SolaX Power Network Technology (Zhejiang) Co., Ltd. Class A
SSSE:68871736.03
CNY
-1.04
(-2.81%)
ISIN
CNE100006JH8
Return %
Stock
S&P 500
1Y
-49.20
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
CNY
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in mil. unless spec.Quarterly Revenue
CNY
•
in mil. unless spec.Quarterly Earnings Per Share
CNY
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in mil. unless spec.Quarterly Dividends Per Share
CNY
•
in mil. unless spec.Company Description
- CEO
- Xin Fu Li
- Full Time Employees
- 3,361
- Sector
- Producer manufacturing
- Industry
- Electrical products
- Address
- Hangzhou China
- IPO Date
- Jan 3, 2024
- Website
- solaxpower.com.cn
- Similar Companies
- Business
- SolaX Power Network Technology (Zhejiang) Co., Ltd. is a China-based renewable energy technology company primarily engaged in the research, development, manufacturing, and distribution of photovoltaic (PV) inverters, energy storage systems, and smart energy management solutions. Founded in 2012 and headquartered in Hangzhou, Zhejiang Province, China, the company provides clean energy hardware and software solutions tailored for residential, commercial, and industrial applications worldwide. The company operates through integrated clean energy equipment segments, offering a comprehensive product and service portfolio that includes energy storage hybrid inverters, such as single-phase and three-phase high-voltage and low-voltage residential hybrid inverters, AC-coupled inverters, and commercial energy storage inverters; grid-connected string inverters, ranging from low-power residential single-phase models to high-capacity commercial and industrial multi-MPPT string inverters; energy storage lithium-ion battery systems, including modular high-voltage and low-voltage battery packs and all-in-one integrated energy storage units; commercial and industrial battery energy storage systems (BESS), including outdoor cabinet systems and modular containerized energy storage units; electric vehicle charging solutions, consisting of smart AC and DC EV chargers with PV-storage-charging synchronization; and intelligent energy management hardware and cloud platforms, featuring SolaX Cloud monitoring platforms, smart meters, heat pump controllers, data logging accessories, and microgrid management software. SolaX Power distributes its systems across more than 100 countries and regions globally, supported by international subsidiaries, sales offices, and technical service hubs located across Europe, the Asia-Pacific, North America, and South America, with significant market presence in Germany, the United Kingdom, the Netherlands, Italy, Spain, and Australia. In recent developments, SolaX Power Network Technology completed its Initial Public Offering (IPO) and listed its Class A ordinary shares on the Shanghai Stock Exchange Science and Technology Innovation Board (STAR Market) under the ticker symbol 688717. The company has expanded its commercial and industrial (C&I) product lineup through the release of higher-capacity energy storage inverters and multi-megawatt containerized battery solutions, while upgrading its residential smart energy ecosystem with dynamic electricity tariff integration, artificial intelligence-driven load scheduling, and vehicle-to-home capabilities. SolaX Power has also broadened its international footprint by establishing new localized warehousing, testing, and after-sales service centers across Europe and Oceania, and entered into strategic supply and distribution agreements with global renewable energy distributors, EPC contractors, and utility partners to accelerate market penetration and meet growing worldwide demand for distributed solar-plus-storage infrastructure.