Analysis
Sineng Electric 2024 Annual Results: Storage PCS Margins Up 7 Points, Overseas Revenue Up 69%
Sineng Electric
📍 Wuxi, China · Est. 2004Listed · SZSE: 300827
Overview
Sineng Electric, founded in 2004 and headquartered in Wuxi, Jiangsu, is a BloombergNEF Tier 1 inverter manufacturer ranked among the top five globally in PV inverter shipments. The company specialises in grid-forming BESS power conversion, with energy storage generating more than RMB 2 billion of revenue in 2025. Sineng Electric manufactures in China and India and runs sales offices across Europe, the Middle East, the Americas and Asia Pacific.
At a Glance
RMB 5.63B (~US$795M)
Revenue
1,942
Employees
Products
Sineng Electric offers 13 BESS products across 2 categories: PCS, PCS + MV Skid. 13 products have detailed specifications available.
PCS
PCS + MV Skid
Global Presence
Sineng Electric is headquartered in Wuxi, China with manufacturing in China (Wuxi, Shenzhen), India (Bangalore). 12 known facilities worldwide.
HQ
Manufacturing
Sales
Facilities
HQ
Wuxi, Jiangsu, China
Manufacturing
Shenzhen, Guangdong, ChinaBengaluru, Karnataka, India
Sales
Suzhou, Jiangsu, ChinaChengdu, Sichuan, ChinaMunich, GermanyMadrid, SpainAthens, GreeceDubai, United Arab EmiratesKaty, Texas, United StatesSao Paulo, BrazilSingapore
Financials & Reports
Sineng Electric is publicly listed (SZSE: 300827). Key figures from FY2025. Annual report available for download.
Key Figures
RMB 5.63B (~US$795M)
Revenue
RMB 463M (~US$65.3M)
Net Income
23.3% (storage)
Gross Margin
RMB 328M (~US$46.3M)
R&D Spending
1,942
Employees
RMB 2.04B (~US$288M)
ESS Revenue
Source: 2025 annual report (CNINFO). Revenue +17.95% YoY; energy storage segment RMB 2.04B (+5.64%), 36.2% of revenue; overseas revenue RMB 2.07B (+78.14%).
Independent Analysis
›
Analysis
Sineng Electric 2025 Annual Results: RMB 2.04 Billion Storage PCS Revenue, #5 Globally
Stock Price Performance
Sustainability
Sineng Electric publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2025.
ESG Key Figures
601
R&D Staff
Source: 2025 ESG report
Certifications & Compliance
Sineng Electric holds 3 certifications covering quality management, environmental standards, and safety compliance.
ISO 9001
ISO 14001
ISO 45001
Reference Projects & Case Studies
Selected BESS projects officially disclosed by Sineng Electric. 5 documented projects with case studies available for download.
