CHINT First Three Quarters Report of 2022

CHINT First Three Quarters Report of 2022

Table of Contents

CHINT Electrics (stock code: 601877), a listed company of CHINT Group, released the Q3 Report of 2022 on the evening of October 28. 

We are committed to innovation, steady progress and long-term development, bravely explore a new blue ocean of “digital intelligence and double carbon”, and firmly move forward towards the grand blueprint of becoming a world-famous supplier of one-stop low-voltage appliances and new energy products and system solutions.

Overview of Financial Report: Q1-Q3

  • Operating Income  4.84  Billion USD
    Year on Year Growth   21.73%
  • Net Profits Attributable to Shareholders   452.01 Million USD
    Year on Year Growth   5.36%
    The impact of the Supcontech 7.33 Million USD has been deducted.
  • Basic Earnings per Share   0.21 USD per share
    Year on Year Growth   17.05%
  • Total Assets  14.05 Billion USD
    Year on Year Growth  18.13%
  • Net Assets Attributable to Shareholders   4.7 Billion USD
    Year on Year Growth   5.61%
  • The R&D investment was  118.40  Million USD
    Exceeding 484.09 million USD accumulatively in three years

[519] Authorized domestic patents were added, including [15] invention patents, [23] overseas invention patents, [6500+] patents applied in total, and [5500+] authorized patents in total.

Highlights

Xinrui new series release – from design, R & D, production to delivery, the whole process is digital intelligence. The industrial chain is autonomous and controllable. The products are highly intelligent, modular, reliable, and stable.

Xinrui new series

The end users of household energy management system exceeded.

Splendid PV

Redefinitie “Photovoltaic +” development model, and combine the factors of economic, social and environmental to achieve win-win.

Desert solar solution, fishery solar solution, agriculture solar solution, forestry solar solution, photovoltaic+ barren hills management.

The first phase of 1GW 25~30kW photovoltaic household inverter manufacturing line in Taishun manufacturing base was put into operation.

desert solar solution
fishery solar solution
CHINT Movie Banner

Light in the Desert, a key project of the party’s 20th major outstanding film and television plays, was broadcast. The play took CHINT Solar’s participation in the construction of Egypt’s Benban Solar Park as the prototype, vividly interpreting CHINT’s moving story of photovoltaic new energy helping the global energy transformation and benefiting the people of countries along the national “Belt and Road” initiative.

 

The PV module manufacturing business has been divested in July 2022, further improving the gross profit margin and profitability.

PV module manufacturing business

Essential Honors

Chairman’s Speech

CHINT Boss

Since the beginning of this year, in the face of the complex and severe domestic and international situation, CHINT has proactively recognized changes and made changes, firmly grasped the strategic initiative, and made great achievements in green development and digital transformation. 

Forge ahead bravely, take the initiative to take the responsibility and work hard in leading the upgrade of the power energy industry and boosting the leap-forward development of renewable energy, with the attitude of striving to conquer any difficulties, to achieve progress in change, a breakthrough in change, and win in change!

Throughout the world, energy transformation and green development have a long way to go. In the surging wave of the energy technology revolution, CHINT will anchor the development direction of digitalization, intelligence and green development, and continue to focus on new energy, smart electric, and smart low-carbon sectors, creating two platforms of CHINT Global and technology incubation. 

We will also grasp the new opportunities for the integration and development of the power energy industry and “dual carbon”, chasing the waves of digitalization, and driving towards the future in the green and low-carbon stage!

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