Growatt New Energy Co., Ltd

Established with the register capital at RMB30, 000,000 in March 2010, Growatt is a highly developed new energy company, and will have its investing capital at RMB100,000,000 at the end of 2011. Striving to the R&D, manufacturing and sales of the solar inverter, Growatt aims to provide high performance and competitive solar inverter, promoting green energy globally. Growatt has approximately 200 employees, more than 50% of which are with post-graduate degree. We take the technological innovation as the driving force, together as our extensive research experience and international research and development concepts, and have created a range of world-class products. Our R&D ream has nearly 10 years of experience in photovoltaic inverters. The products are widely applied in the market, while ODM customized service are provided for some of the world renowned brands of inverters. Our main products range from 1.5KW to 100KW on-grid photovoltaic inverters, among which our Growatt 5000 model has been tested in the International Authoritative organization PHOTON, honored with the world - leading efficiency as high as 97.8%. Growatt solar inverters are widely installed in Germany, Italy, UK, France, Australia, New Zealand etc, reaching 50,000pcs within one year. VDE0126 & CE for Europe, SAA for Australia, G83 for UK, ENEL for Italy, RD1663 for Spain, ETL for US, Golden Sun for China now are available for all kinds of different market. In early 2011, the well-known venture capital SEQUOIA CAPITAL and domestic investment giant CHINA MERCHANTS GROUP had been introduced to Growatt strategically, greatly enhancing the company’s international image and fully financing the development of the new products and new markets. We will enhance the strong impetus to the development of the international and domestic market, maintaining the strong growth as always. Growatt is planning to be listed in 2014, while the market value will exceed RMB 10 billion. With sales volume in half year of 2010 at RMB 30 million; and over RMB 160 million in the first half year of 2011, Growatt becomes the No. 1 inverter exporter in a very short time. It is predicted that the sales volume in fiscal 2011 will exceeds RMB 300 million. At the same time, Growatt will start the domestic market, expecting a sales volume of RMB 1 billion in 2013 and to be the top 10 inverter company in 2015.