Yuneng Technology (SH:688348) Xin Lang Cai Jing·2026-01-14 07:51Core 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 the push for common prosperity demonstration zones [2][4]. Group 1: Company Overview - YN Technology specializes in the research, production, and sales of component-level power electronic devices in distributed photovoltaic power generation systems, with key products including micro-inverters, smart control disconnectors, and energy communication and monitoring systems [2][4]. - The company was established on March 24, 2010, and went public on June 8, 2022, with its main business revenue composition being: micro-inverters and energy communication products (54.95%), commercial energy storage systems (29.14%), smart control disconnectors (8.94%), and others (3.89%) [8]. Group 2: Financial Performance - For the period from January to September 2025, YN Technology achieved a revenue of 943 million yuan, a year-on-year decrease of 38.48%, and a net profit attributable to shareholders of 66.48 million yuan, down 55.52% year-on-year [9]. - The company's overseas revenue accounted for 66.03% of total revenue, benefiting from the depreciation of the RMB [4]. Group 3: Product Development and Market Position - The company has completed the product layout for energy storage products, including portable mobile storage, household storage, and commercial energy storage systems, with the single-phase household energy storage series products entering mass production and being sold in Europe and the United States [2][3]. - YN Technology's distributed photovoltaic power station business has made steady progress, achieving a grid-connected capacity of over 60 MW, including benchmark projects like the 25 MW photovoltaic power station at Nanjing International Expo Center [3].