As the global demand for renewable energy continues to grow, solar storage companies are actively accelerating their presence in overseas markets. Otway (688516.SH) recently announced the establishment of a joint venture in Malaysia to promote the growth of overseas orders. The company has invested about 0.22 billion yuan and holds 85% of the joint venture, which aims to improve the competitiveness of its automation equipment in Southeast Asia and the European and American markets.

Aim 1: Otway's overseas investment demonstrates the forward-looking nature of China's optical storage enterprises in the global capacity layout. Through the cooperation with Malaysia TTVHB, Otway can further expand overseas markets and increase its product share in the international market.

Aspect 2: Otway's expansion in overseas markets also reflects the advantages of Chinese photovoltaic equipment manufacturers in after-sales service and delivery capabilities. Industry insiders believe that it is the general trend for overseas photovoltaic companies to choose Chinese equipment manufacturers, which provides a broad market space for companies such as Otway.

Point 3: Ottaway's revenue and net profit both increased significantly in 2023, and new orders and orders in hand also showed strong growth momentum. This shows that the company has strong market competitiveness in the R & D, production and sales of high-end equipment in photovoltaic, lithium battery, semiconductor and other industries.

Aspect 4: Other optical storage companies such as Goodway (688390.SH) have also set up production bases in Southeast Asia to meet the global demand for energy storage inverters and grid-connected inverters. This trend shows that China's optical storage enterprises are gradually becoming an important part of the global photovoltaic industry chain.

Hutchison Stock Writer

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