Core Viewpoint - Goodwe Technology Co., Ltd. reported a significant increase in operating revenue for the first half of 2025, but also faced net losses and a decrease in net assets compared to the previous year [3][4]. Company Overview - The company is listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board with the stock code 688390 [3]. - As of the end of the reporting period, the total assets amounted to approximately 8.02 billion RMB, reflecting a 0.80% increase from the previous year [3]. - The net assets attributable to shareholders decreased by 1.43% to approximately 2.71 billion RMB [3]. Financial Performance - The operating revenue for the first half of 2025 reached approximately 4.09 billion RMB, marking a 29.80% increase compared to the same period last year [3]. - The total profit for the period was a loss of approximately 3.05 million RMB, an improvement from a loss of about 14.30 million RMB in the previous year [3]. - The net profit attributable to shareholders was a loss of approximately 16.60 million RMB, compared to a loss of about 23.83 million RMB in the same period last year [3]. - The net cash flow from operating activities showed a significant improvement, moving from a negative 908.23 million RMB to a negative 43.85 million RMB [3]. Shareholder Information - The total number of shareholders as of the end of the reporting period was 15,971 [4]. - The largest shareholder, Huang Min, holds 30.82% of the shares and is the actual controller of the company [4]. - The top ten shareholders collectively control 33.06% of the company's shares [4].

Core Viewpoint - The company is committed to enhancing operational efficiency, strengthening market competitiveness, and safeguarding investor rights through its action plan released on April 29, 2025, while regularly assessing the execution of this plan [1] Group 1: Business Performance - In the first half of 2025, the company achieved operating income of -16,597,979.91 yuan, an increase of 7,232,622.38 yuan compared to the same period last year [1] - As of the end of the reporting period, total assets amounted to 8,015,958,732.76 yuan, a slight increase of 0.80% from the end of the previous year [1] - The equity attributable to shareholders decreased by 1.43% to 2,710,597,978.81 yuan compared to the end of the previous year [1] Group 2: Intellectual Property and Innovation - As of June 30, 2025, the company held 687 authorized intellectual property rights, including 18 invention patents [2] - During the reporting period, the company added 72 authorized intellectual property rights, including 8 invention patents and 45 utility model patents [2] - The company focuses on technology development and product innovation in the photovoltaic inverter and smart energy sectors [2] Group 3: Product Development and Certifications - The upgraded SDT G4 series of photovoltaic inverters has achieved breakthroughs in performance, design, compatibility, and intelligence [2] - The company became the first globally to receive a low noise performance certification for its commercial photovoltaic inverters from T?V Rheinland [2] Group 4: Smart Energy Management - The company launched a virtual power plant operation management platform, integrating energy storage and controllable loads to support new power system construction [4] - The platform employs a "cloud-edge-end" architecture for efficient data transmission and processing, enhancing resource utilization [4] Group 5: Strategic Partnerships and Collaborations - The company established a joint venture with Guangde City Transportation Investment Co., marking a milestone in urban-level virtual power plant construction [5] - A strategic partnership with Alibaba Cloud aims to explore key technologies in digital energy and provide practical applications for the industry [6] Group 6: Awards and Recognition - The company received multiple awards, including the "Polar Star Cup" for outstanding virtual power plant cases and the "Innovative Product" award for its energy-saving solutions [6][10] - The ESA series of integrated outdoor storage products won the 2024 New Energy Storage Excellent Product Award [10] Group 7: Market Expansion and Sales - In the first half of 2025, the company sold approximately 399,500 inverters, with grid-connected inverters accounting for about 366,300 units [9] - The company also sold approximately 214.47 MWh of energy storage batteries and 647.91 MW of domestic distributed systems [9] Group 8: Corporate Governance and ESG Practices - The company has revised and added several internal regulations to enhance governance structure and ensure compliance [14] - It has published ESG reports for four consecutive years, showcasing its commitment to environmental and social responsibilities [14] Group 9: Investor Relations and Communication - The company emphasizes transparency in information disclosure and has implemented various channels for investor communication [15] - It has conducted multiple investor engagement activities to enhance understanding of the company's value and operations [15] Group 10: Shareholder Returns - The company repurchased 882,246 shares, representing 0.36% of its total share capital, to maintain market value and boost investor confidence [16]

