Hoymiles(SH:688032) Xin Lang Cai Jing·2025-11-03 07:32Core Viewpoint - The stock of Hemaik Electric Co., Ltd. has shown a positive trend with a 1.51% increase, reaching a market capitalization of 13.492 billion yuan, driven by its involvement in the photovoltaic and energy storage sectors, as well as benefits from the depreciation of the RMB and share buyback initiatives [1][3]. Company Overview - Hemaik Electric Co., Ltd. specializes in the research, manufacturing, and sales of photovoltaic inverters, energy storage products, and electrical equipment [2][7]. - The company's main products include micro-inverters, monitoring devices, distributed photovoltaic systems, modular inverters, and energy storage systems [2][7]. - The company has been recognized as a "specialized, refined, distinctive, and innovative" small giant enterprise, indicating its strong market position and technological capabilities [2]. Financial Performance - For the period from January to September 2025, Hemaik reported a revenue of 1.323 billion yuan, reflecting a year-on-year growth of 4.57%, while the net profit attributable to shareholders was a loss of 59.115 million yuan, a decrease of 124.07% compared to the previous year [8]. - As of September 30, the number of shareholders increased to 10,200, with an average of 12,134 circulating shares per person, indicating a slight decrease in individual holdings [8]. Market Position and Trends - The company benefits from a significant overseas revenue share of 64.25%, largely due to the depreciation of the RMB [3]. - Hemaik's stock is categorized under the photovoltaic equipment sector, specifically in inverters, and is part of various investment themes including mid-cap stocks and financing [7]. Shareholder Activity - On March 5, 2025, Hangkai Holdings Group announced plans to increase its stake in Hemaik, with an investment ranging from 111.5 million yuan to 223 million yuan, supported by a special loan from China CITIC Bank [3].