Yuneng Technology (SH:688348) Sou Hu Cai Jing·2025-05-24 05:29Core Viewpoint - The company is experiencing fluctuations in stock price and is focusing on expanding its overseas business while managing inventory levels and enhancing its technological capabilities [1][2][4][5]. Group 1: Stock Performance - As of May 23, 2025, the stock price of YN Technology (688348) closed at 40.18 yuan, down 3.25% from the previous week [1]. - The company's current market capitalization is 6.279 billion yuan, ranking 39th in the photovoltaic equipment sector and 2345th in the A-share market [1]. Group 2: Business Focus and Strategy - The company aims to maintain its domestic industrial storage business at last year's levels, focusing on benchmark projects to drive subsequent operations and maintenance services [2]. - The emphasis on overseas markets for industrial storage has led to preparations for shipping some overseas orders, with increased demand in Europe due to power outages [2]. - The company has multiple micro-inverter product series utilizing gallium nitride technology and has invested in a leading enterprise in the gallium nitride field [2][3]. Group 3: Financial Performance - For the fiscal year 2024, the company reported a revenue of 1.771 billion yuan, a year-on-year increase of 24.70%, while the net profit attributable to shareholders was 140 million yuan, a decrease of 36.41% [4][5]. - The company plans to distribute a cash dividend of 4 yuan per 10 shares, totaling approximately 61.81 million yuan [5]. Group 4: Project Developments - The Nanjing National Expo Center 25MW project, which is the largest distributed photovoltaic power generation project using micro-inverters in China, was connected to the grid in April 2025, expected to generate an annual economic benefit of 10 million yuan [2][6].