On April 30th, Shenzhen Sunrise released its annual report for 2023 and the first quarter report for 2024. In 2023, the company achieved a total operating revenue of 331 million yuan, a year-on-year increase of 9.88%. In the first quarter of 2024, it achieved a total operating revenue of 67.5315 million yuan, a year-on-year increase of 1.32%; and realized a net profit attributable to shareholders of the listed company of 1.5473 million yuan, a year-on-year increase of over 102%.
In 2023, the company’s two main business segments, fine chemicals and new energy photovoltaic power generation, continued to solidify their foundations, achieving double revenue growth. Among them, the revenue from the fine chemical business reached 220 million yuan, a year-on-year increase of 13.38%; the revenue from the photovoltaic power generation business reached 110 million yuan, a year-on-year increase of 3.48%.
In the field of fine chemicals, after years of market promotion, the company has formed a marketing network covering major domestic and international markets, and its products have been successfully sold to multiple countries including the United States, Japan, Singapore, Indonesia, Malaysia, and the Philippines. In the field of new energy photovoltaic power generation, the company actively cooperates with local governments to jointly promote the implementation of photovoltaic power generation projects, supporting the development of green and low-carbon electricity. As of the reporting period, the company operates and manages 10 solar photovoltaic stations in multiple provinces including Anhui, Jiangxi, Zhejiang, Ningxia, and Sichuan, with a cumulative grid-connected installed capacity of about 131.82MW.
In terms of cost reduction and efficiency improvement, Shenzhen Sunrise actively carries out intelligent transformation internally. Currently, the company has established an AI research and development team to implement intelligent management practices within the company, covering cash flow forecast management, risk control, investment calculation, industry tracking analysis systems, and customer relationship management systems. Shenzhen Sunrise stated that by comprehensively advancing intelligent transformation, the company has made significant leaps in management efficiency, risk control, and market insight.
It is worth mentioning that Shenzhen Sunrise is actively positioning for a third growth pole. Previously, Shenzhen Sunrise announced a joint investment with Zhongjian Technology to set up an overseas SPV company to invest in the foreign artificial intelligence robot company, 1X Holding AS. It is reported that in March 2023, 1X Holding AS’s subsidiary, 1X Technologies, received $23.5 million in Series A2 financing, led by OpenAI, with participation from the globally renowned asset management institution, Tiger Global Fund; additionally, OpenAI also provided AI chip support to 1X.
Shenzhen Sunrise stated that the company will actively engage in investments in cutting-edge technology fields such as artificial intelligence robots to achieve an innovation-driven long-term development strategy. Through investments in cutting-edge technology fields, the company will deeply explore the technological potential in industrial design, artificial intelligence, and automation, providing more efficient, intelligent, and environmentally friendly solutions for its main business. At the same time, the company will establish close cooperative development relationships with industrial investment partners, jointly capturing new demands and opportunities in domestic and international markets, exploring new profit models, and ensuring the company’s continuous and healthy development.
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