Sineng Electric has been listed as a public company on the Shenzhen Stock Exchange (SZSE) on April 10,2020. Being the leading manufacturer in the industry for successive years, it was evidently the perfect time to rank with business moguls and raise the company’s profile. In initial public offering (IPO), Sineng floated 18.3336 million shares at 21.64 chinese yuan and the price of the share is exponentially rising.
This is a great and positive development for us when IPOs have been few and far between in the solar industry. It is not only a modern-day success story, but also it signifies the stability and progress of the company. This new milestone added a new ingredient in our answer to our prominent client’s question “why Sineng stand out from the crowd”.
Wu Qiang, the respected chairman of Sineng, said in the grant opening of IPO that “It is a signal to solar world that we have ‘made it ‘. But this is just the beginning of a new chapter, there is a lot to come”. That’s right! Sineng plans to use the new equity capital to beef up its core business. It will increase investment in research and development (R&D) for strategic innovation to help get to that “next level” of product development and launch an “industry-changing” product lineup in the coming year.
The capital will also be used to fund a massive expansion of the market. With sales increasing within the business, Sineng is looking to deliver the best customer experience it can, meaning that fully-functioning and motivated teams are essential everywhere around the world. Sineng also believes ‘Talent is key to success’- that’s why company will initiate a targeted recruitment campaign that aims to hire the very best talent worldwide.
Sineng Electric is a leading global high-tech enterprise specialized in renewables and has been pioneering inverter market with enormous amount of worldwide installed inverters. As a “one stop solution provider” for solar inverters and energy storage, we have a broad product portfolio to meet the diversified needs of customers for residential, C&I and utility -scale applications. Being a product-focused company, Sineng always looks at its offerings and there is a zeal in us to make products and service betters. Thus, our mission has always been and will be “High quality is low cost”. And now, being a public company, we are stronger than ever!