Phoenix International Financial News Digest | Turning Point Arrives: China's New Energy Giant Raises Prices Across the Board Amid 32% Profit Decline

Bloomberg reported on September 14 that Sungrow Power Supply Co., one of the world’s largest renewable energy equipment manufacturers, will raise prices for inverters, energy storage converters, and energy storage systems by 5% to 15%, effective September 20—following mounting pressure on profit margins caused by rising raw material costs. Sungrow’s stock surged as much as 3.4%. The price hike stems from increased costs of materials such as lithium, copper, and aluminum. In a written statement, the company said it must adjust pricing to offset these cost increases while continuing technological upgrades and maintaining product quality. “The upstream material price surge has exceeded expectations, and the upward cost trend shows no clear signs of easing,” the company stated in its written response to Bloomberg. This price adjustment follows Sungrow’s announcement of a 32% year-on-year decline in first-half net profit—triggering a sharp stock price drop due to intensifying domestic competition and increasingly challenging conditions in overseas markets. (International Financial News Digest)

Morning Briefing, September 14: Rate Hikes Loom Near 90%+; Oil Prices Retreat—Can A-Share Markets Seize a Recovery Window?

Top Outflow Sectors: Computer (-¥15.499 billion), Media (-¥6.453 billion), Pharmaceuticals (-¥4.394 billion). Top Outflow Stocks: BOE Technology A (-¥2.527 billion), Inspur Information (-¥2.523 billion), Tsinghua Unigroup (-¥2.286 billion), East Money (-¥2.098 billion)—major tech-weighted stocks broadly faced profit-taking. III. Rapid News Updates 🔥 Major Industry Developments 1. Anthropic Plans Up to $100 Billion Fundraising Round; NVIDIA Considers Investing Up to $10 Billion According to Securities Times, Anthropic is preparing a new funding round targeting a valuation of approximately $2 trillion and considering NVIDIA as a cornerstone investor, with NVIDIA potentially committing up to $10 billion. On the same day, Anthropic CEO Dario Amodei called for slowing model iteration; both Elon Musk and Sam Altman expressed agreement. Altman also confirmed OpenAI will not go public this year. Alternative Perspective: Anthropic CEO Amodei’s call to slow model iteration—and the rare, simultaneous endorsement by OpenAI CEO Altman and Musk—serves itself as a signal. Yet NVIDIA’s proposed $10 billion investment underscores that end-users of AI computing power remain fully unconvinced by the ‘slowdown’ narrative. While the supply side hits the brakes, the demand side floors the accelerator—this contradiction will define the rhythm of the AI supply chain over the next six months. 2. Sungrow to Implement Broad-Based Price Increases of 5%–15% Starting September 20 According to Yicai News, Sungrow issued a price-adjustment notice to customers on September 11: full-series photovoltaic inverters to rise 5%–10%; medium-voltage grid-connected inverters to increase 10%–15%; full-series energy storage converters to rise 5%–10%; integrated energy storage units to increase 10%–15%; PT/PS-series energy storage systems to rise 5%–10%. The new prices take effect September 20. Core Drivers: Persistent increases in nonferrous metal prices—including copper, aluminum, tin, silver, and gold—as well as tightening supply of key components. Copper prices rose 31.4% year-on-year in the first half of 2024, while aluminum prices rose 18.8% year-on-year; on September 10, the main SHFE copper futures contract hit a record high of ¥112,300 per ton. Alternative Perspective: As a leader in solar + storage, Sungrow’s price hike is not an isolated incident but an industry-wide signal. When industry leaders can no longer absorb cost pressures and begin passing them on, it signals that upstream raw material inflation has shifted from merely eroding profits to necessitating direct price transmission. Market implications for A-shares: bullish for solar + storage equipment (driven by pricing power and gross margin recovery expectations), but…

Sungrow Hikes Product Prices After Raw Material Cost Increase

Sep 13, 2026

Sungrow Power Supply will raise prices on inverters and storage systems by 5% to 15% due to surging costs for lithium, copper, and aluminum. The adjustment aims to cover unexpected upstream material price hikes while maintaining product quality.

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Sungrow Hikes Product Prices After Raw Material Cost Increase

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