Yuneng Technology (688348)

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昱能科技(688348) - 2023 Q1 - 季度财报
2023-04-25 16:00
Financial Performance - Net profit for the first quarter reached CNY 116,366,884.55, compared to CNY 30,730,488.69 in the same period last year, indicating a significant increase of 278.5%[14] - The company reported a total revenue of CNY 137,605,004.90, up from CNY 34,451,337.56, marking an increase of 299.5% year-over-year[14] - The company’s operating profit for the quarter was CNY 137,605,004.90, compared to CNY 34,451,337.56, representing an increase of 299.5%[14] - Revenue for the reporting period reached ¥435,738,372.96, representing a year-over-year increase of 151.05%[24] - Net profit attributable to shareholders was ¥117,636,570.87, reflecting a significant increase of 282.91% compared to the same period last year[24] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥109,327,917.18, up 264.81% year-over-year[24] - Basic earnings per share were ¥1.47, an increase of 188.24% from the previous year[24] - The net profit attributable to the parent company for Q1 2023 was RMB 112,741,965.79, up from RMB 30,418,454.82 in Q1 2022[64] - Basic earnings per share for Q1 2023 were RMB 1.47, compared to RMB 0.51 in Q1 2022[64] Assets and Liabilities - The total assets increased to CNY 5,468,105,929.54 from CNY 4,958,414,981.64, representing a growth of approximately 10.3% year-over-year[11] - The company’s total liabilities increased to CNY 1,546,731,159.88 from CNY 1,156,895,834.05, which is an increase of approximately 33.7%[11] - The total liabilities as of the end of the reporting period amounted to RMB 1,622,067,104.27, an increase from RMB 1,231,704,588.21[60] - The total equity attributable to shareholders increased significantly, reflecting the strong performance and profitability during the quarter[14] - The total equity attributable to shareholders of the parent company was RMB 3,839,404,040.65, compared to RMB 3,718,804,592.40 in the previous period[60] Cash Flow - Cash and cash equivalents at the end of the period amounted to CNY 2,320,696,014.55, up from CNY 266,221,892.62, reflecting a substantial increase of 770.5%[18] - The cash flow from investment activities showed a net inflow of CNY 675,748,649.70, compared to a net outflow of CNY 17,229,262.04 in the previous year[18] - Cash inflow from operating activities for Q1 2023 was 412,484,518.93, compared to 246,366,874.10 in Q1 2022, representing a year-over-year increase of 67.5%[66] - Cash outflow from operating activities for Q1 2023 was 842,578,138.83, compared to 203,125,386.44 in Q1 2022, indicating a significant increase in cash outflows[66] - Net cash flow from operating activities for Q1 2023 was -430,093,619.90, a decline from a positive cash flow of 43,241,487.66 in Q1 2022[66] - Cash received from investment recovery in Q1 2023 amounted to 1,182,327,459.52, highlighting strong investment performance[66] - Cash received from investment income in Q1 2023 was 25,987.50, showing minimal growth compared to previous periods[66] Research and Development - Research and development expenses totaled ¥18,808,193.06, representing a 58.22% increase year-over-year[31] - Research and development expenses for Q1 2023 were RMB 18,808,193.06, up from RMB 11,887,046.70 in Q1 2022[62] - The proportion of R&D expenses to revenue was 4.32%, down 2.53 percentage points from the previous year[31] Strategic Initiatives - The company plans to expand its market presence and invest in new product development to drive future growth[3] - The company is focusing on enhancing its technological capabilities and exploring potential mergers and acquisitions to strengthen its market position[3] Other Financial Metrics - The weighted average return on equity was 3.12%, a decrease of 6.88 percentage points compared to the previous year[24] - The company reported a government subsidy income of RMB 47,654.01 during the reporting period[60] - The total non-current liabilities amounted to RMB 75,335,944.39, slightly up from RMB 74,808,754.16 in the previous period[60] - Total operating revenue for Q1 2023 reached RMB 435,738,372.96, a significant increase from RMB 173,566,128.51 in Q1 2022[62] - Total operating costs for Q1 2023 were RMB 302,704,474.75, compared to RMB 139,329,300.53 in the same period last year[62] - The company experienced significant growth in overseas sales, contributing to the overall revenue increase[26]
昱能科技(688348) - 2022 Q4 - 年度财报
2023-04-25 16:00
Financial Performance - The company's sales revenue for the year 2022 reached 1,435,798,698.91 CNY, a significant increase from 474,577,695.04 CNY in 2021[43]. - The net profit for 2022 was approximately CNY 322.11 million, a significant increase from CNY 66.96 million in 2021, representing a growth of 380%[46]. - The total comprehensive income for 2022 reached CNY 322.11 million, compared to CNY 66.96 million in the previous year, indicating a substantial improvement[46]. - The total comprehensive income attributable to the parent company was 379,368,899.43 CNY, compared to 100,539,779.61 CNY in the previous year[43]. - The company achieved a basic and diluted earnings per share of 5.15 CNY, up from 1.72 CNY in the previous year[43]. - The gross profit margin for the inverter product category was 40.74%, while the energy communicator and smart control switch recorded margins of 67.99% and 27.59% respectively[25]. - The company reported sales revenue from goods and services of CNY 1.40 billion in 2022, compared to CNY 628.26 million in 2021, marking a growth of 122%[50]. - The total cash and