According to the CITIC Construction Investment Securities Research Report, Sunshine Power achieved operating income of 22.869 billion yuan in a single quarter in the 2025Q3 quarter, up 20.83% year on year, down 6.65% month on month; net profit to mother was 4.147 billion yuan, up 57.04% year on year, up 6.10% month on month; net profit without deducted from back mother was 3,991 billion yuan, up 59.76% year on year and 4.50% month on month. The company's performance has repeatedly reached new highs, mainly due to the release of global demand for energy storage and an increase in the share of high-margin overseas business. Looking forward to the future, global demand for energy storage is expected to continue to resonate and drive the company's energy storage shipments to grow rapidly; AIDC distribution and storage orders and power products will gradually be implemented, which is expected to further increase profits for the company. Maintain a “buy” rating.

According to the CITIC Construction Investment Securities Research Report, Sunshine Power achieved operating income of 22.869 billion yuan in a single quarter in the 2025Q3 quarter, up 20.83% year on year, down 6.65% month on month; net profit to mother was 4.147 billion yuan, up 57.04% year on year, up 6.10% month on month; net profit without deducted from back mother was 3,991 billion yuan, up 59.76% year on year and 4.50% month on month. The company's performance has repeatedly reached new highs, mainly due to the release of global demand for energy storage and an increase in the share of high-margin overseas business. Looking forward to the future, global demand for energy storage is expected to continue to resonate and drive the company's energy storage shipments to grow rapidly; AIDC distribution and storage orders and power products will gradually be implemented, which is expected to further increase profits for the company. Maintain a “buy” rating.