Tianfeng Research Reports indicated that there is a possibility of sustained growth in the demand for photovoltaic and energy storage in the Asia, Africa, and Latin America markets. The advantages of Deyue Co., Ltd. (605117.SH) not only lie in its past sales channel layout in the Asia, Africa, and Latin America markets, but also in its ability to explore the underlying demand in the household storage market (such as the economics and scalability of low-voltage systems, as well as the off-grid operating capability of household storage systems under weak grid backgrounds). Based on the company's revenue and Net income in the first three quarters of 2024, considering the potential upward sustainability of household photovoltaic storage demand in the Asia, Africa, and Latin America markets and the company's own product advantages, the rating was upgraded to "Buy".