[Changjiang Electric New] Residential Storage: Deye & Ginlong Ningbo Strategy Meeting Exchange Update

English summary

1. Deye: July production schedule slight MoM increase, Q3 overall industry peak season, August-September production schedule expected to remain high. #India market Q3 string inverter growth notable, single month over 100k units. Europe holiday impact limited, Eastern Europe demand remains good, #Ukraine August-September expected seasonal volume pickup. Australia August-September all-in-one units expected to ship, supporting Australian growth. #Channel inventory across regions at normal levels. Profitability across markets and businesses generally stable. 2. Ginlong: Currently orders full, #operational focus on ensuring supply chain delivery (some component lead times extended, company newly rented warehouse to increase raw material stocking), new system products driving excess growth. #August storage inverter production schedule expected to increase 20%-30% MoM, if supply chain keeps up, growth could exceed 30%. By market, Europe exiting holidays + UK subsidy landing, trend improving, company #stackable all-in-one expected to start supply in Q4; Asia energy panic sentiment continues, orders expected to remain full; Africa, Middle East purchasing power exceeding expectations. ...