Yuneng Technology (SH:688348) Xin Lang Cai Jing·2026-01-30 07:45Core Viewpoint - The company, YN Technology, anticipates a net loss attributable to shareholders of 140 million to 115 million yuan for the fiscal year 2025, primarily due to challenges in the European photovoltaic market and increased R&D expenses [1] Group 1: Financial Performance - YN Technology expects a net loss of 140 million to 115 million yuan for 2025 [1] - The decline in performance is attributed to a significant drop in household photovoltaic installations in Europe, influenced by energy price fluctuations and the reduction of support policies [1] Group 2: Sales and Revenue - The sales and gross profit of the company's micro-inverters have decreased during the reporting period [1] - The company has intensified its efforts in emerging markets such as Asia, Africa, and Latin America, leading to an increase in sales expenses compared to the previous year [1] Group 3: Research and Development - YN Technology continues to drive innovation through R&D, enhancing its integrated solar storage product matrix and upgrading solutions [1] - The company has increased its investment in R&D, resulting in a rapid growth of R&D expenses [1]