上能电气定增募资16.49亿，加速光伏逆变器及储能产能扩张

Core Viewpoint - The company has successfully completed a private placement to raise funds and is actively advancing its capacity construction projects, with significant growth in overseas business. Group 1: Fundraising and Capacity Expansion - On January 20, 2026, the company completed a private placement, raising a total of 1.649 billion yuan, with a net amount of approximately 1.638 billion yuan, which will be used for the construction of a production capacity of 25GW for string inverters and 15GW for energy storage converters to alleviate current capacity bottlenecks. The expected post-tax internal rate of return for the energy storage converter project is 31.41% [2][5]. - The company is advancing the construction of a smart production line for 25GW string inverters, which is expected to add an annual production capacity of 15GW for distributed inverters and 10GW for high-power string inverters, with a projected post-tax internal rate of return of 30.82% [5]. Group 2: Business Performance - In the first half of 2025, the company's overseas revenue increased by 105.85% year-on-year, securing a 2.6GW inverter order for the Saudi PIF Phase IV photovoltaic power station in the Middle East, and strengthening its localized network in the European market through subsidiaries [4]. - On February 9, 2026, the company held its 22nd meeting of the fourth board of directors to review documents related to the use of raised funds for replacing pre-invested self-raised funds and already paid issuance expenses [3].