CHINT is pleased to announce the release of our 2022 annual financial report and the 2023 Q1 report, showcasing strong performance and significant growth across our operations. Our achievements reflect our commitment to excellence and continuous improvement in the energy sector.
In the first quarter of 2023, CHINT recorded an operating income of USD 2.27 billion, marking a remarkable year-on-year (YoY) growth of 47.37%. For the fiscal year 2022, our operating income reached USD 6.64 billion, demonstrating a YoY growth of 17.78%.
Within China, CHINT has successfully established an extensive network, with over 500 Tier One dealers, more than 5,000 Tier Two distributors, and in excess of 100,000 terminal channels. Our coverage extends to over 96% of prefecture-level cities and 88% of country-level regions.
Meanwhile, CHINT Global achieved an operating income of USD 544.08 million, reflecting a YoY increase of 46.47%. Our operating income growth in the Asia-Pacific, Europe, North America, West Asia and North Africa, and Latin America regions reached 28%, 69%, 46%, 8%, and 63%, respectively.
In 2022, our distributed consumer photovoltaic (PV) power stations experienced rapid growth. Our inverters have embarked on a new journey toward energy storage, and our improved asset operation capabilities have promoted the implementation of large-scale PV base projects.
CHINT remains dedicated to steady growth and excellence in our multi-industrial operations. We are committed to creating innovative products and solutions that position us as leaders and role models in the global market.
For a comprehensive review of CHINT’s performance in 2022 and Q1 2023, please download the complete report here.