Core Viewpoint - GoodWe Technology Co., Ltd. is holding a half-year performance briefing on September 4, 2025, to discuss its operational results and financial status for the first half of 2025, allowing investors to engage in interactive communication [1][2]. Group 1: Meeting Details - The meeting is scheduled for September 4, 2025, from 09:00 to 10:00 [1][2]. - The location of the meeting is the Shanghai Stock Exchange Roadshow Center, accessible online [1][2]. - The format of the meeting will be an online interactive session via the Shanghai Stock Exchange Roadshow Center [1][2]. Group 2: Participation Information - Investors can participate online on September 4, 2025, by logging into the Shanghai Stock Exchange Roadshow Center [3]. - Investors are encouraged to submit questions from August 29, 2025, to September 3, 2025, through the Roadshow Center or via the company's email [3]. - The company will address commonly asked questions during the briefing [3]. Group 3: Attendees - The meeting will include key personnel such as the Chairman and General Manager Huang Min, Secretary of the Board Wang Yinchao, and other executives [2].

Investment Rating - The investment rating for the company is Neutral [2][10]. Core Views - The company is expected to benefit from the growth in household storage demand in Europe and Australia, with a notable recovery in performance [7]. - The company's revenue for Q2 2025 was RMB 2.02 billion, showing a year-on-year increase of 9.0% and a quarter-on-quarter increase of 17.1% [7]. - The net profit for Q2 2025 was RMB 0.11 billion, a significant year-on-year increase of 129% and a return to profitability compared to the previous quarter [7]. - The company has seen strong sales growth in various products, particularly in the domestic market, although the profit contribution remains limited [7]. - Exports to Europe have shown a significant recovery, with a year-on-year increase of 28% in July, while exports to Australia surged by 187% [7]. - The target price for the company has been raised to RMB 49.00, reflecting an adjustment in market valuation [7]. Financial Overview - Revenue projections for the company are as follows: RMB 7,353 million in 2023, RMB 6,738 million in 2024, and expected to rise to RMB 8,022 million in 2025 [6][12]. - The net profit is projected to recover from a loss of RMB 62 million in 2024 to RMB 170 million in 2025, and further to RMB 457 million in 2026 [12]. - The company’s earnings per share (EPS) is expected to improve from a loss of RMB 0.25 in 2024 to RMB 0.70 in 2025 [12]. - The company’s market capitalization is approximately RMB 7,976.76 million, with a year-to-date change of 22.89% [4].

