Share Capital and Shareholding Structure - The total share capital increased from 80,000,000 shares to 112,000,000 shares after a capital reserve conversion of 32,000,000 shares, implemented on June 21, 2023[4]. - The number of restricted shares decreased by 11,709,453 shares during the reporting period, resulting in a total of 68,775,949 restricted shares at the end of the period[13]. - The company had a total of 11,369 common stock shareholders by the end of the reporting period[16]. - The domestic non-state-owned corporate shareholding decreased to 19,300,990 shares, representing 17.23% of total shares[1]. - Foreign shareholding increased to 30,072,655 shares, accounting for 26.85% of total shares[1]. - The number of shares held by individual domestic investors rose to 19,343,624 shares, maintaining a proportion of 17.27%[1]. - The company completed the public offering of 11,709,453 restricted shares on June 8, 2023[4]. - The company’s strategic investors participated in the initial public offering, impacting the number of restricted shares[4]. Financial Performance - The company reported a total revenue of ¥1,077,068,007.73 for the first half of 2023, compared to ¥377,545,286.20 in the same period of 2022, representing a significant increase[24]. - The net profit for the first half of 2023 was ¥129,712,778.46, slightly up from ¥128,834,336.99 in the previous year, indicating a growth of approximately 0.68%[24]. - The company recorded a total operating profit of ¥160,153,202.56, compared to ¥148,348,770.24 in the same period last year, reflecting an increase of about 7.5%[24]. - The total assets impairment loss was reported at ¥16,640,152.09, which is a significant increase from the previous year's loss of ¥3,514,063.69[24]. - The company’s basic earnings per share for the first half of 2023 was ¥1.20, down from ¥1.53 in the same period of 2022[26]. - The total comprehensive income for the first half of 2023 was ¥124,069,377.61, compared to ¥130,062,885.78 in the previous year, indicating a decrease of about 4.5%[26]. - The company reported a credit impairment loss of ¥2,094,064.67, which is a significant change from a gain of ¥3,441,036.01 in the previous year[24]. Cash Flow and Investments - The company reported a total cash inflow from operating activities of RMB 977,062,766.15 for the first half of 2023, compared to RMB 568,855,722.74 in the same period of 2022, representing an increase of approximately 71.7%[34]. - Cash outflows from operating activities totaled RMB 1,735,123,033.74, resulting in a net cash flow from operating activities of RMB -758,060,267.59, compared to RMB 61,177,026.31 in the previous year[36]. - The company generated RMB 2,078,012,834.31 in cash inflows from investing activities, while cash outflows amounted to RMB 1,515,397,771.80, leading to a net cash flow from investing activities of RMB 562,615,062.51[36]. - Cash inflows from financing activities were RMB 953,885,191.00, with total cash outflows of RMB 266,597,895.81, resulting in a net cash flow from financing activities of RMB 687,287,295.19[36]. - The company reported a net increase in cash and cash equivalents of RMB 499,400,899.26, bringing the ending balance to RMB 2,088,158,365.57[40]. Research and Development - The company incurred research and development expenses of ¥35,718,589.51, which is an increase from ¥17,027,989.63 in the previous year, showing a growth of about 109.5%[24]. - The proportion of R&D investment to operating revenue rose to 6.58%, up from 4.66% in the previous year, indicating a focus on innovation[53]. - The total R&D investment for the period reached ¥43,303,097.01, representing an increase of 86.98% compared to ¥23,158,744.86 in the same period last year[184]. - R&D investment accounted for 6.58% of operating revenue, an increase of 1.92 percentage points from 4.66% in the previous year[184]. Market and Industry Trends - In the first half of 2023, China's newly installed photovoltaic capacity reached 78.4GW, a year-on-year increase of 154%[59]. - The European market accounts for over 50% of China's photovoltaic exports, making it the largest overseas market for Chinese photovoltaic products[60]. - The global photovoltaic market demand is expected to grow by 38% to 390GW in 2023, with potential to reach 455GW if inventory issues in overseas markets are resolved[66]. - The photovoltaic industry is experiencing risks of overheating in upstream production capacity, leading to potential volatility in the market[66]. Product Development and Innovation - The company focuses on the photovoltaic power generation sector, specializing in the R&D, production, and sales of component-level power electronic devices, with 22 core technologies and 132 authorized patents as of June 30, 2023[67]. - The micro-inverter is the core product, with peak efficiency reaching 97% for models like DS3, which has a maximum output power of 960W and supports dual MPPT functionality[70]. - The company has developed a range of micro-inverter products to meet diverse customer needs, showcasing its commitment to innovation and market expansion[67]. - The company has maintained a leading position in technology by pioneering various micro-inverter innovations, including multi-body architecture and three-phase systems[165]. Financial Stability and Equity - The total owner's equity at the end of the period was CNY 3,458,888,572.22, reflecting changes in capital reserves and retained earnings[91]. - The company’s retained earnings decreased by CNY 176,000,000.00 during the reporting period[91]. - The total owner's equity at the end of the reporting period is 3,810,482,430.06, an increase from 3,654,678,085.05 at the beginning of the year[94]. - The company has a capital reserve of 3,139,347,022.42, which is a critical component of its financial stability[97]. Credit Loss Provisions - The expected credit loss rate for accounts receivable within 1 year is 5.00%[196]. - The expected credit loss rate for overdue accounts receivable between 1-2 years is 10.00%[197]. - The expected credit loss rate for overdue accounts receivable between 2-3 years is 30.00%[197]. - The expected credit loss rate for overdue accounts receivable over 3 years is 100.00%[197]. - The company assesses expected credit losses based on historical experience and current economic conditions[196].

昱能科技股份有限公司 关于召开2023年半年度业绩说明会的公告 证券代码：688348 证券简称：昱能科技 公告编号：2023-030 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： 投资者可于 2023 年 8 月 31 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。 （问题征集二维码） 昱能科技股份有限公司（以下简称"公司"）将于 2023 年 8 月 31 日发布公 司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度 经营成果、财务状况，公司计划 2023 年 8 月 31 日下午 15:30-16:30 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 会议召开时间：2023 年 8 月 31 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 一、说明会类型 本次投资者说明会以网络及电话会议方式召开，公司 ...

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]

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].

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 ...

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 | --- | --- | --- | --- | --- | |------------------------------------------------|-----------------------|-----------------------------------------|-----------------------|------------------- ...

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].