Although the performance in the first quarter of this year was lower than market expectations, Hisense’s executives expressed optimism about this year’s full-year results. "The steady growth this year is no problem, and this is our plan." Liu Hongxin, general manager of the company, said at the 2009 shareholders meeting. The main function of the Home Energy Storage System is to store the electricity generated by the solar panels in the home photovoltaic power generation system, so as to continue to supply electricity at night, cloudy days, or when the electricity demand exceeds the supply of the solar panels. It is an energy storage solution for improving the self-sufficiency and energy efficiency of home photovoltaic power generation systems. residential energy storage system, solar lithium battery storage, solar panel and battery system for home, solar battery storage for house, household solar battery storage Ningbo Autrends International Trade Co., Ltd. , https://www.aitsolarpanels.com
“In 2009, the industry opportunity was the best in history. Almost all home appliance companies maintained high growth, and this high growth will not continue until this year.†Liu Hongxin said. Hisense Electric reported in the first quarter of this year that the company achieved operating income of 5.22 billion yuan in the first quarter, a year-on-year increase of 51%, a decrease of 2% from the previous quarter; and a net profit of 130 million yuan, a year-on-year increase of 58%. Earnings per share was 0.23 yuan, slightly lower than market expectations.
However, the operating profit margin of the company in the first quarter was 2.7%, which was 0.2 percentage points higher than that in December 2009. This year, Hisense Electric will further increase the gross profit margin by increasing the proportion of high-end TVs such as LEDs, while giving full play to the advantages of the company's integration and controlling the cost of scale. At the same time, exports will also become an important driving force for the company's steady growth this year.
Liu Hongxin said that since the fourth quarter of last year, panel prices have increased substantially, reaching a peak in the first quarter of this year, resulting in a general decline in the gross profit margin of color TV companies. At present, panel prices have stabilized and have a downward trend.
Hisense Electric has gained a lot during the May Day period. In order to cope with the May 1st market, the company has fully prepared not only to launch the technology-leading and powerful Lanqing LED series LCD TVs, but also to increase the market concessions to Hisense Blue. The LED LCD TV represented by Qing is widely sought after by the market. In 3 days, Hisense LED LCD TV has grown rapidly, and the popularity of LED LCD TV has far exceeded market expectations. At present, Hisense LED TV market share is more than 30%, ranking first in the industry. The company's LED sales accounted for an overall increase in sales, currently more than 30%, high-end products to ensure revenue growth and comprehensive gross margin. 
Main effect:
Energy Storage: The Home Energy Storage System uses batteries to store excess electricity generated by the home's photovoltaic power generation system. When solar panels generate more power than the household needs, the excess power is stored in the battery to continue supplying power when needed.
Power supply backup: At night, on cloudy days or when the power generated by solar panels is insufficient, the Home Energy Storage System can use the stored power to continue to supply power to ensure the continuity and stability of household power consumption.
Energy balance: The Home Energy Storage System helps to balance the energy difference between the electricity generated by the home photovoltaic system and the electricity demanded, thereby optimizing energy management and maximizing self-sufficiency.
Differences from other energy storage systems:
Power source: The power source of the Home Energy Storage System is the Solar Panel of the home photovoltaic power generation system, which directly generates electricity by converting sunlight. While other energy storage systems may come from other renewable energy sources, such as wind energy, hydro energy, or non-renewable energy sources, such as grid electricity.
Renewable: The Home Energy Storage System uses solar energy as a power source and is a renewable energy system. Other energy storage systems may utilize different types of energy sources, with varying degrees of renewability.
Application Scenario: Home Energy Storage System is mainly used in home photovoltaic power generation systems, especially in conjunction with solar panels. Other energy storage systems can be used in different energy generation systems, selected according to specific energy sources and application requirements.
Overall, the main function of the Home Energy Storage System is to store the electricity generated by the solar panels for continued supply of electricity at night, on cloudy days, or when the home's electricity demand exceeds the supply of the solar panels. Compared with other energy storage systems, it uses solar energy as a power source, is a renewable energy system, and is mainly used in household photovoltaic power generation systems to improve energy utilization efficiency and self-sufficiency.