About Sungrow
Sungrow is a company based in Hefei (China) founded in 1997 by Cao Ren Xian.. The company has 17,300 employees as of December 31, 2024. Sungrow offers products and services including PV Inverters and Energy Storage Systems. Sungrow operates in a competitive market with competitors including Fronius, SolarBridge, Hoymiles Converter Technology, MRO-TEK and Ampt, among others.
- Headquarter Hefei, China
- Employees 17300 as on 31 Dec, 2024
- Founders Cao Ren Xian
- Stage Public
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Sectors
Energy & Utilities
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Email
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Phone
*********
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Website
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Social
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- Legal Name Sungrow Power Supply Co., Ltd. Class A
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Annual Revenue
$10.61 B (USD)7.69as on Dec 31, 2024
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Net Profit
$1.51 B (USD)16.92as on Dec 31, 2024
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EBITDA
$1.9 B (USD)16.86as on Dec 31, 2024
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Latest Funding Round
$400 M (USD), Post-IPO
Aug 01, 2016
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Investors
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Employee Count
17300
as on Dec 31, 2024
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IPO & Listings of Sungrow
Sungrow is a publicly listed company on the SZSE with ticker symbol 300274 in China, operating in the Electronic technology sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Sungrow
Sungrow offers a comprehensive portfolio of products and services, including PV Inverters and Energy Storage Systems. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Devices that convert solar energy with over 99% efficiency.
Systems like PowerTitan for maximizing energy profitability.
Funding Insights of Sungrow
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $400.0M
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First Round
First Round
(01 Aug 2016)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2016 | Amount | Post-IPO - Sungrow | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Sungrow
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Sungrow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sungrow Comparisons
Competitors of Sungrow
Sungrow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fronius, SolarBridge, Hoymiles Converter Technology, MRO-TEK and Ampt, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
BoS units and grid-integrated inverters for solar plants are developed.
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| domain | founded_year | HQ Location |
Microinverters and monitoring solutions for solar systems are manufactured.
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| domain | founded_year | HQ Location |
Hoymiles Converter Technology produces high-quality microinverters and power electronics for the solar industry.
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| domain | founded_year | HQ Location |
Solar UPS, inverters, and charge controllers are manufactured by MRO-TEK.
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| domain | founded_year | HQ Location |
Ampt is focused on DC power management for PV systems.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sungrow
Frequently Asked Questions about Sungrow
When was Sungrow founded?
Sungrow was founded in 1997 and raised its 1st funding round 19 years after it was founded.
Where is Sungrow located?
Sungrow is headquartered in Hefei, China. It is registered at Hefei, Anhui, China.
Who is the current CEO of Sungrow?
Cao Ren Xian is the current CEO of Sungrow. They have also founded this company.
How many employees does Sungrow have?
As of Dec 31, 2024, the latest employee count at Sungrow is 17,300.
What is the annual revenue of Sungrow?
Annual revenue of Sungrow is $10.61B as on Dec 31, 2024.
What does Sungrow do?
Sungrow is a technology provider, specializing in PV inverters and energy storage equipment for residential, commercial, and utility-scale PV power plant systems. They have currently 20 GW of inverter systems deployed globally and has 11 subsidiaries worldwide located throughout North America, Asia, Europe, Australia, and South America. They have their products installed and operating in over 50 countries.In 2022, the company recorded annual revenues of 7.02B and a net profit of 0.68B.
Who are the top competitors of Sungrow?
What products or services does Sungrow offer?
Sungrow offers PV Inverters and Energy Storage Systems.
Is Sungrow publicly traded?
Yes, Sungrow is publicly traded on SZSE under the ticker symbol 300274.
What is Sungrow's ticker symbol?
The ticker symbol of Sungrow is 300274 on SZSE.