Recently, Ningbo Deye Technology Co., Ltd. and Shenzhen Highpower Technology Co., Ltd. released earnings preannouncements projecting profit growth for the first three quarters of 2026.
Ningbo Deye Technology
On October 14, Ningbo Deye Technology announced that its net profit attributable to shareholders of the parent company for the first three quarters of 2026 is projected to reach approximately RMB 4.22 billion to RMB 4.32 billion, representing a year-on-year increase of 79.81% to 84.07%. Its net profit after deducting non-recurring gains and losses is expected to reach approximately RMB 3.95 billion to RMB 4.06 billion, up 73.33% to 78.16% year-on-year.
In terms of single-quarter performance, based on calculations combining the three-quarter forecast and financial data from the first half of the year, Deye’s third-quarter net profit attributable to the parent company is estimated at approximately RMB 1.503 billion to RMB 1.603 billion, remaining virtually flat compared with RMB 1.529 billion in the second quarter.
Addressing the reasons behind the substantial earnings surge, Deye stated in the announcement that sales revenue from its residential energy storage and commercial and industrial (C&I) energy storage products grew significantly year-on-year during the reporting period, which boosted operating revenues and propelled overall business performance growth.
Shenzhen Highpower Technology
On October 12, Shenzhen Highpower Technology Co., Ltd. released its earnings forecast for the first three quarters of 2026. The company expects to achieve operating revenue of RMB 5.153 billion to RMB 5.271 billion for the first three quarters of 2026, an increase of 17.34% to 20.02% year-on-year.
Within this total, net profit attributable to shareholders of the parent company is expected to range between RMB 233 million and RMB 241 million, reflecting a year-on-year increase of 32.96% to 37.62%. Net profit after deducting non-recurring gains and losses is forecast at RMB 207 million to RMB 215 million, representing a year-on-year increase of 27.93% to 33.00%.
On a single-quarter basis, in Q3 2026, the company expects to generate operating revenue of RMB 1.969 billion to RMB 2.087 billion, up 20.89% to 28.13% year-on-year; net profit attributable to the parent company for the quarter is estimated at RMB 110 million to RMB 118 million, up 40.17% to 50.57% year-on-year.
Regarding the drivers of performance growth, Highpower Technology stated that its energy storage business maintained rapid growth, driven by rising demand across domestic and international markets, while the company continued to advance customer acquisition, order fulfillment, and production capacity ramp-up. The company noted that the energy storage segment is progressively emerging as an essential growth engine, and it is actively expanding into emerging applications, including AI Data Center (AIDC) energy storage.
Source：EnergyTrend