"Science and Technology Innovation Board Daily" December 4th (Reporter Yu Jiaxin) "In the domestic market, the company actively participates in the formulation of industry standards, continuously promotes the landing and application of domestic integrated solar energy storage and charging products. Leveraging the product and experience advantages in the field of household products, the company is actively developing domestic household energy storage application scenarios and accelerating the layout of integrated solar energy storage and charging applications in China." At the earnings conference in the third quarter of 2024, Li Xinfu, Chairman and General Manager of Elor Energy, said.

In the first three quarters of this year, Elor Energy achieved a revenue of 2.407 billion yuan, a year-on-year decrease of 39.93%; achieving a net income of 0.16 billion yuan attributable to the mother, a year-on-year decrease of 84.24%.

Regarding the gross margin, at the earnings conference, the company's CFO Yan Qiang stated that the gross margin in the third quarter of 2024 was approximately 35.4%, a decrease of 1.5 percentage points from the previous quarter, mainly due to changes in customer and product structures, which are considered normal fluctuations.

Since January this year, Ai Luo Energy has been listed on the STAR Market. It mainly provides photovoltaic energy storage inverters, energy storage batteries, and grid-connected inverters to overseas customers for use in the distributed photovoltaic energy storage and grid connection fields.

"Science and Technology Innovation Board Daily" reporters noticed that Elor Energy is increasing its investment in research and development, shifting its business focus from household energy storage to covering multiple application scenarios.

In the first three quarters of this year, Elor Energy's R&D investment was 0.384 billion yuan, an 88.88% increase year-on-year. R&D investment accounted for 15.95% of revenue, an increase of 10.88 percentage points year-on-year.

Currently, Elor Energy's ongoing projects include high-power grid-connected inverters suitable for ground stations and large power stations, as well as layouts in new energy fields such as V2G charging stations and heat pumps.

Li Xinfu mentioned that the company's 320-350kW high-power string inverter has been partially shipped in small batches; according to official sources, in November of this year, Ailuo Energy launched the new X3-GRAND HV 350kW high-power inverter in Istanbul, Turkey.

"In 2024, the company introduced multiple new products to the market, including the AELIO series and TRENE series of industrial and commercial energy storage products, household low-voltage single-phase energy storage inverters, low-voltage energy storage batteries, micro inverters, etc. At the same time, the company continues to increase its research and development efforts on new products, with large-scale energy storage, heat pumps, and other products currently under development, as well as upgrades to existing products," said Li Xinfu.

On September 29th this year, Ailuo Energy announced that the company plans to invest in the construction of the 'Large Energy Storage System and Smart Energy System R&D Production Project' in Tonglu Economic Development Zone, Zhejiang Province, with a total investment of not less than 1.05 billion yuan, of which the fixed asset investment of the project is not less than 0.755 billion yuan.

During the earnings conference, Li Xinfu stated that in October 2024, the company signed an investment agreement with the Management Committee of Tonglu Economic Development Zone. The investment matters of this project are progressing normally according to the agreement, and the funding for this project comes from self-owned or self-raised funds.

"In 2023, the company's domestic revenue accounted for 0.57% of the main business. In the future, the company will continue to strengthen the construction of its overseas marketing network and deepen its global strategic deployment," said Ai Luo Energy's Board Secretary He Jianfu.

HTSC's Shen Jianguo team mentioned that in October, the export value of inverters was 4.66 billion yuan, down 3.7% month-on-month, with an export volume of 4.438 million units, an increase of 3.3% month-on-month. The decline in export value was partly affected by fluctuations in the RMB exchange rate. In the long term, factors such as power outages, rising electricity prices, and high growth in wind and solar installations are still core driving forces. The cost reduction in photovoltaic energy storage is expected to further open up the market, maintaining an optimistic outlook on the long-term demand for inverters.