Analysis
Deye 2025 Annual Results: RMB 9.05 Billion From Energy Storage
Deye
📍 Ningbo, China · Est. 2000Listed · SSE: 605117
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Pangkalahatang-tanaw
Ningbo Deye Technology, founded in 2000 and listed on the Shanghai Stock Exchange (605117), is a major manufacturer of solar inverters and energy storage systems. The company operates manufacturing facilities spanning over one million square meters in Ningbo, Jiaxing, and Cixi, with products sold in over 140 countries. Deye ESS Technology, a dedicated subsidiary, manufactures LFP battery systems for residential, C&I, and utility-scale applications with an annual production capacity of 6 GWh.
Sa isang sulyap
RMB 12.22B (~US$1.69B)
Revenue
6,044
Mga empleyado
777K packs
ESS shipments
Mga Produkto
Deye offers 15 BESS products across 3 categories: DC Block, AC Block, PCS + MV Skid.
DC Block
AC Block
PCS + MV Skid
Global presence
Deye is headquartered in Ningbo, China with manufacturing in China (Ningbo, Jiaxing, Cixi). 3 known facilities worldwide.
HQ
Manufacturing
Mga pasilidad
Head office
Ningbo, Zhejiang, China
Manufacturing
Cixi, Zhejiang, ChinaJiaxing, Zhejiang, China
Financial data at mga ulat
Deye is publicly listed (SSE: 605117). Key figures from FY2025. Annual report available for download.
Mga pangunahing datos
RMB 12.22B (~US$1.69B)
Revenue
RMB 3.17B (~US$439M)
Net income
38.1%
Gross margin
RMB 562M (~US$77.7M)
R&D spending
6,044
Mga empleyado
777K packs
ESS shipments
RMB 9.05B
ESS revenue
Source: Ningbo Deye Technology (605117.SH) 2025 Annual Report. Revenue covers all segments (inverters, energy storage, environmental appliances). Net income is profit attributable to shareholders. Gross margin is derived from total operating revenue and operating cost. ESS revenue is the sum of energy storage inverters (RMB 5.22B) and energy storage battery packs (RMB 3.83B). ESS shipments are the 777,000 energy storage battery packs sold in 2025, reported in units (up 67% year on year); the report gives no GWh figure.
Mga independiyenteng pagsusuri
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Video
Stock performance
Sustainability
Deye publishes an ESG report covering environmental, social, and governance practices. Key metrics from 2025.
Mga pangunahing ESG datos
4.30 t/RMB M
GHG intensity
542
Mga patent
868
R&D staff
0
Work-related na pagkamatay
Source: Ningbo Deye Technology 2025 Sustainability Report. GHG intensity is 4.30 tonnes CO2e of Scope 1 and 2 emissions (52,559 tCO2e in total) per million RMB of revenue. Patents are authorized patents within their validity period (50 invention, 367 utility model, 125 design). R&D staff is total R&D team members, 14.39% of employees. Zero work-related fatalities and zero work-related injuries in 2025.
Mga independiyenteng pagsusuri
Analysis
Deye 2025 ESG Report: Zero Injuries, 16 GWh Storage Line Planned
Mga Certification at compliance
Deye holds 2 certifications covering quality management, environmental standards, and safety compliance.
ISO 9001
ISO 14001
Mga reference project at case study
Selected BESS projects officially disclosed by Deye.
