[International Energy Network News] On August 3, Xiangxin Technology issued an announcement disclosing that it had recently received a letter of winning from a leading customer of photovoltaic inverters and energy storage (the specific name of the customer cannot be disclosed according to the confidentiality agreement with the customer), confirming that the company is the supplier of energy storage structural parts, industrial and commercial inverter assembly and structural parts projects. The total project amount is expected to be RMB 900 million to 1 billion, and the project cycle is 2-4 years.
Xiangxin Technology said that the rapid growth of the new energy market will inevitably bring about the growth of the upstream industrial chain. The company will seize this market opportunity and vigorously develop related businesses in the new energy vehicle, power battery, photovoltaic inverter and energy storage industries. The company has once again received a letter of winning from a customer, which reflects the customer's recognition of the company's R&D, technology and production capabilities, which will help improve the company's future operating performance, but will not have a significant impact on the company's operating performance this year.
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