1.1 Continuously Realizing Performance amidst Stock Price Fluctuations

In 2023, the power equipment and new energy industry index continued to decline after rebounding at the beginning of the year, with an overall decline of 5.3% since the beginning of the year. Overall, there are 13 industries in which the index has risen since the beginning of 2023, with the power equipment and new energy industries ranking 20th.

In Q1 2023, the overall net profit attributable to the parent company in the power equipment and new energy industry was 68.67 billion yuan, a year-on-year increase of 59.1%. Among the 30 industry categories of CITIC, the growth rate of net profit attributable to the parent company ranked sixth, and despite relatively high base numbers, it still achieved rapid growth.

In Q1 2023, the sample companies in the entire industry of Dianxin achieved a revenue of 168.035 billion yuan, a year-on-year increase of 19.7%, and a net profit attributable to the parent company of 135.47 billion yuan, a year-on-year increase of 24.4%. From the perspective of net profit attributable to the parent company in each sub industry, the top three sub industries with the highest growth rate are energy storage (+164.3%), photovoltaic (+53.1%), and power grid equipment (+47.6%).