Hoymiles(SH:688032) Ge Long Hui A P P·2026-02-27 15:56Core Viewpoint - HeMai Co., Ltd. (688032.SH) reported a decline in both revenue and net profit for the fiscal year 2025, indicating challenges in its strategic transition from a single equipment supplier to a comprehensive light-storage solution provider [1] Financial Performance - The company achieved an operating revenue of 1.932 billion yuan for 2025 [1] - The net profit attributable to the parent company was -160 million yuan, with a net profit excluding non-recurring gains and losses at -186 million yuan [1] - Both operating revenue and net profit showed a year-on-year decline [1] Strategic Initiatives - The decline in financial performance is attributed to the company's focus on market demand, leading to optimization of product structure and organizational structure [1] - The company is actively exploring new business segments while refining its market layout [1] - There is a commitment to a strategic plan for future development, emphasizing a shift towards becoming a comprehensive solution provider [1] Investment in Talent and R&D - The company has significantly increased investments in research and development as well as sales, enhancing its talent reserves [1] - Efforts are being made to deepen local market engagement, which is seen as a foundation for future business development [1]