Group 1 - Hailiang Co., Ltd. achieved a revenue of 44.476 billion yuan, a year-on-year increase of 1.17%, and a net profit of 711 million yuan, a year-on-year increase of 15.03% [1] - Yinfai Storage reported a revenue of 543 million yuan, a year-on-year decrease of 18.97%, and a net profit of 62.347 million yuan, a year-on-year decrease of 20.05% [1] - Huamao Technology achieved a revenue of 1.108 billion yuan, a year-on-year increase of 14.42%, and a net profit of 137 million yuan, a year-on-year increase of 3.21% [2] Group 2 - Postal Savings Bank reported a revenue of 179.446 billion yuan, a year-on-year increase of 1.5%, and a net profit of 49.228 billion yuan, a year-on-year increase of 0.85% [4] - Bright Dairy achieved a revenue of 12.472 billion yuan, a year-on-year decrease of 1.9%, and a net profit of 217 million yuan, a year-on-year decrease of 22.53% [6] - Pianzaihuang reported a revenue of 5.379 billion yuan, a year-on-year decrease of 4.81%, and a net profit of 1.442 billion yuan, a year-on-year decrease of 16.22% [7] Group 3 - Great Wall Motors achieved a revenue of 92.335 billion yuan, a year-on-year increase of 0.99%, and a net profit of 6.337 billion yuan, a year-on-year decrease of 10.21% [9] - Haowei Group reported a revenue of 13.956 billion yuan, a year-on-year increase of 15.42%, and a net profit of 2.028 billion yuan, a year-on-year increase of 48.34% [10] - Batian Co., Ltd. achieved a revenue of 2.543 billion yuan, a year-on-year increase of 63.93%, and a net profit of 456 million yuan, a year-on-year increase of 203.71% [12] Group 4 - Yuxin Technology reported a revenue of 1.415 billion yuan, a year-on-year decrease of 5.01%, and a net profit of 220 million yuan, a year-on-year increase of 35.26% [14] - Zhongti Industry reported a revenue of 787 million yuan, a year-on-year decrease of 25.24%, and a net loss of 24.3955 million yuan [15] - Kemei Diagnostics achieved a revenue of 165 million yuan, a year-on-year decrease of 27.03%, and a net profit of 24.3408 million yuan, a year-on-year decrease of 68.24% [16] Group 5 - Huatai Co., Ltd. reported a revenue of 6.409 billion yuan, a year-on-year decrease of 1.86%, and a net profit of 67.6382 million yuan, a year-on-year decrease of 63.13% [17] - Fudan Fuhua reported a revenue of 326 million yuan, a year-on-year increase of 2.20%, and a net loss of 711.58 million yuan [19] - Haili Co., Ltd. achieved a revenue of 12.426 billion yuan, a year-on-year increase of 13.16%, and a net profit of 333.546 million yuan, a year-on-year increase of 693.76% [21] Group 6 - Xintong New Science reported a revenue of 61.852 million yuan, a year-on-year increase of 8.49%, and a net loss of 30.393 million yuan [22] - Newzhisoft achieved a revenue of 897 million yuan, a year-on-year decrease of 3.40%, and a net profit of 30.3531 million yuan, a year-on-year increase of 42.84% [24] - Maolai Optics reported a revenue of 319 million yuan, a year-on-year increase of 32.26%, and a net profit of 32.7555 million yuan, a year-on-year increase of 110.36% [25] Group 7 - Qianjin Pharmaceutical achieved a revenue of 1.818 billion yuan, a year-on-year decrease of 5.52%, and a net profit of 128 million yuan, a year-on-year increase of 8.50% [28] - Quanfeng Automotive reported a revenue of 1.218 billion yuan, a year-on-year increase of 18.90%, and a net loss of 167 million yuan [29] - Zhongjin Lingnan's application for a specific issuance of A-shares has been accepted by the Shenzhen Stock Exchange [31] Group 8 - Zhonglv Electric achieved a revenue of 2.333 billion yuan, a year-on-year increase of 29.30%, and a net profit of 618 million yuan, a year-on-year increase of 33.06% [33] - Sanhuan Group reported a revenue of 4.149 billion yuan, a year-on-year increase of 21.05%, and a net profit of 1.237 billion yuan, a year-on-year increase of 20.63% [35] - China Energy Construction achieved a revenue of 212.091 billion yuan, a year-on-year increase of 9.18%, and a net profit of 28.02 billion yuan, a year-on-year increase of 0.72% [37] Group 9 - Liou Co., Ltd. reported a revenue of 9.635 billion yuan, a year-on-year decrease of 9.62%, and a net profit of 478 million yuan, turning from a loss to profit [38] - Suzhou Bank achieved a revenue of 6.504 billion yuan, a year-on-year increase of 1.81%, and a net profit of 3.134 billion yuan, a year-on-year increase of 6.15% [40] - Shunxin Agriculture reported a revenue of 4.593 billion yuan, a year-on-year decrease of 19.24%, and a net profit of 173 million yuan, a year-on-year decrease of 59.09% [43] Group 10 - Tongfu Microelectronics achieved a revenue of 13.038 billion yuan, a year-on-year increase of 17.67%, and a net profit of 412 million yuan, a year-on-year increase of 27.72% [44] - Weidao Nano reported a revenue of 1.05 billion yuan, a year-on-year increase of 33.42%, and a net profit of 192 million yuan, a year-on-year increase of 348.95% [44] - ZTE Corporation achieved a revenue of 715.53 billion yuan, a year-on-year increase of 14.51%, and a net profit of 50.58 billion yuan, a year-on-year decrease of 11.77% [46]

