Pylon Technologies' 2022 earnings estimate indicates a significant increase in net profit, with estimated net profit ranging from Rmb1.18 to Rmb1.31 billion, up 273-314% YoY. 22Q4 estimated net profit is expected to be Rmb535-665mn, up by 723-923% YoY and 40-75% QoQ, higher than market expectations. The company's product shipments are expected to increase by 20-30% QoQ in 22Q4, driven by capacity expansion of 4gwh during the quarter. Profit per unit of Pylon's product is expected to maintain at a high level in 2023 due to stable price per unit and cost reduction from scaling. The market demand for residential energy storage is expected to double in both 2022 and 2023, despite the fluctuation of European electricity prices. Overall, Pylon Technologies is expected to continue its strong growth in the coming years.
