Understanding Tongye technology energy storage revenue
In 2023, Tongye’s energy storage-related revenue hit ¥35.84 million ($5M USD) – modest compared to their ¥262 million total, but growing at 97% YoY [4] [9]. The real kicker? Margins.
In 2023, Tongye’s energy storage-related revenue hit ¥35.84 million ($5M USD) – modest compared to their ¥262 million total, but growing at 97% YoY [4] [9]. The real kicker? Margins.
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In 2023, Tongye’s energy storage-related revenue hit ¥35.84 million ($5M USD) – modest compared to their ¥262 million total, but growing at 97% YoY [4] [9]. The real kicker? Margins. Their supercapacitor systems boast 40-50% gross margins vs. the industry’s 15-20% average for conventional storage.
In the year 2024, Shenzhen Tongye Technology had annual revenue of 424.51M CNY with 18.31% growth. Shenzhen Tongye Technology had revenue of 162.18M in the quarter ending December 31, 2024, with 14.39% growth. Current and historical revenue information for Shenzhen Tongye Technology Co.,Ltd.
Shenzhen Tongye Technology's revenue for fiscal years ending December 2020 to 2024 averaged 338.2 million. Shenzhen Tongye Technology's operated at median revenue of 317.8 million from fiscal years ending December 2020 to 2024. Looking back at the last 5 years, Shenzhen Tongye Technology's revenue.
Shenzhen Tongye Technology ¥350.64 m in annual revenue in FY 2023. See insights on Shenzhen Tongye Technology including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft.
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