The additional capital from the share offer is expected to reinforce the company’s financial strength, reduce financial risk and optimise Sungrow’s financial structure. It will also help the company to increase investment in R&D and deepen its focus on innovation with regard to its PV inverter and energy storage products. The company is also expecting to introduce an industry-changing product in the coming year which will help to expand the company’s global deployments and drive growth.
Sungrow achieved over 50 percent year-over-year growth in net income in each of the past two fiscal years and is one of the fastest growing inverter companies in the world. It has a 20-year track record of success in the solar industry, supplying state-of-the-art products and solutions for global customers since its foundation in 1997. To date, the company has supplied over 26 GW of PV inverters worldwide, a trend that is expected to continue and expand as the company grows its balance sheet and global operations.
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