Analysis
Sungrow 2024 Annual Results: 28 GWh Shipped, CNY 25.0 Billion ESS Revenue
Sungrow
📍 Hefei, China · Est. 1997Listed · SZSE: 300274
Overview
Sungrow Power Supply, founded in 1997 and headquartered in Hefei, China, is one of the world's largest manufacturers of power conversion systems and integrated AC-coupled battery energy storage systems. The company shipped 43 GWh of energy storage systems in 2025, ranking among the leading global suppliers by volume. Sungrow manufactures in China, India and Thailand, and is building its first plant outside Asia in Walbrzych, Poland.
At a Glance
RMB 89.18B (~US$12.6B)
Revenue
19,006
Employees
43 GWh
ESS Shipments
AAA
MSCI ESG Rating
Products
Sungrow offers 12 BESS products across 4 categories: AC Block, DC Block, PCS & MV Skid, Plant Controls. 7 products have detailed specifications available.
AC Block
DC Block
PCS & MV Skid
Plant Controls
Global Presence
Sungrow is headquartered in Hefei, China with manufacturing in China, India, Thailand, Poland (under construction). 10 known facilities worldwide.
HQ
Manufacturing
R&D
Facilities
HQ
Hefei, Anhui, China
Manufacturing
Shanghai, ChinaBozhou, Anhui, ChinaYancheng, Jiangsu, ChinaBengaluru, Karnataka, IndiaChonburi, ThailandWalbrzych, Poland
R&D
Nanjing, Jiangsu, ChinaShenzhen, Guangdong, ChinaXi'an, Shaanxi, China
Financials & Reports
Sungrow is publicly listed (SZSE: 300274). Key figures from FY2025. Annual report available for download.
Key Figures
RMB 89.18B (~US$12.6B)
Revenue
RMB 13.46B (~US$1.90B)
Net Income
31.8%
Gross Margin
RMB 4.18B (~US$590M)
R&D Spending
19,006
Employees
43 GWh
ESS Shipments
Source: FY2025 annual report
Independent Analysis
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Analysis
Sungrow 2025 Annual Results: 43 GWh Storage Shipped, RMB 37.3 Billion ESS Revenue (+49%)
Stock Price Performance
Sustainability
Sungrow publishes an ESG report covering environmental, social, and governance practices. Rated AAA by MSCI ESG. Key metrics from 2025.
ESG Key Figures
AAA
MSCI ESG Rating
11,504
Patents
7,625
R&D Staff
Source: 2025 ESG report
Certifications & Compliance
Sungrow 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 Sungrow. 5 documented projects with case studies available for download.
