On April 14th, Deye Inc. issued a preliminary earnings forecast for the first quarter of 2025. Based on preliminary financial calculations, Deye Inc. projects that its net profit attributable to shareholders for the first quarter will range from RMB 650 million to RMB 700 million. This represents an increase of RMB 2,170.918 million to RMB 2,670.918 million compared to the same period last year, or a year-on-year growth of 50.15% to 61.70%.
Deye Inc. attributed the anticipated increase in earnings primarily to the further release of energy storage demand in emerging markets such as Southeast Asia, Africa, and the Middle East, driven by power supply shortages in the first quarter of 2025. In certain European markets, demand continued to grow due to policy orientation, energy transition, and economic factors. Additionally, the company adhered to a principle of exchange rate risk neutrality, effectively hedging against exchange rate fluctuations through currency management, and achieved favorable returns from liquidity fund management. Furthermore, the company recognized a portion of government grants related to earnings in the first quarter.
