Recently, US stock company Nenglian Zhidian released its financial report for the third quarter of 2023, showing that the company's revenue exceeded 170 million yuan (approximately 23.4 million US dollars), a year-on-year increase of 536%; According to non internationally recognized accounting standards, the net profit loss was $24.1 million, with a year-on-year decrease of 256%.
In the revenue structure of the third quarter of 2023, energy solutions such as EPC and energy storage accounted for 81% of the total revenue. Among them, the energy storage business received 204 million yuan in orders, covering more than 380 charging stations through cooperation, and deploying a comprehensive solution that integrates intelligent site selection services, supervision and debugging services, and energy management platforms.
In terms of EPC business, in the third quarter, Nenglian Smart Electric won the bid for the Anji Anshan Heavy Truck Optical Charging, Storage, and Exchange Integrated Station project, which integrates "photovoltaic, energy storage, charging, and exchange". There are a total of 430 charging parking spaces, 36 233KWH energy storage integrated cabinets with a total capacity of 8388KWH, and the total installed capacity of the distributed photovoltaic system is 4205.4KW, with an estimated annual power generation of 4.328 million kilowatt hours.
In terms of charging services, in the third quarter, the order volume of Nenglian Smart reached 59.2 million, a year-on-year increase of 58%, and the charging volume was 1.383 billion kWh, a year-on-year increase of 66%. As of September 30th, the company has covered over 767000 charging guns and connected over 73000 charging stations, an increase of 76% and 65% year-on-year, respectively.
In addition, Nenglian Smart Electric accelerates the global charging service market layout. In July, Hong Kong Optoelectronics, a subsidiary of the company, was selected as a qualified contractor for the Hong Kong government's HKD 3.5 billion housing estate charging assistance scheme; In August, Hong Kong Optoelectronics launched the "one charge" electric vehicle service to the Hong Kong region through the NaaS HK brand.
The energy solutions business has grown significantly, highlighting its core position in the company's business structure. "Wu Xuelu, co-founder, president, and CFO of Nenglian Intelligent Power, introduced that as the business continues to expand rapidly, the company's performance has shown a high growth trend, and the profit trajectory has become increasingly clear. The company will continue to be committed to providing efficient and stable new energy solutions to promote sustainable development in the industry.