Datong's revenue in August was 4.383 billion yuan, a monthly increase of 19.17%, aiming at the Australian power blue ocean market

Datong’s revenue in August was 4.383 billion yuan. (File photo)

[Reporter Ou Yuxiang/Taipei Report] Datong (2371), a well-established home appliance manufacturer, announced today that its August revenue was 4.383 billion yuan, a monthly increase of 19.17% and an annual decrease of 11.49%. The cumulative revenue in the first eight months was 32.563 billion yuan, an annual decrease of 0.69%. Datong pointed out that the power business group has continued to stabilize shipments and strengthened overseas layout, focusing on Australia recently.

Datong explained that it has recently officially registered and established an Australian subsidiary (TTG Australia Holding Pty. Ltd.). Its primary goal is to cooperate with local developers to build solar energy storage sites and output and supply power equipment.

Datong pointed out that since Australia does not have a large power transformer manufacturer, it is a blue ocean market, and existing suppliers generally require delivery periods of 18 to 36 months. Datong can provide services with a short delivery period of 9 months, giving it a competitive advantage.

Datong also said that the Australian federal government has enacted carbon reduction targets into law in 2022, stipulating that greenhouse gas emissions will be reduced by 43% in 2030 compared with 2005 and net-zero emissions in 2050. It has also set a policy target of 82% of renewable energy power generation in 2030. With policy thrust, Datong hopes to take the opportunity to enter the blue ocean market.