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Posted On: 07/09/2025 8:37:28 AM
Post# of 13634
Fox ESS to raise over RMB 1.6B($223M USD) through IPO
Fox ESS, a manufacturer of PV inverters and energy storage systems (ESS), has launched its initial public offering (IPO). The company specializes in on-grid inverters, storage inverters, and lithium battery systems.
According to its prospectus, Fox ESS plans to issue up to 90 million A-shares and aims to raise over RMB 1.6 billion ($222 million). The proceeds from the IPO will be used to construct a smart energy storage industrial park, R&D facilities, marketing and technical support systems, and as working capital.
For the period spanning 2022 to 2024, the company reported revenues of RMB 2.49 billion ($345.83 million), RMB 2.90 billion ($402.78 million), and RMB 3.39 billion ($470.83 million) respectively, with net profits of RMB 199.06 million ($27.65 million), RMB 149.29 million ($20.73 million), and RMB 267.49 million ($37.15 million). (scroll down)
https://taiyangnews.info/markets/china-solar-...ne-27-2025
icymi
Fox ESS, a manufacturer of PV inverters and energy storage systems (ESS), has launched its initial public offering (IPO). The company specializes in on-grid inverters, storage inverters, and lithium battery systems.
According to its prospectus, Fox ESS plans to issue up to 90 million A-shares and aims to raise over RMB 1.6 billion ($222 million). The proceeds from the IPO will be used to construct a smart energy storage industrial park, R&D facilities, marketing and technical support systems, and as working capital.
For the period spanning 2022 to 2024, the company reported revenues of RMB 2.49 billion ($345.83 million), RMB 2.90 billion ($402.78 million), and RMB 3.39 billion ($470.83 million) respectively, with net profits of RMB 199.06 million ($27.65 million), RMB 149.29 million ($20.73 million), and RMB 267.49 million ($37.15 million). (scroll down)
https://taiyangnews.info/markets/china-solar-...ne-27-2025
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