Investing 15.3 million! Songsheng Shares establishes a joint venture, officially entering the AI power supply sector

On February 25, Songsheng Shares announced that to deepen the 'Power Foundation' strategy and actively layout in the field of new quality productive forces, the company plans to jointly invest with Xi'an Yimai Tongchuang Consulting Service Partnership and Xi'an Yimairui Power Technology Co., Ltd. to establish a joint venture.

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The newly established joint venture is tentatively named 'Shenzhen Songsheng Yimai Digital Energy Technology Co., Ltd.' (hereinafter referred to as 'Songsheng Yimai'), with a registered capital of 30 million RMB. Among them, Songsheng Shares contributes 15.3 million RMB from its own funds, holding 51% of the shares, becoming the controlling shareholder, and the joint venture will be included in the company's consolidated financial statements after establishment.

Sungrow Shares' investment target points to the digital energy market. Sungrow Yimai will serve as the core operating entity, focusing on full-link modular power supply solutions for data centers, concentrating on SST modules, AI server power supplies, and other digital energy product R&D, production, and sales, building a green and beautiful future with customers through more efficient and intelligent energy products.

It is reported that Mr. Tong Jianli, a key figure in the cooperation partner, is a senior technical expert in this field, possessing deep technical accumulation in the digital energy and AI power supply industry. He will serve as the legal representative and general manager of the joint venture, responsible for building the technical team and developing core products.

The team consists of 40+ members, with R&D personnel accounting for over 80%. The 8-person expert team all come from world-renowned enterprises, having dedicated years to the field of data center power supply, with deep expertise in new materials, new devices, new ICs, integration, topologies, and algorithms. They are top-tier technical talents in the data center power supply sector.

Sungrow Shares aims to enhance the company's comprehensive competitiveness in the digital energy niche by leveraging its own complete power supply industry chain and supply chain advantages, combined with the technological strengths of the joint venture partner to achieve complementarity.

The company stated that Sungrow Yimai will fully integrate the technical advantages of both parties, relying on their accumulated experience in automated design, patent technology, reliability design, modular design, and low-cost design, combined with mastered topology technologies, control algorithms, and core patent technologies, to advance product R&D and implementation.

It is understood that Songsheng Yimai possesses a comprehensive portfolio of power supply products, including embedded AC/DC power supplies, embedded DC/DC power supplies, and board-mounted modular power supplies. Among them, standard CRPS power supplies meet the 80plus Titanium energy efficiency requirements, delivering high-efficiency and high-reliability products to satisfy core market demands; these products have been recognized by multiple key clients. AI server power supplies feature a unique dual-input power architecture, providing customers with higher power delivery capabilities to meet their increasing computing power needs.

Songsheng Yimai has also reserved data center HVDC cabinet-level power supply solutions, SST cabinet-level power supply solutions, and corresponding engineering implementation capabilities for SST module products and board-mounted modular power supplies, laying a solid technical foundation for long-term development.

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According to available data, as a leading Chinese enterprise specializing in medium-to-high power LED drivers, Songsheng Shares has focused since its establishment in 2011 on high-barrier power markets such as outdoor lighting, industrial lighting, and horticultural lighting. In 2021, it successfully went public on the ChiNext Board of the Shenzhen Stock Exchange. Relying on rapid response to market demands and continuous R&D investment, the company has now established stable business partnerships with several well-known LED luminaire manufacturers.

In terms of operating performance, Songsheng Shares has recently undergone a transformation from traditional lighting power supplies to diversified energy sectors.

In 2025, the energy storage business experienced explosive growth, with full-year revenue expected to reach between 75 million and 85 million yuan. Entering 2026, the momentum of growth in the energy storage business remains strong; first-quarter revenue is projected to be between 40 million and 50 million yuan, a single-quarter scale that already exceeds half of last year's total revenue.

Currently, Songsheng Shares has established a dual-core business model driven by digital power supplies and core components for energy storage, while also strategically investing in aerospace and robotics harmonic reducers .

The establishment of this subsidiary, Songsheng Yimai, will further expand the company's business layout in the field of digital energy, creating value for customers. At the same time, this entry into the AI power supply sector is also seen as an important attempt by Songsheng Shares to find new profit growth points on its transformation path.

Furthermore, China Light Network observed that the combination of AI and horticultural lighting is gradually becoming a trend in the agricultural sector, while the exploration of space agriculture continues to heat up; recently, market attention to the company's horticultural lighting power supplies has increased.

Songsheng Shares stated on the investment platform that the plant lighting LED driver power supplies produced by the company are centered on intelligent dimming technology, capable of precisely adjusting light output according to the spectrum requirements of plants at different growth stages. Meanwhile, the company's products can operate continuously for 500 hours in high-temperature and high-humidity environments, withstand extreme challenges from -40°C to 120°C, and deliver stable output regardless of scorching heat, cold snaps, or humid thunderstorms. The product quality is stable and reliable. Songsheng Shares will actively explore emerging business opportunities by combining them with their business layout.

In response to investors' questions, Songsheng stated that the horticultural lighting LED drivers produced by the company are centered on intelligent dimming technology, enabling precise dimming according to the spectrum requirements of plants at different growth stages. Meanwhile, the company's products can operate continuously for 500 hours in high-temperature and high-humidity environments, withstand extreme challenges from -40°C to 120°C, and maintain stable output regardless of intense heat, cold waves, or humid thunderstorms, ensuring stable and reliable product quality. Songsheng will actively explore emerging business opportunities by leveraging its own business layout.