.036 billion yuan, reflecting a year-on-year increase of 14.53%. The net profit attributable to shareholders of the listed company reached 429 million yuan, marking a 6.49% increase compared to the previous year. The basic earnings per share stood at 1.3843 yuan.
The company has proposed a profit distribution plan for 2024, which includes a cash dividend of 5.00 yuan for every 10 shares held by shareholders.
In the context of the energy sector, Shenghong Co., Ltd. has seen significant growth in emerging markets such as the Middle East, which has accelerated innovations in energy storage business models. The rapid development of renewable energy generation and electric vehicle charging is expected to further expand the market demand for electric power quality.
In other recent developments, Shenghong Co., Ltd. has established a strategic cooperation agreement with Yiwei Lithium Energy and has been recognized among the Top 10 Global Energy Storage Inverter Manufacturers by S&P Global. The company continues to focus on long-term sustainable development, launching several innovative energy storage products.
As the energy sector evolves, Shenghong Co., Ltd. remains committed to expanding its presence in the energy storage market, leveraging advancements in technology and strategic partnerships.
