Core Viewpoint - HeMai Co., Ltd. (688032.SH) announced the use of temporarily idle raised funds for cash management, amounting to no more than RMB 2.2 billion, to enhance fund utilization efficiency and increase returns for the company and its shareholders [1] Group 1 - The company plans to utilize temporarily idle raised funds for cash management [1] - The amount allocated for this purpose is capped at RMB 2.2 billion [1] - The objective is to improve fund utilization efficiency and increase cash asset returns [1]

Core Viewpoint - HeMai Co., Ltd. announced the approval of a proposal to use part of its temporarily idle raised funds for cash management, with a maximum amount of RMB 2.2 billion [1] Group 1 - The board meeting will be held on December 5, 2025, to review the cash management proposal [1] - The funds will be used to purchase low-risk, highly liquid principal-protected investment products sold by qualified financial institutions, including structured deposits, notice deposits, fixed-term deposits, large certificates of deposit, and agreed deposits [1] - The usage period for these funds is valid for 12 months from the date of board approval, and the funds can be rolled over within the approved limit [1] Group 2 - The company stated that this action will not affect the progress of the fundraising investment projects or the normal production and operation of the company [1]

格隆汇12月1日丨禾迈股份(688032.SH)公布，截至2025年11月30日，公司通过上海证券交易所交易系统 以集中竞价交易方式回购公司股份5万股，占公司总股本1.24亿股的比例为0.04%，回购成交的最高价为 98.92元/股，最低价为97.88元/股，成交总金额为492.48万元（不含印花税、交易佣金等交易费用）。 ...

证券代码：688032 证券简称：禾迈股份 公告编号：2025-060 杭州禾迈电力电子股份有限公司 关于股份回购进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： | 回购方案首次披露日 | 2025/10/30 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 10 | 10 | 月 | 29 | 日~2026 | 年 | 月 | 28 | 日 | | 预计回购金额 | 10,000万元~20,000万元 | | | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 | | | | | | | | | | | □用于转换公司可转债 | | | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | | | 累计已回购股数 | 5万股 | | | | | | | | | | 累计 ...

Core Viewpoint - The news highlights the performance and business activities of Hangzhou Hemai Electric Power Electronics Co., Ltd., focusing on its growth in the photovoltaic and energy storage sectors, as well as its financial metrics and market activities. Company Overview - Hangzhou Hemai Electric Power Electronics Co., Ltd. specializes in the research, manufacturing, and sales of photovoltaic inverters, energy storage products, and electrical equipment [2][7] - The company's main products include micro-inverters, monitoring equipment, distributed photovoltaic power generation systems, modular inverters, and energy storage systems [2][7] - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and technological capabilities [2] Financial Performance - For the period from January to September 2025, the company achieved a revenue of 1.323 billion yuan, representing a year-on-year growth of 4.57%, while the net profit attributable to shareholders was a loss of 59.1154 million yuan, a decrease of 124.07% year-on-year [8] - As of September 30, the number of shareholders increased to 10,200, up by 3.82%, while the average circulating shares per person decreased by 3.68% [8] Market Activity - On November 28, the company's stock price increased by 0.85%, with a trading volume of 54.7487 million yuan and a turnover rate of 0.45%, leading to a total market capitalization of 12.255 billion yuan [1] - The company benefits from a significant overseas revenue share of 64.25%, aided by the depreciation of the RMB [3] Shareholder Actions - On March 5, 2025, Hangzhou Kaikai Holding Group announced plans to increase its stake in Hemai shares, with an investment amount between 111.5 million yuan and 223 million yuan, funded by its own resources and special loans [3]

