2025-07-04
Amidst a challenging phase for the global solar industry, NengHui Tech (300046.SZ) is charting a path of sustained growth. In an exclusive interview with the Shanghai Securities News, Chairman Dr. Luo Chuankui shared insights into the company’s disciplined strategy, technological breakthroughs, and bold pivot into emerging energy markets.
Rooted in Resilience: The NengHui Philosophy
Dr. Luo, a Tsinghua University Ph.D. graduate and seasoned Peking Opera enthusiast, draws parallels between business leadership and the art of Chinese opera:
> "Just as opera demands harmony between voice, emotion, and movement, lasting success in business requires holistic discipline. We embrace challenges with integrity (‘Virtue Sustains All Things’) and perseverance (‘Striving Without Ceasing’)."
Founded in 2009 by power industry veterans, NengHui prioritized robust governance early on. Its 2021 IPO was not a pursuit of "easy capital" but a commitment to accountability. This prudence shielded the company during industry volatility, enabling impressive 2024 results:
- Revenue: RMB 1.097B (+85.74% YoY)
- Net Profit: RMB 52.54M
- Q1 2025 Revenue: RMB 310M (+26.60% YoY)
Pioneering the Future: AI-Powered Energy Solutions
In 2024, R&D investment surged 55.31% to RMB 31.97M, accelerating innovation in smart energy infrastructure. A highlight was the debut of NengHui’s wheeled AI battery-swapping robot at SNEC 2025:
- 3–4-ton payload capacity
- <3-minute heavy-truck battery replacement
- 40+ patents filed for AGV 3.0 systems (featuring 3D vision + SLAM laser positioning)
Dr. Luo emphasized the shift’s strategic logic:
> "As e-commerce and logistics scale, traditional charging cannot meet demand. Our AGV solutions for ports, mines, and steel plants will drive tomorrow’s carbon-neutral supply chains."
The company’s automated battery-swap station in Xinjiang is projected to cut 10,000 tons of CO₂ annually. Partnerships with Yutong, XCMG, and SAIC Hongyan signal accelerating adoption.
From Builder to Energy Partner: Navigating Policy Shifts
While solar EPC contributed 93.66% of 2024 revenue, new policies (e.g., distributed PV management rules, market-based pricing) are transforming China’s energy landscape. Dr. Luo sees opportunity in disruption:
> "We’re evolving from a ‘construction team’ to an ‘energy steward’—mastering not just engineering, but grid trading, asset management, and full-lifecycle services."
Global oversupply and slowing demand have triggered industry consolidation. NengHui remains open to partnerships but cautions:
> "Mergers must align values—like a lasting marriage. Hasty unions bring regret."
Global Footprint: Quiet but Confident Expansion
NengHui’s energy storage systems are now deployed in Europe (Czech Republic)and the Middle East (Iraq), certified to IEC62477 standards. Dr. Luo confirmed overseas operations are maturing steadily.
Purpose Beyond Profit
Dr. Luo closed with a call to uphold NengHui’s mission:
> "True innovation marries patience with passion. For a decade, we’ve sharpened our capabilities—not for pride, but to power China’s green transition. The journey continues."
About NengHui Tech
A leader in PV system integration and smart energy solutions, NengHui Tech (SZSE:300046) empowers sustainable development through cutting-edge AGV robotics, energy storage, and digital power management.
#GreenEnergy #ClimateTech #SustainableLogistics #SolarInnovation #BatterySwapping #Industry4_0 #RenewableFuture #ChinaTech #CorporateLeadership`
© 2025 NENGHUI ENERGY All RIGHTS RESERVED.
Digital BY VTHINK