On August 27, Ningbo Deye Technology Company Limited (referred to as "Deye Technology") released its 2026 semi-annual report, revealing total revenue of 10.641 billion yuan, a substantial 92.23% increase year-on-year. Net profit attributable to shareholders of the listed company reached 2.717 billion yuan, up 78.53%, while non-recurring gains and losses excluded, the net profit stood at 2.570 billion yuan, marking a 75.81% growth from the previous year.
In recent years, the acceleration of the global energy transition has driven continuous expansion in the energy storage market. Deye Technology has established a notable competitive edge in the energy storage sector, leveraging its comprehensive product portfolio and strategic deployment in the energy storage battery pack business. During the first half, the company sold a total of 1.153 million inverters, including 570,300 units for residential energy storage and 60,500 units for commercial and industrial applications. Revenue from inverter products climbed 94.09% year-on-year to 5.132 billion yuan, accounting for 48.36% of the company's core business income.
The energy storage battery pack segment continued to expand, with Deye Technology achieving deep technological and market integration between its battery packs and storage inverters during the period. This synergy has enabled widespread application across global energy storage and emergency backup power scenarios. The company's proprietary "Ling Diao" energy management system is designed to align with regional energy market demands, empowering residential customers to maximize energy returns. In the first half of the year, revenue from energy storage battery pack products surged 244.12% year-on-year to 4.894 billion yuan, representing 46.12% of core business revenue.
Additionally, Deye Technology has capitalized on its vertically integrated supply chain, rigorous quality control systems, and lean cost management capabilities to achieve seamless coordination between production manufacturing and sales channels, enabling efficient expansion and advancement of its new energy operations. The company has also built a robust global channel moat through a strategy of "multi-dimensional marketing, brand internationalization, and deep localization," fostering worldwide business growth.
Looking ahead, Deye Technology stated its commitment to delivering deeply tailored energy storage products for both residential and commercial clients. The company remains focused on its strategic objectives, aiming to transform from an equipment provider into a comprehensive energy solutions service provider.
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