证券代码：688032 证券简称：禾迈股份 公告编号：2025-059 杭州禾迈电力电子股份有限公司 关于以集中竞价交易方式首次回购公司股份的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 杭州禾迈电力电子股份有限公司（以下简称"公司"）于2025年10月29日召 开第二届董事会第二十六次会议，审议通过了《关于以集中竞价交易方式回购公 司股份方案的议案》，同意公司使用首发超募资金以集中竞价交易方式回购公司 股份，用于员工持股计划或股权激励。本次拟回购股份的价格不超过人民币170元 /股（含），回购资金总额不低于人民币10,000万元（含），不超过人民币20,000 万元（含），回购期限自董事会审议通过本次回购方案之日起12个月内。具体内 容详见公司于2025年10月30日披露于上海证券交易所网站（www.sse.com.cn）的 《关于以集中竞价交易方式回购股份的方案暨回购报告书》（公告编号：2025-054）。 二、回购股份的进展情况 根据《上市公司股份回购规则》《上海证券交易所上市公司自律监管指引第7 ...

Core Viewpoint - HeMai Co., Ltd. emphasizes its commitment to fair information disclosure to all investors, adhering to relevant regulations and principles [1] Group 1 - HeMai Co., Ltd. responded to investor inquiries on November 27, highlighting its adherence to the principle of information disclosure fairness [1] - The company strictly follows the "Management Measures for Information Disclosure of Listed Companies" and related exchange regulations in its periodic reports [1] - HeMai Co., Ltd. ensures that shareholder information is disclosed at corresponding points in time in its regular reports [1]

Group 1 - The company HeMai Co., Ltd. announced its first share buyback on November 27, 2025, repurchasing 50,000 shares, which represents 0.04% of its total share capital of approximately 124 million shares, with a total transaction amount of about 4.92 million yuan [1] - The highest buyback price was 98.92 yuan per share, while the lowest was 97.88 yuan per share [1] - For the year 2024, the company's revenue composition indicates that 99.3% comes from the photovoltaic industry, with other businesses contributing 0.7% [1] Group 2 - As of the report date, the market capitalization of HeMai Co., Ltd. is 12.2 billion yuan [2]

Core Viewpoint - HeMai Co., Ltd. (688032.SH) announced its first share repurchase on November 27, 2025, through the Shanghai Stock Exchange, indicating a strategic move to enhance shareholder value [1] Summary by Categories Share Repurchase Details - The company repurchased 50,000 shares, which represents 0.04% of its total share capital [1] - The highest price for the repurchase was 98.92 yuan per share, while the lowest price was 97.88 yuan per share [1] - The total amount spent on the repurchase was 4.9248 million yuan, excluding transaction fees such as stamp duty and commission [1]

Core Viewpoint - HeMai Co., Ltd. (688032.SH), the highest-priced IPO in A-share history, is facing a significant share reduction by major shareholders, who plan to sell up to 3% of the company's shares in the next three months [1][4]. Group 1: Shareholder Actions - Major shareholders, including Hangzhou Gangzhi Investment Partnership and Han Hualong, hold a combined 8.94% of HeMai's shares and plan to reduce their holdings by up to 372,220 shares [4][5]. - If the maximum reduction occurs at the closing price of 100.89 CNY per share on November 25, the shareholders could realize approximately 376 million CNY [2][6]. Group 2: Stock Performance - HeMai's stock price has significantly declined from its peak of 1,338.88 CNY per share to around 100.89 CNY, marking an 80% drop [2][7]. - The company was initially celebrated for its high IPO price of 557.80 CNY per share, but it has since lost its status as a high-value stock [7]. Group 3: Financial Performance - HeMai's profitability has deteriorated, with a reported net profit of 344 million CNY in 2024, down 32.75% year-on-year, and a net loss of 59.11 million CNY in the first three quarters of 2025 [3][9]. - Despite a revenue increase of 31.86% in 2023, the company experienced a decline in net profit, indicating a trend of rising costs outpacing revenue growth [8][9]. Group 4: Market Position and Challenges - HeMai specializes in micro-inverter technology and was the top domestic supplier and second globally in product shipments [3]. - The company faces increasing competition in the photovoltaic storage market, which may impact its ability to return to high growth and recover its stock price [9].