Sungrow H1 2026 Revenue Falls 28.99% to RMB 30.9 Billion
Sungrow Power Supply reported a 28.99% year-on-year decline in first-half 2026 revenue to RMB 30.912 billion, with net profit attributable to shareholders down 32.01% to RMB 5.259 billion. Basic earnings per share fell 31.37% to RMB 2.56. In the second quarter, revenue dropped 37.33% to RMB 15.352 billion, while net profit declined 24.08% to RMB 2.967 billion.
Sungrow Power Supply released its interim report for the first half of 2026. The company recorded total operating revenue of RMB 30.912 billion in the January–June period, down 28.99% year on year. Net profit attributable to owners of the parent company stood at RMB 5.259 billion, a decrease of 32.01% from a year earlier. Basic earnings per share were RMB 2.56, down 31.37%.
On a quarterly basis, the second quarter brought operating revenue of RMB 15.352 billion, down 37.33% year on year, while net profit attributable to owners of the parent company was RMB 2.967 billion, down 24.08%.