In anticipation of interest rate cuts in Europe, inverter production is scheduled to increase markedly in April
Institutional research reports indicate that in terms of photovoltaics, there was a slight decline in module production in late April and May, but inverter production began to increase markedly in April and continued in May, and the Q2 inflection point was established.
Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
Aero Energy: Q1 gross profit margin was 40.05% year-on-year flat, and inventory conditions improved | Direct performance report
① The company's gross margin for the first quarter of 2024 was 40.05%, the same as the previous year; sales of many new products began in April; ② Due to European inventory removal, etc., the net profit of inverter companies Goodway, Hemai Co., and Yuneng Technology have all declined to varying degrees since 2023. Li Xinfu, chairman and general manager of Aero Energy, said, “The company is in the process of helping channels jointly remove inventory, and the inventory situation has improved.”
2024 First Quarter Report (Revised Draft)
Corrections to the 2024 First Quarter Report
Saiwu Technology: Phototransfer film shipments are expected to grow in 24 years, and the first overseas base will be put into operation in mid-year | Direct performance report
① Saiwu Technology's Q1 phototransfer film product shipments increased year-on-year in 2024. The company expects that future phototransfer film shipments will also increase dramatically. ② Last year, N-type film shipments doubled year-on-year, accounting for nearly 40% of total shipments. The company aims to continue to increase the proportion of N-type film shipments in 2024. ③ The first overseas production site in Vietnam is scheduled to be put into operation by the middle of this year, while a production site in Xuancheng, Anhui is also being planned.