PVTIME – On August 17, Ningbo Deye Technology Co., Ltd. (605117.SH) released its interim results 2022.
The company achieved operating income of 2.373 billion yuan, a year-on-year increase of 23.26%, a net profit of 450 million yuan attributable to the parent, a year-on-year increase of 100.41%, and a non-net profit of 439 million yuan attributable to the parent, a year-on-year increase of 105.06%. The net operating cash flow of the company during the reporting period was 432 million, a year-on-year increase of 118.02%, while the basic earnings per share was 2.47 yuan per share, which was 1.44 yuan per share in the same period of last year.
What is more, the operating income of the company’s inverter business achieved 1.149 billion yuan, a year-on-year increase of 198.42%, accounting for 48.91% of its operating income, which was the core business of the company during the reporting period. Meanwhile, its inverter products were sold a total of 393,400 units, including 200,900 micro grid-connected inverters, 78,500 energy storage inverters, and 114,000 string grid-connected ones.