Deye Technology Expects Profit to Jump Up to 73% in 2024

MT Newswires Live

2025/01/23

Ningbo Deye Technology (SHA:605117) expects to record a net profit attributable to the parent of between 2.90 billion yuan and 3.10 billion yuan in 2024, jumping 62% to 73% from the prior year, according to a Shanghai Stock Exchange filing on Thursday.

The Chinese solar inverter manufacturer attributed the forecast to growth in sales revenue amid stronger demand.

The attributable profit in 2023 was 1.79 billion yuan or 4.17 yuan per share.

Deye's shares rose less than 2% in recent trade.

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