Billion Group held a corporate briefing today, showcasing remarkable growth in revenue from its green energy product line. The event featured key figures from the company, including Chairman Tim Chen (center), Associate Director of Billion Watts Elaine Chen (right), Financial Officer Ying-Hui Su (left), and Chief Financial Officer Shumei Zhang (second from left). The event was provided by Billion Group.

Billion Group held its annual earnings conference today (14th) and announced its consolidated financial report for the third quarter of 2024. The accumulated revenue reached NT$832,338 thousand, representing an 8.81% growth compared to the same period last year. The after-tax net profit for the period was NT$47,764 thousand, marking a significant 36% year-over-year increase, surpassing the previous year's total after-tax net profit, showcasing strong performance.

The Group has introduced new operational momentum—energy storage system integration services and participation in the Taiwan Power Company's AFC electricity trading platform. As of the third quarter, revenue from the green energy sector, including solar and energy storage, accounted for 53% of total revenue, with the green energy product line continuing to grow significantly and making a substantial contribution to the Group's overall performance.

Chairman Tim Chen of Billion Group stated that the communications product line is fully focused on developing 5G terminal equipment. In September, the 5G Sub-6GHz ODU 8231 obtained FCC CBSD certification, becoming the first North American 5G CBSD product to launch. The Group is also focused on 5G mmWave high-speed transmission equipment, with the 5G mmWave high-speed transmission ODU equipment supporting a 2.5 Gigabit Ethernet interface, which has already undergone performance testing with local wireless service providers in North America.

Recently, Billion Group collaborated with teams from Zhencheng Technology, MAXAIOT, Feng Chia University, Shixi, Hualian Network, and Qinvai to implement the C-V2X smart emergency vehicle control system technology in the Shui Nan Park (5G Smart Traffic) project, showcasing the latest M600 5G vehicle-mounted router. In the second half of this year, the Group’s green energy business grew nearly twice compared to the same period last year, and its year-over-year performance continues to increase the Group's revenue share, with a development focus on photovoltaics, energy storage, and smart grids. The Group also recently collaborated with domestic and international manufacturers to develop a battery replacement system for electric power vessels, targeting global electric power vessel and green transportation opportunities.

Through its subsidiary Billion Watts, the Group provides comprehensive energy storage system integration services, including battery, BMS, PCS, EMS system integration, and monitoring and maintenance operations. In addition, the Group participates in Taiwan Power Company's AFC electricity trading platform through its self-built energy storage stations.

Billion Watts, a subsidiary of Billion Group, has made significant strides in the renewable energy sector, according to Elaine Chen, Associate Director of Billion Watts. This year, several employees passed Taiwan Power Company’s AFC Power Trading Platform certification, and the company has officially joined the Taiwan Power bidding platform. Billion Watts has become the first domestic company to aggregate and combine grid-connected energy storage resources in Taiwan.

Regarding energy storage projects, Billion Watts has signed and prepared materials for 16 energy storage system integration (SI) projects with a total capacity of 75.45 MW. This includes 3 completed projects totaling 7.65 MW and 13 ongoing projects totaling 67.8 MW, with the largest single site in Yunlin Dou-nan (20 MW) expected to be completed by April next year. All projects are planned for completion by the end of 2024 or 2025.

In addition to the completed and ongoing projects, Billion Watts continues to receive orders, including those under review and in negotiation, for dReg, E-dReg, and solar-storage projects. The company’s total order intake has approached 200 MW. Recently, Billion Watts successfully secured a bid for Taiwan Power Company’s “Energy Storage Combined with Photovoltaics” project. With its capability to undertake development and turnkey contracting projects, Billion Watts offers advanced product technologies, engineering management services, and operations and maintenance (O&M) warranty services. The company continues to consolidate its advantages in smart energy storage systems, photovoltaic plants, and inverters while investing in after-sales maintenance, agency resource bidding, asset management services, and EMS energy management. This growth continues to inject revenue and profit momentum into the group.

In response to global net-zero carbon and carbon-neutral policies, the demand for green energy coupled with energy storage continues to rise. Billion Electric is the fifth private company in Taiwan to pass the Taiwan Power Company’s power trading platform certification. Currently, the company is trading on the platform with 2.3 MW at the Longder site and 2.3 MW at the Toucheng site. Additionally, projects under construction include 2.5 MW at the Lize site and 3 MW at the Chiayi site. By the first quarter of next year, the total trading capacity will reach 10.1 MW, contributing to the group’s revenue and profitability.

Looking at the performance of various product lines this year, the green energy product line has shown the most significant growth, followed by the communications product line. The company is also continuing to develop 5G FWA and 5G IoT applications, which have strong growth potential. It is expected that next year’s performance will exceed this year’s, and based on current performance, the outlook for next year’s operations is "cautiously optimistic."