cash equivalents at the end of 2022 amounted to CNY 1.59 billion, up from CNY 177.02 million at the end of 2021[51]. Investments and Capital Management - The investment amount for the reporting period was 147,257,300 CNY, a dramatic increase of 4785.55% compared to 3,014,141.39 CNY in the previous year[35]. - The company plans to distribute a cash dividend of 22 CNY per 10 shares, totaling 176,000,000 CNY, which represents 48.82% of the net profit attributable to shareholders[36]. - The company plans to increase its total share capital from 80,000,000 to 112,000,000 shares through a capital reserve transfer of 4 shares for every 10 shares held[36]. - The company reported an increase in capital contributions from ordinary shares totaling 3,036,994,904.24, reflecting a robust investment from shareholders[57]. - The total owner's equity at the end of the year was 291,830,782.21, indicating a stable financial position[55]. - The total owner's equity change for the year was 3,434,879,611.21, reflecting overall growth in equity[55]. - The company has a total of 233 employees, with 108 in technical roles and 57 in sales[98]. Research and Development - The company has developed 9 core technologies for micro-inverter products, including multi-body micro-inverter technology and intelligent three-phase bridge topology technology, leading to the production of the world's first three-phase micro-inverter[15]. - The company has developed 2 core technologies for energy storage products, focusing on AC coupling storage systems and low-voltage storage control technology[18]. - The company has made significant investments in R&D for new products, including micro-inverters and energy communication devices[77]. - The company plans to enhance its R&D capabilities and accelerate the development of new products and technologies to maintain its competitive edge in the component-level power electronics sector[110]. - The company is focusing on new product development and technology innovation to enhance market competitiveness[172]. Market Expansion and Strategy - The company is actively expanding its market presence in distributed photovoltaic applications, particularly in residential and commercial sectors[15]. - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming fiscal year[49]. - The company is exploring mergers and acquisitions to strengthen its position in the renewable energy sector[66]. - The company aims to leverage its subsidiaries to enhance its supply chain and operational capabilities in the renewable energy market[66]. - The company is actively expanding into emerging markets such as Africa, the Middle East, Southeast Asia, and South America to mitigate the impact of international trade frictions on product exports[107]. - The company has established a strategy for market expansion and investment in subsidiaries to enhance its competitive position[89]. Operational Efficiency and Management - The company is focusing on enhancing employee training and management skills to improve overall management levels and team integration[28]. - The management team highlighted a strategic emphasis on improving operational efficiency and cost management[172]. - The company emphasizes continuous technological innovation to strengthen its competitive advantage[150]. - The company has implemented effective internal control measures and governance structures to enhance operational efficiency and protect shareholder rights[157]. - The company is committed to improving its marketing system and R&D capabilities to meet market demands[153]. Financial Reporting and Compliance - The financial statements comply with the enterprise accounting standards, reflecting the company's financial status and operating results accurately[121]. - The company has established methods for accounting treatment of joint ventures and common operations[130]. - The company measures expected credit losses based on a weighted average of credit losses for financial instruments, reflecting the risk of default[140]. - The company recognizes loss provisions for expected credit losses in the income statement, impacting the carrying value of financial assets[140]. - The company has established criteria for determining the classification of assets as held for sale, ensuring compliance with relevant accounting standards[188]. Corporate Governance - The company conducted 11 board meetings during the reporting period, with a board composition that meets legal requirements, including 3 independent directors[156]. - The company held 1 annual general meeting and 4 extraordinary general meetings in the reporting period, ensuring compliance with legal requirements for shareholder voting rights[155]. - There were no proposals rejected during the shareholder meetings, indicating strong shareholder support for the company's strategies[164]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to CNY 8.51 million[177]. - The total remuneration for core technical personnel at the end of the reporting period was CNY 7.89 million[177].
昱能科技:昱能科技股份有限公司关于召开2022年度暨2023年第一季度业绩说明会的公告
2023-04-20 09:08
证券代码:688348 证券简称:昱能科技 公告编号:2023-004 昱能科技股份有限公司 重要内容提示: 投资者可于 2023 年 4 月 27 日(星期四)12:00 前扫描下方问题征集二 维码进行会前提问。公司将通过本次业绩说明会,在信息披露允许范围内就投资 者普遍关注的问题进行回答。 昱能科技股份有限公司(以下简称"公司")将于 2023 年 4 月 26 日发布公 司 2022 年年度报告及 2023 年第一季度报告,为便于广大投资者更全面深入地了 解公司 2022 年度及 2023 年第一季度经营成果、财务状况,公司计划 2023 年 4 月 27 日下午 15:30-16:30 举行 2022 年度暨 2023 年第一季度业绩说明会,就投 资者关心的问题进行交流。 (问题征集二维码) 会议召开时间:2023 年 4 月 27 日(星期四)下午 15:30-16:30 会议召开方式:网络及电话会议方式 会议召开地点:进门财经 关于召开2022年度暨2023年第一季度 业绩说明会的公告 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 ...
