Finance · Day
2026-11-03
5 stories in this section.
China: Orders Exceed Targets but Profits Lag, as Energy Storage Drags Down Siyuan Electric's Q3 Margins
Sieyuan Electric reported that its new order growth exceeded annual targets, yet net profit margins were compressed due to the rising share of lower-margin energy storage products. This highlights the financial impact of shifting product mixes on profitability for major power equipment manufacturers in the energy transition sector.
Samsung SDI books 60 GWh of US storage orders and begins Indiana LFP ESS production
Samsung SDI reported a record quarterly operating profit driven by over 60 GWh of US energy storage orders and the start of LFP cell production in Indiana. This shift highlights the strategic pivot of major battery manufacturers toward stationary storage to offset slowing electric vehicle demand in the US market.
China's Big Four Solar Firms Post 1 Trillion Won Loss in Q3... Recovery Unlikely by End of 2027
Four major Chinese solar manufacturers reported a combined net loss of 4.63 billion yuan in Q3, with new installations falling 54% year-on-year. Analysts indicate that structural oversupply and sluggish demand will likely prevent a clear industry recovery before the end of 2027.
LG Energy Solution posts record Q3 sales on rising ESS shipments
LG Energy Solution reported record Q3 sales and a 25.7 percent rise in operating profit, driven by increased North American ESS shipments and EV battery sales. This highlights the growing contribution of energy storage to the company's financial performance and operational stability.
Changzhou giant worth 110 billion yuan dumps large chunk of solar assets
Trina Solar is in preliminary talks to sell a controlling stake in its mounting structure subsidiary to Shenzhen Nanshan Thermal Power. This move allows the company to consolidate core photovoltaic and energy storage businesses while focusing on AI data center applications.