According to the 2023 third quarter financial report released by Nenglian Zhidian, the company's operating revenue this year was 23.4 million US dollars (approximately 170 million yuan), a year-on-year increase of 536%. According to non international accounting standards, the loss was 24.1 million US dollars, which narrowed by 256% year-on-year.
Wu Xuelu, co-founder, president, and CFO of Nenglian Intelligent Power, stated that the energy solutions business has shown significant growth, accounting for 81% of total revenue, highlighting its core position in the company's business structure. With the continuous and rapid expansion of business, the company's performance has shown a high growth trend, and the profit trajectory has become increasingly clear.
According to data from the China Automobile Association and the Ministry of Public Security, from January to September 2023, the production and sales of new energy vehicles were 6.313 million and 6.278 million, respectively, with year-on-year growth of 33.7% and 37.5%, and the ownership reached 18.21 million vehicles; China exported 825000 new energy vehicles, a year-on-year increase of 1.1 times.
The financial report shows that in the third quarter of this year, the order volume of Nenglian Smart Power was 59.2 million, a year-on-year increase of 58%; The charging capacity is 1.383 billion kilowatt hours, an increase of 66% year-on-year, accounting for 21.8% of China's public charging capacity; As of September 30th, the company has covered over 767000 charging guns and connected over 73000 charging stations, an increase of 76% and 65% respectively compared to the same period last year.
From the perspective of revenue composition, energy solutions such as EPC and energy storage account for about 81% of the revenue. In the third quarter of this year, the company received 204 million yuan in energy storage orders, covering more than 380 charging stations through cooperation, with a deployment scale of 130.088 MWh, and supporting the deployment of a comprehensive solution that integrates intelligent site selection services, supervision and debugging services, and energy management platforms. Including winning the bid for the Anji Anshan Heavy Duty Truck Optical Storage and Replacement Integrated Station Project, which integrates optical storage and charging, with a total of 430 charging parking spaces, 36 233KWH energy storage integrated cabinets with a total capacity of 8388KWH, and a distributed photovoltaic system with a total installed capacity of 4205.4KW, with an estimated annual power generation of 4.328 million kilowatt hours.
In September of this year, Nenglian Intelligent Power was included in the Nasdaq China Golden Dragon Index, making it the only new energy charging service company selected; In October, it became one of the first key introduced enterprises by the Hong Kong SAR government. In the third quarter of this year, Nenglian Intelligent Power and its parent company Nenglian Holdings reached strategic cooperation with Zhongshunyi Finance and China Construction Bank, respectively, and established deep cooperation with Tengzhou City in Shandong Province, Hubei Jiaotou, PICC Real Estate, China Energy Construction, etc.
Nenglian Zhidian is committed to enabling everyone to use green energy and is currently accelerating the global charging service market layout. In the third quarter of this year, the company's subsidiary, Hong Kong Optoelectronics, was selected as a qualified contractor for the Hong Kong government's 3.5 billion Hong Kong dollar housing estate charging assistance program, and launched an electric vehicle 'charging' service to the Hong Kong region through the NaaS HK brand of Hong Kong Optoelectronics. "said Wang Yang, founder and CEO of Nenglian Zhidian.