Yuneng Technology (SH:688348) Xin Lang Cai Jing·2025-09-04 08:08Core Viewpoint - The company, YN Technology, focuses on the renewable energy sector, specifically in distributed photovoltaic power generation systems and has shown a positive market response with a stock increase of 1.69% on September 4, 2023, with a total market capitalization of 8.067 billion yuan [1]. Company Overview - YN Technology specializes in the research, production, and sales of component-level power electronic devices for distributed photovoltaic power generation systems, including micro-inverters, smart control disconnectors, and energy communication and monitoring systems [2][3]. - The company is located in Jiaxing, Zhejiang Province, and was established on March 24, 2010, with its stock listed on June 8, 2022 [7]. Financial Performance - For the first half of 2025, YN Technology reported a revenue of 651 million yuan, a year-on-year decrease of 27.54%, and a net profit attributable to shareholders of 79.136 million yuan, down 9.88% year-on-year [7]. - As of the 2024 annual report, overseas revenue accounted for 66.03% of total revenue, benefiting from the depreciation of the Chinese yuan [3]. Product Development - The company has completed its product layout in the energy storage sector, including portable mobile storage, household storage, and commercial energy storage systems, with its single-phase household energy storage series products entering mass production and being sold in Europe and the United States [2]. - YN Technology has developed its own ASIC chips for smart control disconnectors, holding three core technologies and 15 invention patents, which enhance system integration, reduce application costs, and improve reliability [2]. Market Activity - On September 4, 2023, the stock had a trading volume of 415 million yuan and a turnover rate of 5.08%, indicating active market participation [1]. - The average trading cost of the stock is 47.20 yuan, with the stock price approaching a resistance level of 52.06 yuan, suggesting potential for upward movement if this level is surpassed [6]. Shareholder Information - As of June 30, 2025, the number of shareholders was 11,600, a decrease of 0.20% from the previous period, while the average circulating shares per person increased by 94.31% [7]. - The company has distributed a total of 349 million yuan in dividends since its A-share listing [8].