News

On the occasion of Indonesian President Prabowo’s recent visit to China, a strategically significant signing ceremony between leading Chinese and Indonesian companies took place in Beijing. Linyang Energy(601222.SH) signed Memorandums of Understanding(MOU) with Indonesia’s Arsari Group and PT Perusahaan Listrik Negara(PLN), marking a new milestone in collaborative efforts to drive sustainable development.

On November 11, Linyang Energy announced its “2024 Q3 Profit Distribution Plan” and “2024 Efficiency, Quality and Return Enhancement Action Plan.”

On November 5, Linyang Energy announced that its wholly-owned subsidiary, Linyang Energy Technology (Shanghai) Co., Ltd. ("Linyang Shanghai"), has signed a smart meter sales contract with Saudi Energy Care Company ("Saudi ECC"). The agreement is worth $13.66 million USD (approximately 96.98 million CNY).

On November 4, Linyang Energy held a signing ceremony in Qilong Town to donate 20 Million Yuan($2.81 million) to the Qidong Charity Association. Under the agreement, starting in 2024, Linyang will donate 1 million yuan($140,647) annually for the next 20 years. A portion of this—250,000 yuan($35,162) each year—will go specifically to public welfare projects in Qilong Town, supporting education, healthcare, and poverty alleviation.

The report highlights that the company’ s three major business segments continue to advance steadily, achieving revenue of 5.17 billion yuan($723.53 million) in the first three quarters, representing a year-on-year increase of approximately 8.76%. The net profit attributable to shareholders reached 910 million yuan($127.45 million), reflecting an increase of 6.95%.

We' re proud to announce that on October 23, Linyang Energy was named to BloombergNEF's Tier 1 list of global energy storage manufacturers for Q4 2024! This recognition highlights our commitment to reliable product quality, outstanding project performance, and remarkable brand presence in the energy storage industry.