Hiconics(SZ:300048) Zheng Quan Ri Bao Zhi Sheng·2025-08-23 04:10Core Viewpoint - The company, Hekang New Energy Technology Co., Ltd., reported significant growth in revenue and net profit for the first half of 2025, reflecting strong operational performance and effective management strategies [1][2]. Financial Performance - The company achieved operating revenue of 4.497 billion yuan, a year-on-year increase of 163.06% [1]. - The net profit attributable to shareholders reached 71.1837 million yuan, marking a year-on-year growth of 732.83% [1]. - The net cash flow from operating activities was 251 million yuan, indicating healthy cash flow management [1]. Business Development - The company expanded its household photovoltaic EPC business from 15 to 22 provinces, with a cumulative grid-connected capacity exceeding 3GW as of June 30, 2025 [2]. - The company launched a new range of photovoltaic grid-connected inverters with power ratings between 20KW and 40KW, covering approximately 70% of the market application scenarios for household grid-connected inverters [2]. R&D and Market Strategy - The company is focusing on product research and market capability development in the household energy storage sector, with a robust order reserve situation supporting future growth [2]. - The company’s production base for energy storage in Anqing commenced operations on June 25, 2025, ensuring sufficient capacity for order fulfillment [2]. Industry Positioning - In the high-voltage frequency converter business, the company is leveraging national policies for equipment upgrades and domestic substitution, leading to a significant increase in project orders [3]. - The company signed a joint development agreement with China National Nuclear Corporation for a nuclear power intelligent high-voltage frequency conversion system [3]. - The company is actively exploring overseas markets in South America and Southeast Asia, focusing on industries such as HVAC, mining, and cement [3].