Yuneng Technology (SH:688348) Xin Lang Cai Jing·2025-10-14 07:54Core Viewpoint - The company, YN Technology, is focused on the photovoltaic power generation sector, particularly in the development, production, and sales of component-level power electronic devices for distributed photovoltaic systems, benefiting from the depreciation of the RMB and its status as a "specialized, refined, distinctive, and innovative" enterprise [2][3]. Company Overview - YN Technology is located in Jiaxing, Zhejiang Province, and was established on March 24, 2010, with its listing date on June 8, 2022 [7]. - The company's main business involves the research, production, and sales of component-level power electronic devices for distributed photovoltaic power generation systems [7]. - The revenue composition includes: micro-inverters and energy communication products (54.95%), commercial energy storage systems (29.14%), intelligent control disconnectors (8.94%), other products (3.89%), and household energy storage products (3.06%) [7]. Financial Performance - As of June 30, 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 79.14 million yuan, down 9.88% year-on-year [7]. - The company has distributed a total of 349 million yuan in dividends since its A-share listing [8]. Market Position and Trends - YN Technology's overseas revenue accounted for 66.03% of total revenue, benefiting from the depreciation of the RMB [3]. - The company has been recognized as a national-level "specialized, refined, distinctive, and innovative" small giant enterprise, which is a prestigious title for small and medium-sized enterprises in China [2]. Stock Performance - On October 14, YN Technology's stock rose by 1.58%, with a trading volume of 304 million yuan and a turnover rate of 3.37%, bringing the total market capitalization to 8.753 billion yuan [1]. - The average trading cost of the stock is 53.67 yuan, with the current price fluctuating between resistance at 61.86 yuan and support at 51.36 yuan, indicating potential for range trading [6].