Core Viewpoint - The company, Goodwe (688390.SH), reported a significant increase in revenue for the first half of 2025, driven by the positive development of the photovoltaic industry and expansion in both domestic and international markets [1] Financial Performance - The company achieved an operating revenue of 4.086 billion yuan, representing a year-on-year growth of 29.8% [1] - The net profit attributable to shareholders was a loss of 16.598 million yuan, with a basic earnings per share of -0.07 yuan [1] Market Dynamics - The growth in operating revenue was primarily supported by the sales increase in inverters and household systems compared to the same period last year [1]

Core Viewpoint - Greeway (688390) reported a revenue of 4.086 billion yuan for the first half of 2025, marking a year-on-year growth of 29.8%, despite a net loss attributable to shareholders of 16.598 million yuan and a basic earnings per share of -0.07 yuan [1] Group 1 - The company's revenue growth is primarily driven by the favorable development of the photovoltaic industry [1] - Greeway has been actively expanding its photovoltaic market both domestically and internationally [1] - Sales of inverters and household systems have increased compared to the same period last year [1]

固德威技术股份有限公司 2025年度"提质增效重回报"专项行动方案的 半年度评估报告 固德威技术股份有限公司为践行"以投资者为本"的上市公司发展理念，维 护公司全体股东利益，基于对公司未来发展前景的信心、对公司价值的认可和切 实履行社会责任，公司于 2025 年 4 月 29 日发布了《固德威技术股份有限公司 2024 年度"提质增效重回报"行动方案评估报告暨 2025 年度"提质增效重回报" 行动方案》，以进一步提升公司经营效率，强化市场竞争力，保障投资者权益， 稳定股价，树立良好的资本市场形象。公司根据行动方案内容，积极开展和落实 各项工作，并定期评估行动方案的执行情况。2025 年上半年具体执行情况如下： 1、持续加大研发投入，巩固研发团队成果 截至 2025 年 6 月 30 日，公司拥有已授权知识产权 687 项，其中发明专利 105 项、实用新型专利 369 项、外观设计专利 100 项，软件著作权 95 项、其他 类知识产权 18 项。报告期内，公司新增已授权知识产权 72 项，其中发明专利 8 项、实用新型专利 45 项、外观设计专利 14 项、软件著作权 5 项。 2025 年上半年公司持续 ...

证券代码：688390 证券简称：固德威 公告编号：2025-031 固德威技术股份有限公司 关于召开 2025 年半年度业绩说明会的公告 （二）会议召开地点：上证路演中心 会议召开时间：2025 年 09 月 04 日（星期四）09:00-10:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 （三）会议召开方式：上证路演中心网络互动 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： 投资者可于 2025 年 08 月 29 日（星期五）至 09 月 03 日（星期三）16:00 前 登 录 上 证 路 演 中 心 网 站 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 ir@goodwe.com 进行提问。公司将在说明会上对投资者普遍关注的问题进行回答。 固德威技术股份有限公司（以下简称"公司"）已于 2025 年 8 月 29 ...

固德威技术股份有限公司2025 年半年度报告 公司代码：688390 公司简称：固德威 固德威技术股份有限公司 2025 年半年度报告 2025 年 8 月 1 / 191 固德威技术股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会及董事、高级管理人员保证半年度报告内容的真实性、准确性、完整性，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。 八、 前瞻性陈述的风险声明 √适用 □不适用 二、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，具体内容详见本报告第三节"管理层讨论 与分析"之"四、风险因素"相关内容。 三、 公司全体董事出席董事会会议。 四、 本半年度报告未经审计。 五、 公司负责人黄敏、主管会计工作负责人都进利及会计机构负责人（会计主管人员）毕晓亮 声明：保证半年度报告中财务报告的真实、准确、完整。 六、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 七、 是否存在公司治理特殊安排等重要事项 □适用 √不适用 本报告所涉及的公司未来发展战略、业务规划、经营计划、财务状况预期等前瞻性陈述。这 些陈述乃基于当前能够掌握的信息与数据对未来 ...