Recently, Chint Power released its 2025 Annual Report and 2026 First Quarter Report. Data shows that the company achieved steady performance growth in 2025, while facing certain downward pressure on profits in Q1 2026.
Steady and High Revenue Growth Achieved in 2025
In 2025, the company realized a total operating revenue of 4.065 billion yuan, representing a year-on-year increase of 20.6%. Among this, the net profit attributable to shareholders of the listed company reached 281 million yuan, marking a year-on-year growth of 29.56%.
Looking at the business structure, the company implements a dual-main-business-driven operating model, consisting of the solar-storage inverter and energy storage system business, alongside the metal products business. Notably, the photovoltaic and energy storage equipment and component manufacturing business delivered an outstanding performance, achieving an annual operating revenue of approximately 2.679 billion yuan. This represents a significant year-on-year surge of 32.73%, with a gross profit margin reaching 31.28%.
Within the energy storage subdivision, the company's energy storage products generated a total revenue of approximately 534 million yuan, reflecting a massive year-on-year growth of 172.03%, with a gross profit margin of 25.96%. During the reporting period, benefiting from the deepening transition of the global energy structure and the increased demand for power grid flexibility, the downstream large-scale energy storage market saw robust demand. The sales volume of the company's energy storage products reached 647.16 MWh, boasting a year-on-year increase of up to 120.93%.
Regarding overseas market expansion, the company not only continued to consolidate its leading position in three-phase string inverter shipments in traditional stronghold markets such as North America and South Korea, but also achieved breakthroughs in its energy storage business across multiple European countries and the Japanese frequency regulation market.
Q1 2026: Revenue Maintains Slight Growth
However, entering the first quarter of 2026, the company's performance faced short-term pressure. During this period, the company realized an operating revenue of 819 million yuan, a slight year-on-year increase of 1.41%; the net profit attributable to the parent company was 15.05 million yuan, a year-on-year decrease of 17.83%.
In response to this, the company stated that during the reporting period, financial expenses surged significantly by 244.40% year-on-year. This was primarily due to an increase in foreign exchange losses during the current period, which ultimately led to the profit pressure experienced in Q1 2026.
Source：EnergyTrend