On October 30, 2023, Chint Electric recently released the first three quarterly report of 2023, during the reporting period, the company achieved operating income of 42,619,609,715.22 yuan, an increase of 21.71%, and the net profit attributable to shareholders of listed companies was 2,991,175,718.00 yuan, a decrease of 6.33%.

Research and development expenses during the reporting period were RMB824,788,420.69, compared with RMB855,975,042.60 in the same period of last year, a decrease of 3.64%

In the third quarter of 2023, the operating income reached 14.769 billion yuan, an increase of 29.53%; Net profit attributable to shareholders of listed companies was 1.088 billion yuan, down 28.40% year-on-year; Net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 1.139 billion yuan, up 6.64% year on year; Basic earnings per share of $0.52

As of September 30, 2023, the company held an installed capacity of 14,848.88 megawatts of photovoltaic power stations, including 12,492.40 megawatts of household photovoltaic power stations, which increased significantly over the same period last year

8BVI0220HCS0000-1

1. The divestiture of the Company’s photovoltaic module manufacturing business was completed in July 2022, and the impact of the divestiture on the company’s net profit attributable to shareholders of listed companies in the same period of last year was 382 million yuan;
2. The impact of fair value changes of Zhongkong Technology (688,777) shares held by the company on the company’s net profit in the current period was -106 million yuan, and the net profit attributable to shareholders of listed companies after excluding the impact of this factor was 3.097 billion yuan, down 4.59% from the same period last year

Explanation of reasons for retroactive adjustments or restatements

Due to the Company’s cash purchase of 100% equity of Zhejiang Shentai Energy Investment Co., Ltd. in April 2022 and 100% equity of Chintai (Yueqing) Science and Technology Innovation Venture Park Co., Ltd. in April 2022 and the end of 2022, respectively, as a result of the merger of enterprises under the same control, the Company has made retroactive adjustments to the comparative data in accordance with the provisions of accounting standards

Zhejiang Chint Electric Co., Ltd. is mainly engaged in the research and development, production and sales of low-voltage electrical products of distribution appliances, terminal appliances, control appliances, power appliances and electronic appliances. After the development of small and large, we have established an experienced management, research and development, production and marketing team, making “CHNT” and “Chint” a famous low-voltage electrical brand in China. In 2016, the company injected photovoltaic power generation business and assets through major asset restructuring, and the main business will be expanded from the existing research and development, production and sales of low-voltage electrical appliances and related products to the development, construction, operation of photovoltaic power stations, EPC engineering package and solar module manufacturing and sales business