昱能科技(688348) - 2022 Q3 - 季度财报
2022-10-30 16:00
2022 年第三季度报告 单位:元 币种:人民币 证券代码:688348 证券简称:昱能科技 昱能科技股份有限公司 2022 年第三季度报告 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: 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整, 不存在虚假记载、误导性陈述或重大遗漏,并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | --- | --- | |------------------------------------------------|-----------------------|-----------------------------------------|-----------------------|------------------- ...
昱能科技(688348) - 2022 Q2 - 季度财报
2022-08-24 16:00
Financial Performance - The company's basic earnings per share (EPS) increased to 2.03 yuan, up 238.33% compared to the same period last year[19]. - The diluted EPS also rose to 2.03 yuan, reflecting the same percentage increase of 238.33% year-on-year[19]. - The net profit attributable to shareholders increased due to revenue growth and improved gross margin[20]. - The weighted average return on equity (ROE) reached 36.09%, an increase of 18.83 percentage points from the previous year[19]. - Net profit attributable to shareholders was ¥128.80 million, reflecting a significant increase of 255.31% year-over-year[21]. - The company's operating revenue for the first half of the year reached ¥497.43 million, an increase of 84.23% compared to the same period last year[21]. - The net cash flow from operating activities surged to ¥61.18 million, marking a 425.64% increase compared to the previous year[21]. - The company's total assets grew to ¥3.93 billion, up 526.64% from the end of the previous year[21]. - The company's equity attributable to shareholders was 3.46 billion yuan, reflecting a growth of 1,085.09% compared to the end of the previous year[84]. Research and Development - Research and development (R&D) expenses accounted for 4.66% of operating revenue, a slight decrease of 0.43 percentage points compared to the same period last year[19]. - The company has developed 19 core technologies, all of which are independently researched and developed, with several patents pending[51]. - The company has established a market demand-oriented R&D model, focusing on hardware circuit topology, software control algorithms, and communication technology, leading to continuous upgrades of its products[32]. - The company has a total of 92 R&D personnel, accounting for 45.80% of the total workforce, with an average salary of RMB 19.29 million[73]. - The company has accumulated 3 invention patents in high-reliability data acquisition technology, addressing issues of incomplete data collection and time alignment[56]. Market Position and Strategy - The company ranked second globally and first domestically in micro-inverter product shipments in 2021, according to Wood Mackenzie data[27]. - The company aims to enhance product performance and innovation capabilities while accelerating the development of new products to strengthen its core competitiveness[38]. - The company is actively expanding into emerging markets such as Africa, the Middle East, Southeast Asia, and South America to mitigate the impact of international trade frictions[50]. - The company has successfully entered over 90 countries and regions, achieving more than 100 domestic and international certifications for its products[78]. - The company has established subsidiaries in the U.S., Netherlands, Australia, and Mexico to enhance localized service and market responsiveness[80]. Industry Trends - The global photovoltaic power generation cost continues to decline, making it one of the lowest-cost energy sources, with many countries expected to achieve grid parity in the future[38]. - The integration of photovoltaic and energy storage systems is a significant market trend, with storage inverters playing a crucial role in optimizing energy distribution and improving overall utilization[39]. - The demand for digital and intelligent photovoltaic inverters is increasing, as they are essential for the construction of smart power stations, enabling data collection and energy management[42]. - The photovoltaic industry is experiencing a cyclical nature, with demand closely tied to the installation of distributed photovoltaic systems, which is affected by macroeconomic conditions[44]. - The continuous decline in photovoltaic (PV) generation costs has made it the lowest-cost energy generation method in many countries, driven by technological advancements and economies of scale[49]. Financial Management and Risks - The company faces risks from potential trade disputes, including anti-dumping and countervailing investigations, particularly affecting exports to the U.S. where tariffs have increased to 25%[96][97]. - The company's reliance on outsourced manufacturing poses risks related to quality control and delivery timelines, which could adversely affect operations[98][99]. - Fluctuations in the prices of key raw materials, such as cables and integrated circuits, could significantly impact the company's cost management and overall performance[100]. - The company’s dependency on foreign suppliers for integrated circuits may lead to operational challenges if international trade conditions change unfavorably[101]. - The company has implemented innovative designs to enhance the safety and cost-effectiveness of its micro-inverters, resulting in 3 new patents for ground protection control technology[53]. Corporate Governance and Shareholder Commitments - The company has established long-term commitments to resolve industry competition and related transactions, ensuring compliance and governance[136]. - The commitments made by shareholders and management are in compliance with the regulations of the Shanghai Stock Exchange, ensuring adherence to market rules[137]. - The company has promised to adhere to its profit distribution policy as outlined in its articles of association and shareholder return plan for the first three years post-IPO[15]. - The company will ensure compliance with relevant laws and regulations regarding share transfers and reductions by its stakeholders[12]. - The company has committed to not transferring shares held prior to the IPO for 12 months post-listing, with annual transfers limited to 25% of total shares held during their tenure[8].